833 Lake Dr SE - Medical FOR SALE


Grand Rapids, MI 49506- East Hills
$4,400,000 USD
616-886-6684
833 Lake Dr SE, Grand Rapids, MI for Sale
$4,400,000 USD
Medical - FOR SALE
1/23
null | Request Cap Rate

May '26


833 Lake Dr SE
Grand Rapids, MI 49506
East Hills


OVERVIEW

Exceptional owner-occupant opportunity located along the highly desirable Lake Dr. corridor in the Cherry Hills neighborhood of Grand Rapids. The former Lafontsee Gallery building sits on over 2 acres, offering an abundance of on-site parking numbering over 100 spaces, making this a very rare opportunity and an affordable alternative to parking downtown Grand Rapids. The main level of the building spans 12,620 SF and is well-suited for office, educational, medical, or community-based uses. The layout provides a nice mix of private offices and open floor space featuring modern industrial finishes such as open joist ceiling and polished concrete floors. Numerous windows provide generous natural light throughout complementing this high-quality space. The lower-level measures 11,550 SF and is accessible from both the exterior and a newly upgraded elevator. While largely unfinished, this space features daylight windows throughout, exterior access, multiple restrooms and is partially climate-controlled providing a cost-effective way to almost double the finished space within the building. This space would make for an easy conversion to attractive garden-level office, creative workspace or wellness space for an added building amenity. The oversized parcel includes access to three separate streets providing the ability for multifamily development to a user who doesn’t require the entire parking allotment this parcel offers. The combination of location, building design and parcel size create an unparalleled opportunity in one of Grand Rapids’ most sought after neighborhoods. All tours must be scheduled through the listing agent. Please do not disturb employees of Lafontsee Gallery.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

MDR

APN/PARCEL ID

41-14-29-306-039

ASK ABOUT THIS PROPERTY

Ben PitcherDAR Commercial Real EstateMore Info
616-886-6684

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Ben PitcherDAR Commercial Real EstateMore Info
616-886-6684

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