2000 43Rd StGrand Rapids, MI 49508

This exceptional investment opportunity presents a two-story, 16,525-square-foot medical office building situated on a 1.96-acre lot in Grand Rapids, Michigan. The property, located at 2000 43rd St SE, boasts a desirable location in the Eastcastle Park area, conveniently positioned between Breton Rd. SE and Kalamazoo Ave SE. Built in 1988, the Class C building features 75 parking spaces and is currently 79% occupied by four dental tenants. Three of these tenants will be signing five-year triple-net leases upon closing. The property is zoned SD-NOS (Neighborhood Office), offering stability and potential for future growth. The asking price is $2,600,000, representing a compelling 8.44% capitalization rate based on a projected 2024 Net Operating Income (NOI) of $219,413. The price per square foot is $157.34. Detailed financial information, including the rent roll, is available upon request. This multi-tenant property offers a strong cash flow and significant upside potential for the discerning investor. The property consists of two parcels with APNs 41-18-21-399-001 and 41-18-21-451-012. The lease type is modified.