Grandville Office Building For
4301 Canal Avenue SW Grandville, MI 49418
For Sale
$2,950,000
COMMERCIAL - Grandville, MI
Property Size16,032 SF
Lot Size1.28 Acres
Price / SF$184.01
Days on Market326
Property Features for 4301 Canal Avenue SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
- Standard status
- Active
- APN
- 41-17-19-377-007
- Size
- 16,032 SF
- Lot size
- 1.28 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- UNITs 1 -7* CANAL BUSINESS CENTRE KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.453 LIBER 4590 PAGE 408
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water front features
- Pond
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 7
Listing Agency:
Keller Williams Realty Rivertown
(616) 288-3244
Listed By:
G.Larry Branscombe
(616) 299-6846
Added: Sep 1, 2025
Changed: May 13
Last Checked: Jul 23 at 6:06PM
MLS# 26014878
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 is an excellent office building for sale, offering high visibility and ample parking. The property is currently 98.8% leased with a solid tenant mix. There is a possibility for condo diversification. The primary lease for the first floor is long term. Short term rentals are also available. Leases are gross. Two smaller office suites are available, Suite C with approximately 100 square feet and Suite H with 80 square feet. The building features heated sidewalks, an elevator, and handicap accessibility. It also includes two exterior staircases for easy after-hours access and two kitchens. A fountain is located in the pond. The property was completely remodeled in 2014. The lot size is 1.28 acres. The building size is 16,032 square feet.
Key Highlights
- Fully Leased with Solid Tenant Mix (98.8% occupancy)
- High Visibility Location
- Possibility for Condo Diversification
Financial Insights For Office B
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 | $234.7k | $14.64 |
| − Vacancy | −$21.1k | −$1.32 |
| EGI | $213.6k | $13.32 |
| − OpEx | −$53.4k | −$3.33 |
| NOI | $160.2k | $9.99 |
16,032 SF · lease $14.64/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,189 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,720 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - High visibility, fully leased office building with strong tenant mix.
Where is this office building located?
The property is located at 4301 Canal Avenue SW Grandville, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Fully Leased with Solid Tenant Mix (98.8% occupancy); High Visibility Location; Possibility for Condo Diversification
