Main-Level Office
For Sale
Contact for pricing
14998 Cleveland Street F, Spring Lake, MI 49456
An open-plan workspace includes a private restroom, storage, generous glazing, and shared access through a breezeway.
Property Size1,100 SF
Price / SF$0.01
Days on Market25
Property Features for 14998 Cleveland Street F
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
Main level
Office Units
1
Property Use
Office
Amenities
private bathroom
storage closet
large windows
roadside and entrance signage
Building Details
Year Built
2002
Tenancy
Multi
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 28 at 2:57PM
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 GoodHome Realty, LLC
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Investment Insights
Based on property information with market context.
This office condominium provides a main-level workspace with an open layout, 9-foot ceilings, a private bathroom, a storage closet, and large windows. Entry is through a breezeway shared with the suite below, as are utilities. The building dates to 2002 and is part of Grand River Professional Suites.
The property is on M-104 in Spring Lake Township, with access from the road. Roadside, building, and entrance-door signage opportunities are available. The office also has access to parking, while association fees, taxes, management, lawn care, and refuse are paid by the landlord.
The property is on M-104 in Spring Lake Township, with access from the road. Roadside, building, and entrance-door signage opportunities are available. The office also has access to parking, while association fees, taxes, management, lawn care, and refuse are paid by the landlord.
Key Highlights
- Main‑level office condominium in Grand River Professional Suites
- Open‑plan area with 9‑foot ceilings, large windows, private bathroom, and storage closet
- Breezeway entry and utilities shared with the suite below
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,360
$242.4K
Cap Rate 7%
$173,114
$173.1K
Cap Rate 9%
$134,644
$134.6K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$18.7K $17.04/SF
− Vacancy
−$2.6K −$2.35/SF
EGI
$16.2K $14.69/SF
− OpEx
−$4.0K −$3.67/SF
NOI
$12.1K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,360
Cap Rate 7%
$173,114
Cap Rate 9%
$134,644
Alternative Uses
Best Use
Office B
$173.1K
$151.5K – $202.0K
NOI $12,118 @ 7.0% cap · market cap 93,215.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.68M
$11.97M – $15.96M
NOI $957,516 @ 7.0% cap · market cap 7,365,507.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 49456, MI
19,727
Population
9,776
Households
2
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
780
Density / Sq Mi
$85,807
Median Household Income
$50,887
Median Earnings
$1,184
Median Rent
$294,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - An open-plan workspace includes a private restroom, storage, generous glazing, and shared access through a breezeway.
Where is this office unit located?
The property is located at 14998 Cleveland Street F Spring Lake, MI.
What are key features of this property?
This property features: Main‑level office condominium in Grand River Professional Suites; Open‑plan area with 9‑foot ceilings, large windows, private bathroom, and storage closet; Breezeway entry and utilities shared with the suite below
