Building Details

Year Built 1996

Listing Agency: NAI Wisinski of West Michigan - Grand Rapids

Listed By: Christopher Prins · License #MI 6501330745 Show Phone

Source: Crexi

Added: Jul 7 Changed: Aug 23 Last Checked: Sep 1 at 12:07AM

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Investment Insights

Based on property information with market context.

This offering consists of an office building listed as an investment sale. The property is being marketed with an indicated 8.4% cap rate and a stated list price.

The asset is located at 211 West Pine Lake Drive in Newaygo, Michigan (49337).

Key Highlights

• Office building built in 1996
• Investment sale marketed with an indicated 8.4% cap rate

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Kitchen & Bath Showroom Furniture & Home Goods Bakery Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

223

Businesses Nearby

Explore this area Business Placement

Demographics for 49337, MI

12,854

Population

6,688

Households

1.9

Avg Household Size

44

Median Age

18%

College-Educated

90%

High-School Grad

110.3 sq mi

ZIP Area

117

Density / Sq Mi

$64,442

Median Household Income

$38,034

Median Earnings

$1,021

Median Rent

$191,000

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - For sale office building marketed as an investment opportunity with an indicated cap rate.

Where is this office building located?

The property is located at 211 West Pine Lake Drive Newaygo, MI.

What is the asking price?

The asking price for this property is $1,875,000.

What are key features of this property?

This property features: Office building built in 1996; Investment sale marketed with an indicated 8.4% cap rate