Building Details

Building Size 2,567 SF

Year Built 1996

Listing Agency: Three West, LLC

Listed By: Kevin Endres · License #6505352968 Show Phone

Source: Centralmirealty

Added: Sep 30, 2022 Changed: Nov 5 Last Checked: Nov 4 at 2:50PM

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Investment Insights

Based on property information with market context.

This 2,567-square-foot medical office suite includes a reception and waiting area, seven office or exam rooms, an X-ray room, two restrooms, and a large open office area. Built in 1996, the suite has two separate entrances and on-site parking.

The property is at the corner of Lake Street (US-31) and Highland Drive in Bear Lake, between Manistee and Frankfort. Commercial zoning is identified for the site.

Key Highlights

• 2,567‑square‑foot medical office suite
• Seven office or exam rooms, plus an X‑ray room
• Reception and waiting area, large open office, and two restrooms

Property Analytics

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Open Analytics

Current Use

Glenn C. Griffiths, ... Pediatrician Bear Lake Outpatient ... Laboratory Jenna Lynn Stump Physician Jacqueline Norton Physician Crystal Lake Health ... Pediatrician

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Dental Office Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

$2.10 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

48

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49614, MI

2,985

Population

1,967

Households

1.5

Avg Household Size

51

Median Age

29%

College-Educated

96%

High-School Grad

91.4 sq mi

ZIP Area

33

Density / Sq Mi

$71,389

Median Household Income

$36,739

Median Earnings

$963

Median Rent

$203,900

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

Frequently Asked Questions

What type of property is this?

Medical Office Space - Two separate entrances and ample parking provide practical access for patients and staff.

Where is this medical office space located?

The property is located at 8225 Lake Street Bear Lake, MI.

What is the lease rate?

The lease rate is $14 SF/Yr.

What are key features of this property?

This property features: 2,567‑square‑foot medical office suite; Seven office or exam rooms, plus an X‑ray room; Reception and waiting area, large open office, and two restrooms