Class A Multi-Tenant Office
5211 Cascade Road SE Grand Rapids, MI 49546
For Sale
$6,200,000
COMMERCIAL - Grand Rapids, MI
Property Size45,814 SF
Lot Size6.40 Acres
Price / SF$135.33
Days on Market91
Property Features for 5211 Cascade Road SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Parking
- 107
- Interior features
- Broadband
- Standard status
- Active
- APN
- 41-15-31-451-016
- Size
- 45,814 SF
- Lot size
- 6.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PART OF SE 1/4 COM 978.85 FT W ALONG S SEC LINE FROM SE COR OF SW 1/4 SE 1/4 TH N 137.14 FT TH NELY 586.58 FT TO A PT ON
- Tax Annual Amount
- 85809
Utilities
- Heating system
- Heat Pump (Heating), Space Heater
- Cooling system
- Central Air
Building Details
- Year built
- 1997
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Brick, Stone
- Roof type
- Rubber
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Michael Nagelkirk · License #6501194952
(616) 836-1122
Added: Apr 27
Changed: Jul 25
Last Checked: Jul 26 at 9:06PM
MLS# 26018197
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.
Investment Insights
Based on property information with market context.
Class A, multi-tenant office building totaling 45,814 square feet, with 40,183 rentable square feet. The property is situated on a 6.4-acre parcel, providing room for scale and flexibility.
The asset is located at the northeast corner of Cascade Road SE and Spaulding Avenue SE, positioned within a well-established commercial corridor with surrounding national and regional businesses.
The multi-tenant configuration is designed to support diversified income streams within the West Michigan market.
The asset is located at the northeast corner of Cascade Road SE and Spaulding Avenue SE, positioned within a well-established commercial corridor with surrounding national and regional businesses.
The multi-tenant configuration is designed to support diversified income streams within the West Michigan market.
Key Highlights
- 45,814 SF building with 40,183 rentable SF in a multi‑tenant office configuration
- 6.4‑acre parcel provides space for scale and future expansion or repositioning
- Strategic corner location at Cascade Road SE and Spaulding Avenue SE
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $736.7k | $16.08 |
| − Vacancy | −$165.8k | −$3.62 |
| EGI | $570.9k | $12.46 |
| − OpEx | −$142.7k | −$3.12 |
| NOI | $428.2k | $9.35 |
45,814 SF · lease $16.08/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.12M
$5.35M – $7.14M
NOI $428,201 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.63M
$9.30M – $12.40M
NOI $744,248 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grice Elizabeth
Insurance Agency
Integrated Design Solutions
Architecture Firm
Morgan Stanley
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
Mark Bremer
Real Estate Agency
FAQs
What type of property is this?
Office building - Class A multi-tenant office building totaling 45,814 square feet on a 6.4-acre parcel in Grand Rapids.
Where is this office building located?
The property is located at 5211 Cascade Road SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 45,814 SF building with 40,183 rentable SF in a multi‑tenant office configuration; 6.4‑acre parcel provides space for scale and future expansion or repositioning; Strategic corner location at Cascade Road SE and Spaulding Avenue SE
