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549 Seminole Rd 1,084 SF Office/Medical Condo Unit Offered at $138,500 in Muskegon, MI 49444
Investment Highlights
- Park-like setting, easy access, and good a. Annual bumps in rent of 3%
- Attractive building is part of Seminole Woods Office Park. Open and airy, recently remodeled, ample parking, easy access off Seaway Dr.
Executive Summary
Attractive brick building is a part of Professional condo Association known as Seminole Woods Office Park. This suite is known as suite 103, it is airy, recently updated, located at the rear of the building and is quiet, overlooking natural landscaping and has a separate employee entrance. There is extra storage alloted to this suite in the upper level of the building. Located with easy access off Seaway Drive. Current tenant is Alzheimer's Association, Great Lakes Chapter-since 2018.(excellent tenant) Lease has annual bumps of 3%.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 50 |
| Cap Rate | 7.32% | APN/Parcel ID | 2776700000050 |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| No. Parking Spaces | 50 |
| APN/Parcel ID | 2776700000050 |
Description
Attractive building is part of Seminole Woods Office Park. Office condo is open & airy, recently remodeled, ample parking, easy access off Seaway Dr. Quiet location. High traffic area. Solid tenant. Annual bumps in rent.
Sale Notes
Prime investment property. Office condo.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 103 | 1,084 SF | Office/Medical | $138,500 ($127.77/SF) | $10,132 |
Unit 103
| Unit Size |
| 1,084 SF |
| Condo Use |
| Office/Medical |
| Price |
| $138,500 ($127.77/SF) |
| NOI |
| $10,132 |
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Unit 103
| Unit Size | 1,084 SF |
| Condo Use | Office/Medical |
| Price | $138,500 ($127.77/SF) |
| NOI | $10,132 |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| No. Parking Spaces | 50 |
| APN/Parcel ID | 2776700000050 |
| Description | |
| Attractive building is part of Seminole Woods Office Park. Office condo is open & airy, recently remodeled, ample parking, easy access off Seaway Dr. Quiet location. High traffic area. Solid tenant. Annual bumps in rent.</li></ul> | |
| Sale Notes | |
| Prime investment property. Office condo.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,300 SF | Typical Floor Size | 6,300 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Lot Size | 3.00 AC |
| Building Class | B | Parking Ratio | 10/1,000 SF |
| Floors | 1 | ||
| Zoning | Prof Office B - Institutional; Professional Service, Professional Office | ||
| Total Building Size | 6,300 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 6,300 SF |
| Year Built | 2005 |
| Lot Size | 3.00 AC |
| Parking Ratio | 10/1,000 SF |
| Zoning | Prof Office B - Institutional; Professional Service, Professional Office |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Alzheimers Disease & Rltd Disordors |
1,084 SF
|
December 2026
|
Contact
-
Bob Hendrick CCIM -
Berkshire Hathaway Clyde Hendrick REALTORS, Commercial Division
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Matterport 3D Exterior
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Street View
Street
Map
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549 Seminole Rd
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