Office/Retail Building on Bustling
For Sale
$795,000
4551 Cascade Road SE, Grand Rapids, MI 49546
Office and retail zoned building in Forest Hills.
Property Size6,998 SF
Price / SF$113.60
Days on Market319
Property Features for 4551 Cascade Road SE
General Information
Standard status
Active
Size
6,998 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,998 SF
Year Built
1987
Listed By:
Kevin Lipke · License #MS #6502324464
(616) 293-5987
Source:
Svn
Added: Nov 21, 2025
Changed: Sep 9
Last Checked: Oct 5 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kevin Lipke
Investment Insights
Based on property information with market context.
This 6,998 square foot building is located on a bustling corridor and is zoned for both office and retail use. The property benefits from great signage opportunities. Situated in the heart of Forest Hills, the location offers proximity to the I-96/Cascade Road Interchange. The surrounding area includes retail, office, and residential properties.
Key Highlights
- Excellent location in the heart of Forest Hills.
- Zoned for both office and retail use.
- Great signage on Cascade Road and Forest Hill Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,407
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,140
$1.3M
Cap Rate 7%
$934,386
$934.4K
Cap Rate 9%
$726,744
$726.7K
Market Conditions
NOI Build-Up for 6,998 SF
Gross rent
$112.5K $16.08/SF
− Vacancy
−$25.3K −$3.62/SF
EGI
$87.2K $12.46/SF
− OpEx
−$21.8K −$3.12/SF
NOI
$65.4K $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 Rate 5%
$1,308,140
Cap Rate 7%
$934,386
Cap Rate 9%
$726,744
Alternative Uses
Best Use
Office B
$934.4K
$817.6K – $1.09M
NOI $65,407 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,683 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 49546, MI
35,536
Population
13,561
Households
2.6
Avg Household Size
38
Median Age
61%
College-Educated
96%
High-School Grad
17.9 sq mi
ZIP Area
1,985
Density / Sq Mi
$97,386
Median Household Income
$48,008
Median Earnings
$1,275
Median Rent
$389,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Office and retail zoned building in Forest Hills.
Where is this office building located?
The property is located at 4551 Cascade Road SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Excellent location in the heart of Forest Hills.; Zoned for both office and retail use.; Great signage on Cascade Road and Forest Hill Avenue.
