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    3050 Ivanrest Ave Grandville, MI 49418

    Sponsored
    For Sale
    $1,531,250

    High-yield medical office investment opportunity.

    Property size:
    12,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,250 square foot medical office building presents a compelling investment opportunity in Grandville, Michigan. Located at 3050 Ivanrest Ave SW, this single-building property sits on a 1.89-acre lot (APN: 41-17-16-155-003) and boasts a desirable 7.12% cap rate. Built in 1988, the building features an attractive atrium entrance, ample parking, and prominent monument signage. The property is currently offered for sale by owner at $1,531,250 ($125/sq ft) and is configured as a multi-tenant building with a gross lease structure. One suite, previously used as an optometry office, is available and includes existing plumbing. The building enjoys a prime location with convenient highway access and nearby shopping amenities. The professional atmosphere is further enhanced by the presence of neighboring dental and podiatry practices. This presents a rare opportunity to acquire a well-located, high-performing medical office building in a thriving market. The property's strong tenant base and attractive features make it an ideal investment for owner-users or investors seeking a stable, high-yield asset.

    Property Features for 3050 Ivanrest Ave

    General Information

    Property type
    Medical offices
    Square Feet
    12,250 SF
    Lot Size
    82,328 SF

    Building Details

    Year Built
    1988
    Buildings
    1

    HighLights

    • 12,250 SF medical office building in Grandville, MI, on a 1.89‑acre lot.
    • 7.12% cap rate, offered at $1,531,250 ($125/SF).
    • Multi‑tenant building with gross leases; one vacant suite with existing plumbing.
    • Built in 1988, features atrium entrance, ample parking, and monument signage.
    • Prime location with highway access and nearby amenities; strong tenant base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Grandville
    County
    Kent
    State
    Michigan
    Longitude
    -85.7433502
    Latitude
    42.9085921

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office investment opportunity.
    Where is this medical office located?
    The property is located at 3050 Ivanrest Ave Grandville, MI.
    What is the asking price?
    The asking price for this property is $1,531,250.
    What are key features of this property?
    This property features: 12,250 SF medical office building in Grandville, MI, on a 1.89-acre lot.; 7.12% cap rate, offered at $1,531,250 ($125/SF).; Multi-tenant building with gross leases; one vacant suite with existing plumbing.
    Request Owner's contact information
    3050 Ivanrest Ave Grandville, MI 49418
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    Grandville, MI 49418
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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
    3050 Ivanrest Ave Grandville, MI 49418
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