Medical/Dental Investment Property For
For Sale
$1,378,125
Pending
3050 Ivanrest Ave SW, Grandville, MI 49418
Medical/dental investment property with ample parking and highway access.
Property Size12,250 SF
Days on Market525
Property Features for 3050 Ivanrest Ave SW
General Information
Standard status
Pending
Size
12,250 SF
Total Parking Spaces
85
Property subtype
Office
Zoning
OS-1
Amenities
Power
Water
Sewer
85 Parking Spaces
Building Details
Year Built
1988
Tenancy
Multi-Tenant
Listing Agency:
Colliers - Grand Rapids
Listed By:
Scott Morgan · License #6502112210
(616) 292-3455
Source:
Carwm.resimplifi
Added: Apr 30, 2025
Changed: Oct 4
Last Checked: Oct 5 at 3:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Grand Rapids
Investment Insights
Based on property information with market context.
This commercial property is suitable for medical or dental practices and is available for sale. The building features an attractive atrium entrance and monument signage. An extra-large parking lot is available. The property is located close to highway access and shopping. Current tenants include two dentists, a podiatrist, and a psychology practice. The property size is 12250 square feet.
Key Highlights
- Investment property with established medical/dental tenants.
- Extra large parking lot.
- Attractive atrium entrance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,400
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,448,000
$2.4M
Cap Rate 7%
$1,748,571
$1.7M
Cap Rate 9%
$1,360,000
$1.4M
Market Conditions
NOI Build-Up for 12,250 SF
Gross rent
$179.3K $14.64/SF
− Vacancy
−$16.1K −$1.32/SF
EGI
$163.2K $13.32/SF
− OpEx
−$40.8K −$3.33/SF
NOI
$122.4K $9.99/SF
Area
Kent County, MI
Vacancy
9.00%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,448,000
Cap Rate 7%
$1,748,571
Cap Rate 9%
$1,360,000
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,400 @ 7.0% cap · market cap 8.88%
Second Best
Healthcare Medical
$1.56M
$1.36M – $1.82M
NOI $108,999 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,369 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49418, MI
30,520
Population
12,801
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$83,485
Median Household Income
$48,260
Median Earnings
$1,218
Median Rent
$296,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pet Veterinary Clinic: Walsh Jan DVM — 3643 28th St SW, Grandville, MI 49418
- Pet Veterinary Clinic PC — 3643 28th St SW, Grandville, MI 49418
- Hoogstraten Rebecca DVM — 3643 28th St SW, Grandville, MI 49418
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical/dental investment property with ample parking and highway access.
Where is this medical office space located?
The property is located at 3050 Ivanrest Ave SW Grandville, MI.
What is the asking price?
The asking price for this property is $1,378,125.
What are key features of this property?
This property features: Investment property with established medical/dental tenants.; Extra large parking lot.; Attractive atrium entrance.
