1621 44th St SW - Medical FOR SALE


Grand Rapids, MI 49509- Outer Kentwood/Wyoming
$1,200,000 USD
616-293-7035
1621 44th St SW, Grand Rapids, MI for Sale
$1,200,000 USD
Medical - FOR SALE
1/37
null | 8.94% Cap Rate

1621 44th St SW
Grand Rapids, MI 49509
Outer Kentwood/Wyoming


HIGHLIGHTS

  • High Traffic Counts
  • Dynamic Corner
  • 100% Leased
  • Medical Office Building For Sale

OVERVIEW

HIGH PROFILE Sharp Professional Office Building on the corner of 44th Street and Burlingame! Almost a 9% CAP rate on current rent roll and 2024 expenses under current ownership. This Professional Medical Building provides nice stability with 3 Units vs just a sole Tenancy. Each unit has a very strong Tenant with good lease history. The largest primary suite is leased through 2033! Each Suite is very nicely laid out with open entry's, private offices and exam rooms, open workspace areas, kitchenettes and in suite restrooms (see attached floor plans of each). The exterior has been recently painted and landscape updated giving it a very tasteful contemporary look. This is all on the dynamic corner of 44th Street and Burlingame with great visibility and traffic counts ideally suited for medical Tenants. There is also a large pylon sign with a static sign for each Tenant and a nice sized digital sign which is a great feature for Tenants at the building. Located in an area that has other professional and medical business, shopping including Rivertown Crossings Mall and Bucktown also down the street from the newly developed "downtown" Wyoming with local businesses and City events. This is a great opportunity to get into the market.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

8.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Wyoming Dental/ Advanced Foot & Ankle

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

BI

APN/PARCEL ID

41-17-22-476-036

ASK ABOUT THIS PROPERTY

Andy RichterRichter CompanyMore Info
616-293-7035

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Andy RichterRichter CompanyMore Info
616-293-7035

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