Class A Office Investment
5211 Cascade Road SE Grand Rapids, MI 49546
5211 Cascade Road SE, Grand Rapids, MI, 49546
$6,200,000
For Sale
$6,200,000
COMMERCIAL - Grand Rapids, MI
Property Size45,814 SF
Lot Size6.40 Acres
Price / SF$135.33
Days on Market81
Property Features for 5211 Cascade Road SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Parking
- 107
- Interior features
- Broadband
- Standard status
- Active
- APN
- 41-15-31-451-016
- Size
- 45,814 SF
- Lot size
- 6.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PART OF SE 1/4 COM 978.85 FT W ALONG S SEC LINE FROM SE COR OF SW 1/4 SE 1/4 TH N 137.14 FT TH NELY 586.58 FT TO A PT ON
- Tax Annual Amount
- 85809
Utilities
- Heating system
- Heat Pump (Heating), Space Heater
- Cooling system
- Central Air
Building Details
- Year built
- 1997
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Brick, Stone
- Roof type
- Rubber
Listing Agency
Lakeshore Commercial Real Estate
(616) 394-4500
44 E 8th Street # 510, Holland, MI
Listed by
Michael Nagelkirk · License #6501194952
(616) 836-1122
Added: Apr 27 Checked: Jul 16 at 9:06 pm
MLS# 26018197
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 Class A, multi-tenant office asset presents an investment opportunity in the West Michigan market, offering stability and long-term upside. The property is located at the northeast corner of Cascade Road SE and Spaulding Avenue SE, benefiting from visibility, traffic counts, and access to I-96. The building encompasses 45,814 square feet, including 40,183 rentable square feet, and is situated on a 6.4-acre parcel, providing flexibility for expansion or repositioning. The multi-tenant configuration supports diversified income streams. Positioned within a commercial corridor and surrounded by national and regional businesses, the asset is suited to deliver cash flow with potential for rental growth. The property is located in Grand Rapids, MI.
Key Highlights
- Premier Class A multi‑tenant office building in West Michigan.
- Strategic location with exceptional visibility and immediate access to I‑96.
- Large 6.4‑acre parcel allows for future expansion or repositioning.
Local 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 | $736.7k | $16.08 |
| − Vacancy | −$165.8k | −$3.62 |
| EGI | $570.9k | $12.46 |
| − OpEx | −$142.7k | −$3.12 |
| NOI | $428.2k | $9.35 |
45,814 SF · lease $16.08/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.12M
$5.35M – $7.14M
NOI $428,201 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.63M
$9.30M – $12.40M
NOI $744,248 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grice Elizabeth
Insurance Agency
Integrated Design Solutions
Architecture Firm
Morgan Stanley
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
Mark Bremer
Real Estate Agency
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FAQs
What type of property is this?
Office building - Premier multi-tenant office asset in West Michigan for sale.
Where is this office building located?
The property is located at 5211 Cascade Road SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Premier Class A multi‑tenant office building in West Michigan.; Strategic location with exceptional visibility and immediate access to I‑96.; Large 6.4‑acre parcel allows for future expansion or repositioning.
