1225 Lake Drive

Office for Sale
Sale Pending
Also listed as Multi-Family
Catylist Listing ID: 30568659
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 12,870 SF
Gross Land Area: 1 Acre
Sale Price: $995,000
Unit Price: $77.31 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Thresholds
Class of Space: Class C
Sale Terms: Cash to Seller
Last Updated: 7/7/2020

Overview / Comments

Redevelopment opportunity in the heart of Eastown.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: East Grand Rapids
Taxing Authority: Grand Rapids
Tax ID/APN: 41-14-29-405-023; 41-14-29-405-024
Zoning: LDR
Site Description: Thresholds, Inc is a tax exempt organization for federal tax purposes and thus is exempt from property taxes.; Subject consists of 1225 and 1237 Lake Drive and is one contiguous parcel. The 1225 address is used for indentifying purposes
Year Built: 1903
Year Renovated: 1955
Roof Type: Gable
Construction/Siding: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,132 157,100 284,812
Median Age: 29.71 31.19 33.59
Households: 9,718 58,180 109,905


Photograph of Listing Agent

Cameron Timmer

CBRE Detroit CARWM Member
Photograph of Listing Agent

Russ Bono, CCIM

CBRE Detroit CARWM Member
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