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Leased Office Building
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3001 Orchard Vista Dr SE, Grand Rapids, MI 49546

Primary tenancy is supported by a long-term lease with room for expansion within the property.

Property SizeContact for details
Days on Market144

Property Features for 3001 Orchard Vista Dr SE

General Information

Standard status Active
Property subtype Office
Listing Agency: Matt VanWoerkom
Listed By: Matt VanWoerkom · License #6502431813
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:53PM

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 Matt VanWoerkom

Investment Insights

Based on property information with market context.

This office building is occupied by a primary tenant under a long-term lease, with additional capacity for that tenant to expand within the property. The existing lease supports an income-producing configuration while leaving operational flexibility for future occupancy needs.

Most mechanical systems and the roof were replaced within approximately the past five years, addressing major building components and limiting deferred maintenance concerns. The property recorded a 7.5% cap rate in 2023; that figure was affected by rent discounts provided during a 2022 build-out period.

Key Highlights

  • Primary tenant has a long‑term lease in place
  • Additional space allows the existing tenant to expand within the property
  • 2023 cap rate of 7.5%

Property Analytics

Current Use

TGW Systems Inc. Material Handling Equipment Supplier CannaLex Law Firm Ryerson Factory Journey Retirement Plan ... Accounting Firm BB Telephony Solutions ... Title Company

Suggested Use

Top Pick Dental Office Building Supply Storage Facility Garden Center Plumbing Service Kitchen & Bath Showroom

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

793
Businesses Nearby

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

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
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Frequently Asked Questions

What type of property is this?
Office building - Primary tenancy is supported by a long-term lease with room for expansion within the property.
Where is this office building located?
The property is located at 3001 Orchard Vista Dr SE Grand Rapids, MI.
What are key features of this property?
This property features: Primary tenant has a long‑term lease in place; Additional space allows the existing tenant to expand within the property; 2023 cap rate of 7.5%
More about this property
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