1151 E Paris Ave SE - Medical FOR SALE


Grand Rapids, MI 49546- Outer Kentwood/Wyoming
$3,450,000 USD
616-698-5000
1151 E Paris Ave SE, Grand Rapids, MI for Sale
$3,450,000 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

1151 E Paris Ave SE
Grand Rapids, MI 49546
Outer Kentwood/Wyoming


HIGHLIGHTS

  • Great Location on East Paris Ave.
  • Basement Storage
  • New Roof 2023

OVERVIEW

High End Dental / Medical Building available in the prime, high-traffic East Paris Corridor with ample parking and easy accessibility for convenience. Ideal for owner/investor seeking stable cash flow with value-added potential, or for medical professionals looking to occupy and grow within a prestigious setting. Total building is 10,035 SF, has basement for storage, a new roof in 2023 and parking lot was replaced in 2021 Medical tenant in suite 200 has a lease through March of 2030. Monthly base rent is $9,842.03 Suite 100 is a former dental office suite that is currently listed for lease so would be an additional income opportunity. The suite can also be owner occupied.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

OR-PUD

APN/PARCEL ID

41-14-35-480-010

ASK ABOUT THIS PROPERTY

Ty HallockFirst Companies Inc.More Info
616-698-5000

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Ty HallockFirst Companies Inc.More Info
616-698-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.