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    3205 Eagle Crest Dr Grand Rapids, MI 49525

    Sponsored
    For Sale
    $3,992,250

    Prime East Beltline location, 31,938 SF, 80% occupied.

    Property size:
    31,938 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, Class B office building, situated on a 5.71-acre lot at 3205 Eaglecrest Dr NE in Grand Rapids, Michigan, presents a compelling investment opportunity. Built in 1995, the 31,938 square foot property boasts 9-foot ceilings and is currently 80% occupied by a diverse tenant mix including The Motorcycle Co LLC, Riverbank Finance LLC, and Brooksource. The asking price is $3,992,250, translating to $125 per square foot. The property is offered for sale by owner and features a modified lease structure where tenants are responsible for suite electric, janitorial services, and increases in operating expenses beyond the base year. Tenant use and credit are subject to landlord approval. The building is conveniently located on the East Beltline near I-96, providing excellent access to major transportation routes. This multi-tenant property offers a strong potential for future income growth and presents a rare opportunity to acquire a well-located, established office building in a thriving market. The property consists of one building with a total of two stories.

    Property Features for 3205 Eagle Crest Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    31,938 SF
    Class
    B
    Lot Size
    248,728 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    2

    HighLights

    • $3,992,250 asking price for this 31,938 square foot office building.
    • Located at 3205 Eaglecrest Dr NE, Grand Rapids, MI 49525.
    • Class B, multi‑tenant office building with 80% occupancy.
    • Features 9‑foot ceilings.
    • Built in 1995, this two‑story building sits on a 5.71‑acre lot.
    • Tenants include The Motorcycle Co LLC, Riverbank Finance LLC, and Brooksource.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thieme R Kevin Personal Injury Attorney Law Office of William ... Personal Injury Attorney R R Donnelley Commercial Printer Women of The Well (WOW) Religious Organization Calculated Hire - Grand ... Business Management Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.589048606092
    Latitude
    42.989894233398

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    FAQs

    What type of property is this?
    Office Property / Space - Prime East Beltline location, 31,938 SF, 80% occupied.
    Where is this office property / space located?
    The property is located at 3205 Eagle Crest Dr Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $3,992,250.
    What are key features of this property?
    This property features: $3,992,250 asking price for this 31,938 square foot office building.; Located at 3205 Eaglecrest Dr NE, Grand Rapids, MI 49525.; Class B, multi-tenant office building with 80% occupancy.
    (616) 988-5814
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3205 Eagle Crest Dr Grand Rapids, MI 49525
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