4701 & 4721 East Beltline NE

Office for Sale
Also listed as Vacant Land, Multi-Family
Catylist Listing ID: 30725338
Property Subtypes: Office Building
Building Size (RSF): 1,776 SF
Gross Land Area: 3.11 Acres
Sale Price: $359,000
Unit Price: $202.14 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class D
Usable Size (USF): 1,776 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/7/2021

Overview / Comments

Stand alone office space in a private, wooded setting, 1,776 SF with three private offices, kitchen, ADA bathroom/accessibility, basement storage, and ample parking including a garage. Furniture may be included.

The site has over 600' of frontage on the East Beltline, and the property to the north is also available, adding an additional +/-2 acres and 200' of additional frontage, creating prime exposure for medical development, or a prominent office user in need of frontage.

Plainfield Township will consider multifamily use, but most likely not at high density. Based on previous contact 6-8 units per acre is the highest possible that would be considered. Rezoning for retail is also a possibility.

Phase I environmental from 2017 came back clean.

The structure was completely redone in 2013, with additional work performed in 2018. Strong location and great amenities in current market conditions.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: East Beltline North
Taxing Authority: Plainfield Charter Township
Tax ID/APN: 41-10-26-326-015; 41-10-26-326-025
Zoning: O
Number of Stories: 1
Typical SF / Floor: 1,776 SF
Year Built: 1955
Year Renovated: 2018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,941 33,427 99,950
Median Age: 39.57 39.66 37.65
Households: 3,248 12,782 38,949

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