Medical Office
For Sale
$399,900
597 Baldwin St, Jenison, MI 49428
The suite includes a dedicated reception and waiting area, four exam rooms, and a basement for storage or expansion.
Property Size1,356 SF
Price / SF$294.91
Days on Market11
Property Features for 597 Baldwin St
General Information
Standard status
Active
Size
1,356 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Cascade Properties Rlty LLC
Listed By:
Jordan P Nemmers · License #6506042764
(616) 745-5062
Source:
Metrodetroithomeguide
Added: Oct 10
Changed: Oct 19
Last Checked: Oct 19 at 2:16PM
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 Cascade Properties Rlty LLC
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Investment Insights
Based on property information with market context.
Configured for medical office use, this 1,356-square-foot condominium includes a reception area, a spacious waiting room, and four matching exam rooms. Additional interior features include a break room with a private half bath, a separate bathroom for patients, file storage, and a basement suited to storage or expansion.
The property is at 597 Baldwin St in Georgetown Charter Township, with frontage on a high-traffic street. Built in 1985, the suite combines patient-facing rooms with support space and basement area.
The property is at 597 Baldwin St in Georgetown Charter Township, with frontage on a high-traffic street. Built in 1985, the suite combines patient-facing rooms with support space and basement area.
Key Highlights
- 1,356‑square‑foot medical office condominium
- Four exam rooms, reception area, and waiting room
- Break room with private half bath and a separate patient bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,938
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,760
$298.8K
Cap Rate 7%
$213,400
$213.4K
Cap Rate 9%
$165,978
$166.0K
Market Conditions
NOI Build-Up for 1,356 SF
Gross rent
$23.1K $17.04/SF
− Vacancy
−$3.2K −$2.35/SF
EGI
$19.9K $14.69/SF
− OpEx
−$5.0K −$3.67/SF
NOI
$14.9K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,760
Cap Rate 7%
$213,400
Cap Rate 9%
$165,978
Alternative Uses
Best Use
Office B
$213.4K
$186.7K – $249.0K
NOI $14,938 @ 7.0% cap · market cap 3.74%
Second Best
Healthcare Medical
$160.6K
$140.6K – $187.4K
NOI $11,244 @ 7.0% cap · market cap 2.81%
Theoretical Best
Multifamily LT 5
$16.86M
$14.75M – $19.67M
NOI $1,180,356 @ 7.0% cap · market cap 295.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49428, MI
27,162
Population
10,312
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
95%
High-School Grad
16.1 sq mi
ZIP Area
1,687
Density / Sq Mi
$92,290
Median Household Income
$49,911
Median Earnings
$1,373
Median Rent
$276,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite includes a dedicated reception and waiting area, four exam rooms, and a basement for storage or expansion.
Where is this medical office space located?
The property is located at 597 Baldwin St Jenison, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,356‑square‑foot medical office condominium; Four exam rooms, reception area, and waiting room; Break room with private half bath and a separate patient bathroom
