Remodeled Office
4301 Canal Avenue SW, Grandville, MI 49418
For Sale
$2,950,000
Commercial Sale, Grandville, MI
Property Size16,032 SF
Lot Size1.28 Acres
Price / SF$184.01
Days on Market438
Property Features for 4301 Canal Avenue SW
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Utilities
Heating system
Cooling system
Water front features
Amenities
Heated sidewalks
Handicap accessibility
Two exterior staircases for easy access after hours
Two kitchens
Fountain in the Pond
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty Rivertown
(616) 288-3244
Listed By:
G.Larry Branscombe · License MI #6502381307
(616) 299-6846
Added: Sep 1, 2025
Changed: Oct 30
Last Checked: Nov 12 at 7:06AM
MLS# 26014878
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The office building at 4301 Canal Avenue SW contains 16,032 square feet on a 1.28-acre parcel. Constructed in 1986 and completely remodeled in 2014, the property includes an elevator, handicap-accessible features, heated sidewalks, two exterior staircases, and two kitchens. Forced-air heating and central air conditioning serve the building, which also includes cable availability and a pond feature.
Occupancy is reported at 98.8%, with Suite C measuring approximately 100 square feet and Suite H approximately 80 square feet available. Existing leases are structured on a gross basis, and the property includes bathroom facilities and parking. The Grandville property is located in Kent County, Michigan.
Occupancy is reported at 98.8%, with Suite C measuring approximately 100 square feet and Suite H approximately 80 square feet available. Existing leases are structured on a gross basis, and the property includes bathroom facilities and parking. The Grandville property is located in Kent County, Michigan.
Key Highlights
- 16,032‑square‑foot office building on 1.28 acres
- 98.8% leased with Suite C approximately 100 square feet and Suite H 80 square feet available
- Completely remodeled in 2014; originally built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,189
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,203,780
$3.2M
Cap Rate 7%
$2,288,414
$2.3M
Cap Rate 9%
$1,779,878
$1.8M
Market Conditions
NOI Build-Up for 16,032 SF
Gross rent
$234.7K $14.64/SF
− Vacancy
−$21.1K −$1.32/SF
EGI
$213.6K $13.32/SF
− OpEx
−$53.4K −$3.33/SF
NOI
$160.2K $9.99/SF
Area
Kent County, MI
Vacancy
9.00%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,203,780
Cap Rate 7%
$2,288,414
Cap Rate 9%
$1,779,878
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,189 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,720 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
98.8%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 49418, MI
30,520
Population
12,801
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$83,485
Median Household Income
$48,260
Median Earnings
$1,218
Median Rent
$296,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Kent County, MI
Properties on Market for Office buildings in Kent County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Elevator service, dual kitchens, and handicap accessibility support the existing office layout.
Where is this office building located?
The property is located at 4301 Canal Avenue SW Grandville, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 16,032‑square‑foot office building on 1.28 acres; 98.8% leased with Suite C approximately 100 square feet and Suite H 80 square feet available; Completely remodeled in 2014; originally built in 1986
