Medical Office Space
For Lease
$16 SF/Yr Modified Gross
255 Washington St SE, Grand Rapids, MI 49503
Medical office space with treatment rooms, lab, and kitchenette.
Space SizeContact for details
Days on Market779
Property Features for 255 Washington St SE
General Information
Standard status
Active
Total Parking Spaces
30
Property subtype
Office
Zoning
TCC
Lease Type
Modified Gross
Amenities
Power
Water
Sewer
Natural Gas
30 Parking Spaces
Building Details
Year Built
1950
Spaces For Lease
at 255 Washington St SE
Available Space
$16/Mo
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Paul Oosterbaan
(616) 575-7054
Source:
Carwm.resimplifi
Added: Sep 3, 2024
Changed: Oct 1
Last Checked: Oct 20 at 5:18PM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This commercial real estate offers medical office space featuring four treatment rooms, a waiting/reception area, a lab, and a kitchenette. Ample on-site parking is available. The property is located in the Heritage Hill neighborhood.
Key Highlights
- Four treatment rooms offer versatile space.
- Features a waiting/reception area.
- Includes a lab and kitchenette.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,225
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Grand Rapids, MI
$18.45 /SF/Yr
Avg Asking Price
$10.66–$23.95 /SF/Yr
Price Range
22,949 SF
Avg Space Size
This space is priced 13% below the average of $18.45 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Grand Rapids Veterinary Care Service — 230 Fulton St E, Grand Rapids, MI 49503
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space with treatment rooms, lab, and kitchenette.
Where is this medical office space located?
The property is located at 255 Washington St SE Grand Rapids, MI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Four treatment rooms offer versatile space.; Features a waiting/reception area.; Includes a lab and kitchenette.
