2540 Woodmeadow Dr SE, Grand Rapids, MI 49546

Call listing broker Mark Baker at 616-299-4146 to schedule a showing!

Property Subtypes: Business Park, Medical, Net Leased, Office Building
Building Size (RSF): 4,420 SF
Gross Building Area: 8,840 SF
Gross Land Area: 0.86 SF
Sale Price: $525,000
Unit Price: $118.78 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Class of Space: Class B
Usable Size (USF): 4,420 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 12/1/2018

Overview / Comments

Leased building w/ future owner/user potential – invest now w/ opportunity to occupy one of two of the suites upon lease expiration. Fully built out suites suitable for medical, dental or general office. Pleasant common lobby with men’s & women’s bathrooms. Light & attractive office suite in an area that has 44,000 people in a 3 mile radius. Plenty of customer parking in front and employee parking in rear of building. Suites have customer lobby, multi person receptionist area, perimeter offices, interior work areas and office/conference rooms. Full basement for storage and mechanicals is a big plus. Suitable for medical, dental & general professional office.
Financials
Finance Data Year 2017
Real Estate Taxes – Annual($) $13,983 (Annual)
Tax Value Land $263,752
Assessed Value – Total($) $275,900 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Southeast
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-10-355-016
Zoning: COMMERCIAL/INDUSTRIAL
Property Located Between: Breton & 28th Street SE (Woodmeadow curves to outlet at 28th St SE)
Property Visibility: Good
Highway Access: Conveniently located between I-96 and US-131 off 28th St SE near Breton Ave SE.
Airports: GRR – Gerald R. Ford International Airport
Site Description: Functional layout of customer parking lot in front and employee parking in the rear, nicely landscaped site adjacent to similar buildings.
Area Description: Neighboring properties include similar buildings and a mix of single and multi family residential on medium traffic street that connects to 28th St SE & Breton and borders commercial uses.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,420 SF
Year Built: 1992
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Attractively landscaped brick building. Updated parking lot.
Parking Ratio: 5.9 (per 1000 SF)
Parking Type: Surface
Parking Description: Functional layout of customer parking lot in front and employee parking in the rear.
Total Parking Spaces: 26
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Pleasant common lobby with men’s & women’s bathrooms. . Plenty of customer parking in front and employee parking in rear of building. Suites have customer lobby, multi person receptionist area, perimeter offices, interior work areas and office/conference rooms. Full basement for storage and mechanicals is a big plus.Perimeter windows open for added occupant enjoyment and temperature control.
Zoning Description: Commercial Improved
Lot Frontage: aprox 100 ft
Lot Depth: aprox 277 ft
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 2 * LONGMEADOW PLAT NO.1

Map

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,836 120,000 265,950
Median Age: 41.73 34.53 32.97
Households: 6,103 46,601 100,080

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