Multi-Tenant Office
2426 Burton Street SE Grand Rapids, MI 49546
2426 Burton Street SE, Grand Rapids, MI, 49546
$1,000,000
For Sale
$1,000,000
COMMERCIAL - Grand Rapids, MI
Property Size4,081 SF
Lot Size0.53 Acres
Price / SF$245.04
Days on Market114
Property Features for 2426 Burton Street SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 7
- Rooms
- Bathroom 1, Basement, Bathroom 7, Bathroom 6, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 3
- Parking
- 30
- Interior features
- Broadband
- Standard status
- Active
- APN
- 41-18-10-101-006
- Size
- 4,081 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 7* RIDGEMOOR PROFESSIONAL PARK
- Tax Annual Amount
- 12064
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1968
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Rubber
Listing agency
Ensley Real Estate
(616) 696-7653
Listed by
Laura E Ensley
(616) 293-5297
Added: Apr 1 Updated: Jul 9 at 3:27AM Checked: Jul 23 at 3:06AM
MLS# 26012987
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.
Investment Insights
Based on property information with market context.
This multi-tenant commercial office building offers four individual suites, creating flexibility for both investors and owner-users. Suite 1 is occupied by a dental office, and Suite 3 is leased to a wellness center, providing existing rental income. Suites 2 and 4 are currently vacant and were previously used for dental-related operations, making them well-suited for similar professional use or other professional office configurations.
The property is located at 2426 Burton Street SE in Grand Rapids and benefits from visibility along a high-traffic corridor with convenient access to major roadways. The surrounding area includes residential neighborhoods and local businesses.
With a compact, four-suite layout and a tenant mix that includes medical or wellness-oriented operations, the building presents a straightforward option for buyers seeking a manageable, multi-tenant commercial property.
The property is located at 2426 Burton Street SE in Grand Rapids and benefits from visibility along a high-traffic corridor with convenient access to major roadways. The surrounding area includes residential neighborhoods and local businesses.
With a compact, four-suite layout and a tenant mix that includes medical or wellness-oriented operations, the building presents a straightforward option for buyers seeking a manageable, multi-tenant commercial property.
Key Highlights
- Multi‑tenant commercial building at 2426 Burton St SE in Grand Rapids with 4 suites
- Suites 1 and 3 are leased/occupied (Suite 1 dental office; Suite 3 wellness center)
- Suites 2 and 4 are currently vacant; previously used for dental‑related operations
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.7k | $21.00 |
| − Vacancy | −$6.0k | −$1.47 |
| EGI | $79.7k | $19.53 |
| − OpEx | −$31.9k | −$7.81 |
| NOI | $47.8k | $11.72 |
4,081 SF · lease $21.00/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$683.2K
$597.8K – $797.0K
NOI $47,821 @ 7.0% cap · market cap 4.78%
Second Best
Office B
$544.9K
$476.8K – $635.7K
NOI $38,143 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$947.1K
$828.7K – $1.10M
NOI $66,296 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wiersma Dental Laboratory
Dental Office
Linda Hegstrand, MD, ...
Physician
Eastern Dental PLC
Dental Office
Robert S Strobel ...
Dental Office
Dr. David Boone
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Four-suite commercial building positioned on a high-traffic corridor with suites suited for medical or professional office use.
Where is this office units located?
The property is located at 2426 Burton Street SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Multi‑tenant commercial building at 2426 Burton St SE in Grand Rapids with 4 suites; Suites 1 and 3 are leased/occupied (Suite 1 dental office; Suite 3 wellness center); Suites 2 and 4 are currently vacant; previously used for dental‑related operations
