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58540 Van Dyke Ave
Washington, MI 48094
Office Property For Sale
Investment Highlights
- Multi-Tenant Premier Office Building - 100% Occupied
- Land Contract Available
- Updated Building, Low Maintenance
Executive Summary
8540 VAN DYKE AVE, WASHINGTON, MI 48084
• 100% occupied multi-tenant premier office building.
• Updated building with low maintenance.
• Land contract available.
• 15 parking spaces, plus extra parking agreement in place provides an additional 60 spaces.
• All new building mechanical systems:
- Roof replaced in 2020
- New asphalt parking lot in 2023, resealed in 2026.
- High efficiency HVAC including 12 rooftop units replaced in 2022.
- New boiler in 2020 for heated sidewalks/walkway and radiant heating in lower level.
- 4 RGF cleaners in ductwork in 2021, elevator added in 2000.
- State-of-the-art camera and alarm system with automatic door locks
- T-1 line for communications system.
• 100% occupied multi-tenant premier office building.
• Updated building with low maintenance.
• Land contract available.
• 15 parking spaces, plus extra parking agreement in place provides an additional 60 spaces.
• All new building mechanical systems:
- Roof replaced in 2020
- New asphalt parking lot in 2023, resealed in 2026.
- High efficiency HVAC including 12 rooftop units replaced in 2022.
- New boiler in 2020 for heated sidewalks/walkway and radiant heating in lower level.
- 4 RGF cleaners in ductwork in 2021, elevator added in 2000.
- State-of-the-art camera and alarm system with automatic door locks
- T-1 line for communications system.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
7,512 SF
Building Class
B
Year Built
1900
Price
$975,000
Price Per SF
$129.79
Cap Rate
8.76%
NOI
$85,431
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,504 SF
Slab To Slab
10’
Building FAR
0.78
Lot Size
0.22 AC
Zoning
V1 - Commercial, Office
Parking
100 Spaces (13.31 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | 24-04-34-151-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $420,300 |
Property Taxes
Parcel Number
24-04-34-151-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$420,300
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