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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.

Property Facts

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
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
19-30-125-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$517,700
  • Listing ID: 41023934

  • Date on Market: 6/23/2026

  • Last Updated:

  • Address: 211 W Pine Lake Dr, Newaygo, MI 49337

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