Corner Office/Retail Building
For Sale
$414,700
758 Burton Street SE, Grand Rapids, MI 49507
COMMERCIAL - Grand Rapids, MI
Property Size3,540 SF
Lot Size0.11 Acres
Price / SF$117.15
Days on Market62
Property Features for 758 Burton Street SE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Basement
Parking
7
Subdivision
Dorans Assrs
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Standard status
Active
APN
41-18-07-227-047
Size
3,540 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1209 DORAN'S ASSESSOR'S PLAT NO. 40. Split 11/16/2018 from parcels 41-18-07-227-048 & 049.
Tax Annual Amount
6202
Legal Description
LOT 1209 DORAN'S ASSESSOR'S PLAT NO. 40. Split 11/16/2018 from parcels 41-18-07-227-048 & 049.
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1935
Number of units
2
Building materials
Concrete, Metal Siding
Listing Agency:
RE/MAX of Grand Rapids (FH) · RE/MAX International
(616) 957-0700
Listed By:
Margaret E Peric
(616) 204-9792
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 18 at 12:06PM
MLS# 26030485
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 for-sale corner property includes two parcels: 758 Burton St SE and the adjoining parcel at 2007 Eastern Ave SE. The building contains three separately controlled HVAC zones with independent thermostats, along with 10 private offices, a conference room, a breakroom, and four restrooms. Recent capital improvements include a new roof installed in 2023 and three rooftop HVAC units replaced in 2017, 2022, and 2023. Seven designated parking spaces are available for lease.
The property is located on the highly visible corner of Burton and Eastern, benefiting from approximately 15,000 vehicles per day. It is within a designated Opportunity Zone and provides convenient access to downtown Grand Rapids and major transportation routes.
The configuration supports a range of tenant and buyer objectives, including office use, retail or service operations, or redevelopment planning. With multiple HVAC zones and dedicated office space, it can also suit owner-users seeking functional day-to-day space while maintaining flexibility for changing occupancy needs. Seller financing is available, which may help facilitate qualification and closing for appropriate buyers.
The property is located on the highly visible corner of Burton and Eastern, benefiting from approximately 15,000 vehicles per day. It is within a designated Opportunity Zone and provides convenient access to downtown Grand Rapids and major transportation routes.
The configuration supports a range of tenant and buyer objectives, including office use, retail or service operations, or redevelopment planning. With multiple HVAC zones and dedicated office space, it can also suit owner-users seeking functional day-to-day space while maintaining flexibility for changing occupancy needs. Seller financing is available, which may help facilitate qualification and closing for appropriate buyers.
Key Highlights
- Dual‑parcel offering: 758 Burton St SE plus adjoining parcel at 2007 Eastern Ave SE
- Highly visible corner location at Burton & Eastern with approx. 15,000 vehicles per day
- Recent upgrades: new roof in 2023; rooftop HVAC units replaced in 2017, 2022, and 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,087
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,740
$661.7K
Cap Rate 7%
$472,671
$472.7K
Cap Rate 9%
$367,633
$367.6K
Market Conditions
NOI Build-Up for 3,540 SF
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.
Gross rent
$56.9K $16.08/SF
− Vacancy
−$12.8K −$3.62/SF
EGI
$44.1K $12.46/SF
− OpEx
−$11.0K −$3.12/SF
NOI
$33.1K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,740
Cap Rate 7%
$472,671
Cap Rate 9%
$367,633
Alternative Uses
Best Use
Office B
$472.7K
$413.6K – $551.5K
NOI $33,087 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$821.5K
$718.8K – $958.5K
NOI $57,507 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 49507, MI
38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Corner dual-parcel property with multiple HVAC zones, private offices, and parking for flexible office or retail use.
Where is this office building located?
The property is located at 758 Burton Street SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $414,700.
What are key features of this property?
This property features: Dual‑parcel offering: 758 Burton St SE plus adjoining parcel at 2007 Eastern Ave SE; Highly visible corner location at Burton & Eastern with approx. 15,000 vehicles per day; Recent upgrades: new roof in 2023; rooftop HVAC units replaced in 2017, 2022, and 2023
