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 Market24
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
