$2,850,000
Grandville, MI 49418
MLS# 16041179
Status: Sold
18800 sqft
1 / 10
Property Description
This is a fantastic investment opportunity to own a fully leased, multitenant, office building just north of Rivertown Parkway in Grandville, MI. The 2.66 acre property has frontage on 44th Street, SW to the north and Parkway Place to the south. Parkway place provides shared access to the Harold Zeigler Dealership, as well as several other professional office buildings nearby. Building is 100% leased and a 9 CAP. Please contact agent at 616-638-6019 for financials and additional details.
Details
Maps
Location Property Info
County: Kent
Street #: 4249
Street Name: Parkway Place
Suffix: Drive
State: MI
Zip Code: 49418
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $2,850,000
List Price: $3,000,000
Listing Date: 2016-08-09
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.66
Lot Square Footage: 115869
Lot Dimensions: 275' x 305'
Year Built: 2007
Road Frontage: 275
Mineral Rights: Unknown
Total # Units: 4
# Fin Bldg Lvls: 1
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total SqFt: 18800
Total Net SqFt: 18800
Property Use Type: Investment
Full Baths: 8
Waterfront: No
School District: Grandville
Tax Info
Tax ID #: 41-17-30-227-007
Taxable Value: 917143
SEV: 1049300
For Tax Year: 2016
Seller's Annual Property Tax: 1
Tax Year: 2016
Spec Assessment & Type: Unknown
Non-Conforming Use: No
Zoning: OS-1
Remarks Misc
Directions: Rivertown Parkway to Canal Avenue, SW. North on Canal then east on 44th St. SW and Parkway Place is the first street on the right.
Status Change Info
Under Contract Date: 2016-08-16
Sold Date: 2016-10-04
Sold Price: $2,850,000
Sold Price/SqFt: 151.6
Additional Details
Total Parking Spaces: 108
Property Features
Property Use: Investment; Net Leased (nnn)
Uses: Professional/Office
Ownership: LLC
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Brick; Stone
Roofing: Composition
Below Grade: None
Additional Features: Multi User Facility
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo; Plat Map; Survey
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll; Site Plan
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: Cherette Group
Listing Agent: Dennis Cherette
Last Updated: October - 20 - 2021
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