Office Investment - Greenville, MI

Office for Sale
Sale Pending
Catylist Listing ID: 30151651
Property Subtypes: Medical, Office Building
Status: Pending
Building Size (RSF): 11,700 SF
Gross Land Area: 1.58 Acres
Sale Price: $850,000
Unit Price: $72.65 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Office Park West
Class of Space: Class C
Usable Size (USF): 11,700 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/11/2021

Overview / Comments

Office Park West is located north of M-57 and offers two multi-tenant buildings (1810 & 1820). The professional and medical tenant mix includes, insurers, physical therapists, mortgage companies, employment agencies, chiropractors and others. With a diverse mix of long-term tenants, the properties have produced consistent Net Operating Income. The buildings have been professionally managed and maintained. Office Park West is situated on a highly desirable corner at M-57 and could be redeveloped for a prime commercial use. See the attached Proposed Redevelopment Plan!

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Montcalm
Taxing Authority: City of Greenville
Tax ID/APN: 59-052-008-046-30 & 59-052-487-012-00
Zoning: 201-COMMERCIAL
Property Located Between: Yougman Road & S. Greenville West Drive.
Property Visibility: Excellent
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1994
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,045 19,407
Median Age: 37.04 37.55
Households: 5,519 7,459


Photograph of Listing Agent

Todd A. Kamps, CCIM | SIOR

Cherette Properties, LLC CARWM Member
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