Catylist Listing ID: 30290480
Property Subtypes: Business Park, Governmental, Medical, Office Building
Building Size (RSF): 31,558 SF
Gross Land Area: 3.47 Acres
Sale Price: $2,995,000
Unit Price: $94.90 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: LUCERENE BUILDING
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/16/2019

Overview / Comments

Great opportunity for an owner/occupant. Situated in Centennial Office Park on a large professionally landscaped parcel with two large surface parking lots. The office park is conveniently located with easy access to I-96 and M-6 and only minutes from the airport. The park has 5 means of ingress/egress and it is surrounded by restaurants, hotels and shopping. Tree lined streets and sidewalks make it a great location for a corporate headquarters. The Lucerne building sits on the corner of Lucerne and Tahoe offering great visibility and signage opportunities.

Financials

Finance Data Year 2008
Real Estate Taxes - Annual($) $969,200 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Southeast
Taxing Authority: Cascade Township
Tax ID/APN: 41-19-17-201-004
Zoning: PUD-OFFICE
Property Located Between: Kraft and 28th Street
Property Visibility: Good
Highway Access: Easy access to both I-96 and M-6.
Airports: Located within a few miles of the main airport serving Grand Rapids.
Site Description: Irregular Parcel.
Area Description: DIRECTIONS: 1 MILE EAST OF THE 28TH ST/I-96 INTERCHANGE TO CENTENNIAL PARK. RIGHT ON LUCERNE.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 15,779 SF
Year Built: 1986
Construction/Siding: Brick
Exterior Description: Brick and Glass.
Parking Type: Surface
Parking Description: Two large surface parking lots.
Heat Type: Natural Gas
Air Conditioning: Engineered System
Interior Description: Flexible floor plates with large windows and centrally located restrooms. Each floor has direct access off of the parking lot for maximum convenience.
Zoning Description: Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,418 29,530 96,921
Median Age: 44.42 38.77 38.55
Households: 1,392 11,634 37,436

Contact

Photograph of Listing Agent

Kevin Joseph Lipke

Sperry Van Ness/Silveri Company
CARWM Member
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