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211 W Pine Lake Dr 8,727 SF Health Care Building Offered at $1,875,000 at a 8.40% Cap Rate in Newaygo, MI 49337



Executive Summary
NAI Wisinski presents the investment sale of a single-tenant medical office building ideally situated on W Pine Lake Drive in Newaygo, Michigan. The property consists of approximately 8,726 SF with an additional 1,290 SF basement and is 100% leased to Corewell Health.
This well-maintained asset serves as the primary urgent care destination for Newaygo and the surrounding communities, and also accommodates family medicine/primary care and physical therapy services. Corewell Health is a leading healthcare provider in Michigan, operating a comprehensive, patient-centered care model and employing a large regional workforce—providing strong tenant stability and long-term credit strength.
Property features and investment highlights:
• 100% occupied single-tenant medical office (Corewell Health). Lease expires 10/31/2031
• Total building area: ~8,726 SF; basement: ~1,290 SF
• Premier medical use: urgent care hub plus primary care and physical therapy
• Prominent exposure: high-visibility pylon sign on W Pine Lake Drive
• Excellent vehicle access and strong placement within a successful mixed-use development
• Attractive, well-maintained architecture and clinical buildout tailored to healthcare operations
This offering presents a compelling opportunity to own a stabilized medical office leased to a high-credit regional health system in a primary community location.
Contact NAI Wisinski for pricing, lease details, and to schedule a tour.
This well-maintained asset serves as the primary urgent care destination for Newaygo and the surrounding communities, and also accommodates family medicine/primary care and physical therapy services. Corewell Health is a leading healthcare provider in Michigan, operating a comprehensive, patient-centered care model and employing a large regional workforce—providing strong tenant stability and long-term credit strength.
Property features and investment highlights:
• 100% occupied single-tenant medical office (Corewell Health). Lease expires 10/31/2031
• Total building area: ~8,726 SF; basement: ~1,290 SF
• Premier medical use: urgent care hub plus primary care and physical therapy
• Prominent exposure: high-visibility pylon sign on W Pine Lake Drive
• Excellent vehicle access and strong placement within a successful mixed-use development
• Attractive, well-maintained architecture and clinical buildout tailored to healthcare operations
This offering presents a compelling opportunity to own a stabilized medical office leased to a high-credit regional health system in a primary community location.
Contact NAI Wisinski for pricing, lease details, and to schedule a tour.
Property Facts
| Price | $1,875,000 | Lot Size | 2.19 AC |
| Price Per Bed | $1,875,000 | Building Size | 8,727 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 8.40% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1996 |
| Property Subtype | Skilled Nursing Facility | Parking Ratio | 3.44/1,000 SF |
| Building Class | C | ||
| Zoning | B-2 | ||
| Price | $1,875,000 |
| Price Per Bed | $1,875,000 |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | C |
| Lot Size | 2.19 AC |
| Building Size | 8,727 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 3.44/1,000 SF |
| Zoning | B-2 |
Amenities
- Wheelchair Accessible
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 19-30-125-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $517,700 |
Property Taxes
Parcel Number
19-30-125-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$517,700
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211 W Pine Lake Dr
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