Office Building for
For Sale
$1,000,000
2426 Burton Street SE, Grand Rapids, MI 49546
Well-suited for buyers seeking an office-focused property in Kent County with an available sale opportunity.
Property Size4,081 SF
Days on Market212
Property Features for 2426 Burton Street SE
General Information
Standard status
Active
Size
4,081 SF
Total Parking Spaces
30
Site & Location
Neighborhood
Ridgemoor
Taxes and HOA fees
Annual Taxes
$12,063
Amenities
Multi User Facility
Central Air
Natural Gas, Forced Air
Asphalt, Paved, Shared Driveway
Building Details
Building Size
4,081 SF
Year Built
1968
Buildings
1
Listing Agency:
Ensley Real Estate
Listed By:
Laura E Ensley · License #6502396036
(616) 293-5297
Source:
Evrealestate
Added: Apr 1
Changed: Oct 25
Last Checked: Oct 28 at 8:04AM
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 Ensley Real Estate
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 offering presents an office building and office space asset for sale, listed as commercial real estate and intended for office-oriented occupancy. The property is offered for purchase with the specific location provided in the listing materials at 2426 Burton Street SE in Grand Rapids, Michigan.
The asset is located in Kent County, within Grand Rapids, making it part of the area’s established office market. While the provided information does not specify building size, interior configuration, or onsite amenities, the property is clearly positioned as an office use opportunity based on its documented property types.
For potential buyers, this property may fit a range of office users or investors looking for an office-focused asset. Depending on the buyer’s plan, it can be considered for owner-occupancy, renovation, or repositioning within an office environment. Because detailed improvements, floor layout specifics, and lease status are not included in the provided remarks, due diligence on the current condition and available space would be an important next step for any underwriting or tenancy plan.
The asset is located in Kent County, within Grand Rapids, making it part of the area’s established office market. While the provided information does not specify building size, interior configuration, or onsite amenities, the property is clearly positioned as an office use opportunity based on its documented property types.
For potential buyers, this property may fit a range of office users or investors looking for an office-focused asset. Depending on the buyer’s plan, it can be considered for owner-occupancy, renovation, or repositioning within an office environment. Because detailed improvements, floor layout specifics, and lease status are not included in the provided remarks, due diligence on the current condition and available space would be an important next step for any underwriting or tenancy plan.
Key Highlights
- Office‑focused property in Kent County (CountyOrParish: Kent)
- Built in 1968
- Heating: natural gas and forced air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,143
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,860
$762.9K
Cap Rate 7%
$544,900
$544.9K
Cap Rate 9%
$423,811
$423.8K
Market Conditions
NOI Build-Up for 4,081 SF
Gross rent
$65.6K $16.08/SF
− Vacancy
−$14.8K −$3.62/SF
EGI
$50.9K $12.46/SF
− OpEx
−$12.7K −$3.12/SF
NOI
$38.1K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,860
Cap Rate 7%
$544,900
Cap Rate 9%
$423,811
Alternative Uses
Best Use
Office B
$544.9K
$476.8K – $635.7K
NOI $38,143 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$947.1K
$828.7K – $1.10M
NOI $66,296 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
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Business Placement
Demographics for 49546, MI
35,536
Population
13,561
Households
2.6
Avg Household Size
38
Median Age
61%
College-Educated
96%
High-School Grad
17.9 sq mi
ZIP Area
1,985
Density / Sq Mi
$97,386
Median Household Income
$48,008
Median Earnings
$1,275
Median Rent
$389,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Well-suited for buyers seeking an office-focused property in Kent County with an available sale opportunity.
Where is this office building located?
The property is located at 2426 Burton Street SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Office‑focused property in Kent County (CountyOrParish: Kent); Built in 1968; Heating: natural gas and forced air
