Well-Maintained Office Building For
4211 Division Ave N Comstock Park, MI 49321
4211 Division Ave N, Comstock Park, MI, 49321
$1,250,000
For Sale
$1,250,000
Three-suite office building with high visibility and ample parking.
Property Size4,900 SF
Lot Size1.54 Acres
Price / SF$255.10
Days on Market115
Property Features for 4211 Division Ave N
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Lot size
- 1.54 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing Agency
Greenridge Realty Inc.
(616) 262-5488
Listed by
Lance M Tiffany
(616) 262-5488
Source
Elliman
Added: Mar 24 Checked: Jul 16 at 10:38 am
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 Greenridge Realty Inc.
Investment Insights
Based on property information with market context.
This is a beautifully maintained three-suite office building that offers high visibility and ample parking. It is located across the street from the U of M Health facility. Two suites are currently leased, with one remaining space available, offering 4,900 square feet. An additional 6,000 square feet is available for storage. This property presents a great opportunity for an investor or an owner/user.
Key Highlights
- High visibility location across the street from U of M Health facility.
- Two suites are currently leased, providing immediate income.
- Opportunity for investor or owner/user.
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 | $71.7k | $14.64 |
| − Vacancy | −$6.5k | −$1.32 |
| EGI | $65.3k | $13.32 |
| − OpEx | −$16.3k | −$3.33 |
| NOI | $49.0k | $9.99 |
4,900 SF · lease $14.64/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$876.4K
$766.9K – $1.02M
NOI $61,348 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Talcott Consulting
Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-suite office building with high visibility and ample parking.
Where is this office building located?
The property is located at 4211 Division Ave N Comstock Park, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High visibility location across the street from U of M Health facility.; Two suites are currently leased, providing immediate income.; Opportunity for investor or owner/user.
