3863 Lake Michigan DrGrand Rapids, MI 49534

For Sale
$695,000

Prime Medical Office, 4,675 SF, $695,000

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional single-tenant medical office building, located at 3863 Lake Michigan Dr NW in Grand Rapids, Michigan, presents a compelling investment opportunity. The 4,675 square foot building, constructed in 1993, is classified as Class B and sits on a 0.83-acre lot (APN: 411320351017). Currently configured as a two-tenant space, the property offers significant flexibility for a variety of medical uses. The building features convenient on-site parking with 31 spaces, and an additional 869 square feet of basement storage space. High visibility is ensured by pylon signage along the heavily trafficked Lake Michigan Drive, just east of Wilson Avenue. The property is zoned ORP and offers a compelling price per square foot of $160.43. This single-story building presents a rare opportunity to acquire a well-maintained medical office building in a desirable Grand Rapids location. The property's strategic location, ample parking, and existing infrastructure make it an ideal investment for both owner-occupiers and investors seeking a strong return. The building's size and layout provide flexibility for various medical practices or expansion opportunities. This is a turnkey opportunity to acquire a valuable asset in a thriving market.

Highlights

  • 4,675 SF Class B medical office building on a 0.83-acre lot in Grand Rapids, MI.
  • Currently configured as two-tenant space, offering flexibility for various medical uses.
  • 31 on-site parking spaces plus 869 SF of basement storage.
  • High-visibility location on Lake Michigan Dr NW, near Wilson Ave, with pylon signage.
  • Zoned ORP, priced at $160.43/SF.

Property Details for 3863 Lake Michigan Dr

Property type
Other office properties, Medical offices
Square Feet
4,675 SF
Class
B
Year Built
1993
Buildings
1
Stories
1
Lot Size (sq. ft)
36,155 SF

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9726731
Longitude
-85.7631016
3863 Lake Michigan Dr, Grand Rapids, Michigan
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3863 Lake Michigan Dr
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