2627 Beltline AveGrand Rapids, MI 49546

This exceptional Class A office building in Grand Rapids, Michigan presents a compelling investment opportunity. The 21,300 square foot, three-story building, constructed in 1970 and extensively renovated in 2022, boasts a 100% occupancy rate with twelve tenants, including Bank of America, under a gross lease with corporate guarantees. The current lease term spans seven years, featuring annual rent bumps ranging from 3% to 5%, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $160,000, translating to a 6.96% cap rate at an asking price of $2,300,000 ($107.98 per square foot). Situated on a 1.19-acre lot at 2627 E Beltline Ave SE, 49546, this prime location benefits from exceptional visibility and accessibility at the intersection of two of West Michigan's highest traffic roads. Ample parking is provided with 71 spaces. The permitted zoning allows for office commercial use, but the property also presents significant redevelopment potential for hospitality or restaurant uses, offering a compelling value-add opportunity. This stabilized investment offers immediate cash flow and long-term upside potential.