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 |
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 |
Property Images:
