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    1352 Baldwin Street Jenison, MI 49428

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    For Lease
    $19 SF/Yr $1,393/Mo (calc)

    COMMERCIAL - Jenison, MI

    Type:Office
    Property size:
    880 SF
    Lot size:
    2.84 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    48
    Last Refresh:
    May 6 at 10:06 am

    Property Features for 1352 Baldwin Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Fireplace
    1
    Standard status
    Active
    APN
    70-14-14-329-016
    Size
    880 SF
    Lot size
    2.84 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 16 BOULDER BLUFF CENTRE, AS AMENDED, MASTER DEED RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS LIBER 1080 PAGES 660-696 CONDOMINIUM SUBDIVISION PLAN NO. 83. SEC 14 T6N R13W

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Building materials
    Brick, Stone
    Roof type
    Composition

    We can help!

    Listing Contact
    Jack Groot
    Jack Groot

    Listing agent Jack Groot

    Listing office Groot Realty LLC 971 Rosewood St., MI

    Listing date Mar 20, 2026

    MLS# 26011018

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jenison Office Suite For Rent

    This professional office suite, located in Boulder Bluff Centre in Jenison, Michigan, offers approximately 880 square feet of space. The well-laid-out suite features three offices, providing an ideal environment for small businesses or growing teams. The suite includes access to a shared bathroom and a large breakroom-kitchen area. Ample on-site parking is available. The location is approximately 13 minutes from downtown Grand Rapids. The lease is modified gross. Utilities, including gas and electric, are estimated at $75 to $125 per month based on prior use. Water and sewer are included in the lease. The tenant is responsible for phone and internet services. Shared snow removal is provided for the 10' x 4' front entry, with tools and salt provided. The space is clean, functional, and ready for immediate occupancy. The property is situated on a 2.84-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jenison
    County
    Ottawa
    State
    Michigan
    Longitude
    -85.815975
    Latitude
    42.906745

    Nearby Similar for Lease

    • $17 SF/Yr

      Office Space Available For Rent

      Office space for rent with 1993 square feet area.
      501 Baldwin Street, Jenison, MI, 49428
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, 3,262 SqFt.
      570 Baldwin St, Jenison, MI 49428
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease.
      7537 20th Ave, Jenison, MI 49428
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suite in Jenison, MI, ready for occupancy.
    Where is this office units located?
    The property is located at 1352 Baldwin Street Jenison, MI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime location: Just 13 minutes from downtown Grand Rapids.; Well‑laid‑out 3‑office suite: Ideal for small businesses or growing teams.; Ample on‑site parking.
    (616) 340-4772
    We can help!
    Listing Contact
    Jack Groot
    Jack Groot
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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