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    255 Washington St Grand Rapids, MI 49503

    Sponsored
    For Lease
    $16 SF/Yr ($10,880 /Mo)

    Kent County, Heritage Hill - 1,364 SF Available

    Lot size:
    8,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 8,160 square foot medical office building, situated on a 0.39-acre lot in Kent County's desirable Heritage Hill neighborhood, presents a unique leasing opportunity. The building, constructed in 1950 and extensively renovated in 2010, is a Class C, two-story structure with ample on-site parking. Currently, 1,364 square feet of space is available for lease, ideal for a variety of medical practices. The available space includes four treatment rooms, a spacious waiting/reception area, a lab, and a convenient kitchenette. The property's zoning is designated as TCC. The building's single structure is conveniently located within the Central Business District, offering excellent accessibility and visibility. The property features a multiple tenancy arrangement, providing a dynamic and collaborative environment. The building's address is 255 Washington St SE, and its Assessor's Parcel Number (APN) is 411430326017. This is an excellent opportunity to establish or expand a medical practice in a thriving and established location. The combination of convenient amenities, ample parking, and a prime location makes this property a highly attractive investment.

    Property Features for 255 Washington St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,160 SF
    Class
    C
    Total Rate
    10880

    Building Details

    Year Built/Renovated
    1950/2010
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,364 SF
    Rate per SF
    $16

    HighLights

    • 8,160 SF medical office building in Kent County's Central Business District.
    • 1,364 SF of vacant space available for lease.
    • Multiple tenancy building.
    • 0.39‑acre lot.
    • Class C building, built in 1950, renovated in 2010.
    • Features four treatment rooms, waiting/reception area, lab, and kitchenette.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Bruce M. ... Dentist Dr. Matthew C. ... Dentist BlackTruck Media + Marketing Internet Marketing Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -85.6621006
    Latitude
    42.9615

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    FAQs

    What type of property is this?
    Medical office - Kent County, Heritage Hill - 1,364 SF Available
    Where is this medical office located?
    The property is located at 255 Washington St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 8,160 SF medical office building in Kent County's Central Business District.; 1,364 SF of vacant space available for lease.; Multiple tenancy building.
    Request Owner's contact information
    255 Washington St Grand Rapids, MI 49503
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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
    255 Washington St Grand Rapids, MI 49503
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