Medical Building for Sale

Office for Sale
Catylist Listing ID: 30520247
Property Subtypes: Medical, Office Building
Building Size (RSF): 12,578 SF
Gross Land Area: 2.75 Acres
Sale Price: $2,750,000
Unit Price: $218.64 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/5/2019

Overview / Comments

Great medical opportunity for a owner/user medical group. This attractive office building is located at the corner of Wilson Avenue and Leonard Street NW, right next door to Mercy Health medical practice. Current tenants are: Edward Jones, Foot and Ankle Specialists of West Michigan, and the Center for Physical Rehabilitation.

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $870,300 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: City of Walker
Tax ID/APN: 41-13-19-126-005
Zoning: COMMERCIAL
Property Visibility: Excellent
Site Description: NA
Area Description: DIRECTIONS: S.W. corner of Wilson & Leonard
Number of Stories: 2
Year Built: 2008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,951 32,433 109,103
Median Age: 37.78 39.35 34.12
Households: 2,856 13,243 40,603
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