Corner Office
For Sale
$414,700
758 Burton Street SE, Grand Rapids, MI 49507
Commercial Sale, Grand Rapids, MI
Property Size3,540 SF
Lot Size0.11 Acres
Price / SF$117.15
Days on Market111
Property Features for 758 Burton Street SE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 4
Parking
7
Subdivision
Dorans Assrs
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Standard status
Active
APN
41-18-07-227-047
Size
3,540 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1209 DORAN'S ASSESSOR'S PLAT NO. 40. Split 11/16/2018 from parcels 41-18-07-227-048 & 049.
Tax Annual Amount
6202
Legal Description
LOT 1209 DORAN'S ASSESSOR'S PLAT NO. 40. Split 11/16/2018 from parcels 41-18-07-227-048 & 049.
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
conference room
breakroom
Building Details
Year built
1935
Number of units
2
Building materials
Concrete, Metal Siding
Listing Agency:
RE/MAX of Grand Rapids (FH) · RE/MAX International
(616) 957-0700
Listed By:
Margaret E Peric
(616) 204-9792
Added: Jun 18
Changed: Sep 12
Last Checked: Oct 6 at 8:06AM
MLS# 26030485
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.
This 3,540-square-foot office building, constructed in 1935, occupies a dual-parcel property at 758 Burton Street SE and the adjoining 2007 Eastern Avenue SE parcel. The interior includes 10 private offices, a conference room, breakroom, basement, and 4 restrooms. Three independently controlled HVAC zones support separate temperature settings throughout the building.
Positioned at the Burton Street SE and Eastern Avenue SE intersection in Grand Rapids, the property is exposed to approximately 15,000 vehicles per day and offers convenient access to downtown and major transportation routes. The property is within a designated Opportunity Zone.
Capital improvements include a roof replacement completed in 2023 and rooftop HVAC unit replacements in 2017, 2022, and 2023. Seven designated parking spaces are available for lease.
Positioned at the Burton Street SE and Eastern Avenue SE intersection in Grand Rapids, the property is exposed to approximately 15,000 vehicles per day and offers convenient access to downtown and major transportation routes. The property is within a designated Opportunity Zone.
Capital improvements include a roof replacement completed in 2023 and rooftop HVAC unit replacements in 2017, 2022, and 2023. Seven designated parking spaces are available for lease.
Key Highlights
- 3,540‑square‑foot office building on 0.11 acres
- Dual‑parcel property at 758 Burton Street SE and 2007 Eastern Avenue SE
- Approximately 15,000 vehicles per day at the Burton Street SE and Eastern Avenue SE corner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,087
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,740
$661.7K
Cap Rate 7%
$472,671
$472.7K
Cap Rate 9%
$367,633
$367.6K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$56.9K $16.08/SF
− Vacancy
−$12.8K −$3.62/SF
EGI
$44.1K $12.46/SF
− OpEx
−$11.0K −$3.12/SF
NOI
$33.1K $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%
$661,740
Cap Rate 7%
$472,671
Cap Rate 9%
$367,633
Alternative Uses
Best Use
Office B
$472.7K
$413.6K – $551.5K
NOI $33,087 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$821.5K
$718.8K – $958.5K
NOI $57,507 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 49507, MI
38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office property with private workrooms, meeting space, recent building upgrades, and access to downtown Grand Rapids.
Where is this office building located?
The property is located at 758 Burton Street SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $414,700.
What are key features of this property?
This property features: 3,540‑square‑foot office building on 0.11 acres; Dual‑parcel property at 758 Burton Street SE and 2007 Eastern Avenue SE; Approximately 15,000 vehicles per day at the Burton Street SE and Eastern Avenue SE corner
