Medical Office Building with
New
For Sale
$1,595,000
16925 Ability Way, Grand Haven, MI 49417
Commercial Sale, Grand Haven, MI
Property Size7,560 SF
Lot Size1.56 Acres
Price / SF$210.98
Days on Market3
Property Features for 16925 Ability Way
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Parking
46
Interior features
Broadband
Elementary school district
Grand Haven
Middle school district
Grand Haven
High school district
Grand Haven
Directions
from 168th and Ability Way head west to property
Standard status
Active
APN
70-03-33-238-002
Size
7,560 SF
Lot size
1.56 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Medical Office
Medical Specialty
ABA, speech and language therapy, occupational therapy
Taxes and HOA fees
Tax Year
2026
Tax Description
Unit 2 Ability Way Condominium
Tax Annual Amount
22338
Legal Description
Unit 2 Ability Way Condominium
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
fenced exterior playground
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Roof type
Composition
Buildings
1
Listing Agency:
Liv Communities, LLC
Listed By:
Charles W May
(616) 846-6900
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 29 at 8:06AM
MLS# 26057051
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2020, this 7,560-square-foot medical office property occupies 1.56 acres and was configured for pediatric therapy services. The Shoreline Center operates the clinic under a five-year lease and provides applied behavior analysis, occupational therapy, and speech and language therapy. Interior features include four bathrooms, forced-air heating, central air, and broadband.
A fenced outdoor playground with equipment supports the clinic’s programming. The parcel also accommodates parking and family drop-off and pick-up activity.
A fenced outdoor playground with equipment supports the clinic’s programming. The parcel also accommodates parking and family drop-off and pick-up activity.
Key Highlights
- 7,560‑square‑foot medical office building constructed in 2020
- Single‑tenant property leased to The Shoreline Center under a five‑year lease
- 1.56‑acre parcel with parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,284
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,665,680
$1.7M
Cap Rate 7%
$1,189,771
$1.2M
Cap Rate 9%
$925,378
$925.4K
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$128.8K $17.04/SF
− Vacancy
−$17.8K −$2.35/SF
EGI
$111.0K $14.69/SF
− OpEx
−$27.8K −$3.67/SF
NOI
$83.3K $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%
$1,665,680
Cap Rate 7%
$1,189,771
Cap Rate 9%
$925,378
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,284 @ 7.0% cap · market cap 5.22%
Second Best
Healthcare Medical
$895.5K
$783.6K – $1.04M
NOI $62,688 @ 7.0% cap · market cap 3.93%
Theoretical Best
Multifamily LT 5
$94.01M
$82.26M – $109.68M
NOI $6,580,746 @ 7.0% cap · market cap 412.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
- Robbins Road Animal Clinic — 17076 Robbins Rd, Grand Haven, MI 49417
Frequently Asked Questions
What type of property is this?
Medical Office Space - The single-tenant clinic was designed for pediatric therapy services and includes space for family waiting areas.
Where is this medical office space located?
The property is located at 16925 Ability Way Grand Haven, MI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 7,560‑square‑foot medical office building constructed in 2020; Single‑tenant property leased to The Shoreline Center under a five‑year lease; 1.56‑acre parcel with parking
