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6273 W River Rd NE 4,304 SF Retail Building Belmont, MI 49306 $1,450,000 ($336.90/SF) 8% Cap Rate
Executive Summary
6273 West River Drive offers a rare opportunity for an owner-user to acquire a well-maintained medical office building in the highly desirable Belmont corridor just north of Grand Rapids. Currently configured as a veterinary clinic, the property features a functional layout ideal for medical, veterinary, or professional office use, with the potential for easy adaptation to a variety of users. Positioned along West River Drive with convenient access to US-131, the site provides strong visibility, accessibility, and ample on-site parking. With the building becoming available in the near term, this is a unique opportunity to establish a presence in a growing suburban market with limited inventory for owner-occupants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,304 SF
Building Class
C
Year Built
1989
Price
$1,450,000
Price Per SF
$336.90
Cap Rate
8%
NOI
$116,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.62 AC
Zoning
C-1 - Commercial
Parking
25 Spaces (6.01 Spaces per 1,000 SF Leased)
Frontage
43’ on River Rd
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-10-22-127-067 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $344,200 |
Property Taxes
Parcel Number
41-10-22-127-067
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$344,200
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6273 W River Rd NE
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