Medical Office Suite with Exam
For Sale
Contact for pricing
1445 Sheldon Road #101, Grand Haven, MI 49417
Main-level clinical suite with patient reception, treatment rooms, storage, and an ADA-compliant restroom.
Property Size2,449 SF
Price / SF$0.01
Days on Market54
Property Features for 1445 Sheldon Road #101
General Information
Standard status
Active
Size
2,449 SF
Additional Details
Floor
Main Level
Highway Access
Yes
Amenities
heated sidewalks
patient drop off/pickup area
Building Details
Tenancy
Multi
Listing Agency:
Capstone Real Estate LLC
Listed By:
David Ten Cate · License #6502325769
(616) 847-1031
Source:
Brendaharrisgroup
Added: Aug 30
Changed: Oct 3
Last Checked: Oct 20 at 8:30PM
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 Capstone Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,449 SF medical office suite occupies the main level of Harbor Dunes Medical Center. The layout includes a reception and waiting area, private office, four exam rooms with sinks, lab space, supply and storage rooms, an employee breakroom, and an in-suite ADA-compliant restroom. Floor-level windows bring natural light into the clinical and staff areas.
The property is located just west of US 31 and directly next to Trinity Health's Grand Haven Hospital campus. On-site parking, heated sidewalks, and a designated patient drop-off and pickup area support convenient access. The medical center also includes Dunewood Pharmacy, Shoreline Vision, and Mercy Health Partners as established long-term tenants. The suite is offered on an NNN lease, with tenants responsible for in-suite janitorial service, phone, and internet.
The property is located just west of US 31 and directly next to Trinity Health's Grand Haven Hospital campus. On-site parking, heated sidewalks, and a designated patient drop-off and pickup area support convenient access. The medical center also includes Dunewood Pharmacy, Shoreline Vision, and Mercy Health Partners as established long-term tenants. The suite is offered on an NNN lease, with tenants responsible for in-suite janitorial service, phone, and internet.
Key Highlights
- 2,449 SF medical office suite on the main level
- Four exam rooms, each with a sink, plus a separate lab room
- Reception and waiting area, private office, supply rooms, storage, and employee breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,307
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,140
$406.1K
Cap Rate 7%
$290,100
$290.1K
Cap Rate 9%
$225,633
$225.6K
Market Conditions
NOI Build-Up for 2,449 SF
Gross rent
$35.9K $14.64/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$33.8K $13.82/SF
− OpEx
−$13.5K −$5.53/SF
NOI
$20.3K $8.29/SF
Area
Ottawa County, MI
Vacancy
5.60%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,140
Cap Rate 7%
$290,100
Cap Rate 9%
$225,633
Alternative Uses
Best Use
Office B
$385.4K
$337.2K – $449.7K
NOI $26,979 @ 7.0% cap · market cap 134,895.00%
Second Best
Healthcare Medical
$290.1K
$253.8K – $338.5K
NOI $20,307 @ 7.0% cap · market cap 101,535.00%
Theoretical Best
Multifamily LT 5
$30.45M
$26.65M – $35.53M
NOI $2,131,779 @ 7.0% cap · market cap 10,658,895.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 49417, MI
32,406
Population
14,709
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
95%
High-School Grad
46.9 sq mi
ZIP Area
691
Density / Sq Mi
$84,476
Median Household Income
$45,392
Median Earnings
$1,101
Median Rent
$287,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- VetIQ Petcare — 15000 US Highway 31, Grand Haven, MI 49417
Frequently Asked Questions
What type of property is this?
Medical Office Space - Main-level clinical suite with patient reception, treatment rooms, storage, and an ADA-compliant restroom.
Where is this medical office space located?
The property is located at 1445 Sheldon Road #101 Grand Haven, MI.
What are key features of this property?
This property features: 2,449 SF medical office suite on the main level; Four exam rooms, each with a sink, plus a separate lab room; Reception and waiting area, private office, supply rooms, storage, and employee breakroom
