Cascade Office Park
For Sale
$3,857,000
2600 Horizon Drive SE, Grand Rapids, MI 49546
30,857 SF office building in Cascade Office Park.
Property Size30,857 SF
Price / SF$124
Days on Market194
Property Features for 2600 Horizon Drive SE
General Information
Standard status
Active
Size
30,857 SF
Total Parking Spaces
148
Property subtype
Office
Zoning
PUD-29
Amenities
Power
Water
Sewer
Natural Gas
148 Parking Spaces
Building Details
Year Built
1986
Listing Agency:
The Hinman Company - Grand Rapids
Listed By:
Kirk Driesenga · License #6501338211
(616) 443-6986
Source:
Carwm.resimplifi
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 5 at 3:18PM
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 The Hinman Company - Grand Rapids
Investment Insights
Based on property information with market context.
Located in the Cascade Office Park, this building offers 30,857 square feet of space across two floors. The layout includes a combination of open office areas and private offices. The property benefits from visibility on I-96 and provides convenient access to both 28th Street and Patterson Avenue, facilitating ease of entry and exit. Its location is near the I-96/28th Street interchange. A significant amount of parking is available.
Key Highlights
- Highly visible location on I‑96.
- Convenient access to both 28th St and Patterson Ave.
- Close proximity to the I‑96/28th St interchange.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,405
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,768,100
$5.8M
Cap Rate 7%
$4,120,071
$4.1M
Cap Rate 9%
$3,204,500
$3.2M
Market Conditions
NOI Build-Up for 30,857 SF
Gross rent
$496.2K $16.08/SF
− Vacancy
−$111.6K −$3.62/SF
EGI
$384.5K $12.46/SF
− OpEx
−$96.1K −$3.12/SF
NOI
$288.4K $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%
$5,768,100
Cap Rate 7%
$4,120,071
Cap Rate 9%
$3,204,500
Alternative Uses
Best Use
Office B
$4.12M
$3.61M – $4.81M
NOI $288,405 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.16M
$6.27M – $8.35M
NOI $501,272 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 30,857 SF office building in Cascade Office Park.
Where is this office building located?
The property is located at 2600 Horizon Drive SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $3,857,000.
What are key features of this property?
This property features: Highly visible location on I‑96.; Convenient access to both 28th St and Patterson Ave.; Close proximity to the I‑96/28th St interchange.
