Office Building For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30590392
Property Subtypes: Office Building, General
Building Size (RSF): 6,910 SF
Gross Land Area: 1.57 Acres
Sale Price: $725,000
Unit Price: $104.92 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: FAMILY CHIROPRACTIC
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 75
Last Updated: 7/10/2020

Overview / Comments

Built in 1999 and home to the Family Chiropractic Health Center, this is a very well kept Class “A” office building in Plainfield Township. The building is 6,910 gross SF.. There are currently 3 Tenants in place that occupy 4,919 sq ft and there is a 1,696 sq ft suite available for an owner/occupant.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $14,728 (Annual)
Assessed Value - Total($) $327,100 (Annual)
Net Operating Income $33,617 (Annual)
Actual or Proforma Year Actual
Loan Amount $0
Annual Debt Service $0 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Plainfield Corridor
Taxing Authority: Plainfield Township
Tax ID/APN: 41-10-27-326-022
Zoning: OFFICE
Property Visibility: Excellent
Site Description: DNA
Area Description: DIRECTIONS: 1/4 MILE N OF 5 MILE RD ON E SIDE OF PLAINFIELD AVE.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1999
Roof Type: Arched

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,734 41,431 123,711
Median Age: 38.44 40.16 35.7
Households: 3,484 16,035 47,743
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.