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1555 44th St SW
Grand Rapids, MI 49509
Office Property For Sale

Investment Highlights

  • Attractive Cap Rate: 10.75% capitalization rate, offering a competitive return on investment.
  • Modern and well-maintained building, reflecting a professional and upscale image.
  • Prime Location: Situated in a thriving medical corridor, offering excellent visibility.
  • Originally built in 1992 and thoughtfully remodeled in 2020.
  • Strong Tenant: Grand Rapids Ear, Nose, and Throat is a well-established and reputable medical practice.

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
9,466 SF
Building Class
B
Year Built/Renovated
1980/2020
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,466 SF
Slab To Slab
10’
Building FAR
0.19
Lot Size
1.16 AC
Zoning
Commercial - Commercial Zoned District
Parking
66 Spaces (8.33 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Reception
  • Central Heating
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
41-17-23-355-042
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$438,000
  • Listing ID: 33396625

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 1555 44th St SW, Grand Rapids, MI 49509

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