Investment Office Building

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30622806
Property Subtypes: Governmental, Institutional, Net Leased, Office Building, Other, General
Building Size (RSF): 14,192 SF
Gross Land Area: 1 Acre
Sale Price: $1,200,000
Unit Price: $84.55 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.9%
Last Updated: 9/8/2020

Overview / Comments

FANTASTIC OPPORTUNITY FOR AN OWNER OCCUPANT OR 1031 EXCHANGE BUYER. THE PROPERTY IS WELL LOCATED ON PLAINFIELD AVE NE WITH EASY ACCESS TO I-96, M-37 (NORTHLAND DR), AND DOWNTOWN GRAND RAPIDS.

THERE IS A LARGE ELECTRONIC PYLON SIGN WITH OVER 17K DAILEY TRAFFIC COUNT. GREAT PARKING AND WALK IN ENTRYS ON BOTH THE MAIN AND UPPER LEVELS MAKE THIS A STABLE PLACE TO RENT

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Plainfield Corridor
Taxing Authority: Plainfield Township
Tax ID/APN: 41-09-26-104-002
Zoning: C-1
Property Visibility: Excellent
Highway Access: Easy Access to I-96 & M-37 (Northland Dr)
Airports: GERALD R FORD INTERNATIONAL AIRPORT
Site Description: Easy access with main floor and upper level walk outs. Plenty of parking.
Area Description: DIRECTIONS: W OF E BELTLINE AND NORTHLAND DR NE.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,096 SF
Year Built: 1997
Year Renovated: 2018
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: This district is intended to provide for those retail and service uses necessary to serve the residential areas of the Township and its environs. This district is also intended to encourage the concentration of business uses to the mutual advantage of the consumers and merchants.
Lot Frontage: 141
Lot Depth: 258
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PART NW 1/4 COM ON S LINE OF STL US131 930.8 FT W OF W 1/8 LINE TH E 138.60 FT TH SLY TO A PT ON N LINE OF HOME AVE 796.25 FT W OF W 1/8 LINE TH W 138.55 FT TH NLY TO BEG EX THAT PART LYING NLY OF A LINE WHICH IS 60 FT SLY OF & PAR TO CL OF PLAINFIELD AVE * SEC 26 T8N R11W 1.00 A.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,825 40,608 96,603
Median Age: 41.08 39.33 37.81
Households: 1,868 15,573 37,459

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