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    318 Riv Rdg Dr Walker, MI 49544

    For Sale
    $5,800,000

    32,403 SF Office Building, $5.8M

    Property size:
    32,403 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional three-story, Class B executive office building, located at 318 River Ridge Dr NW in Walker, MI, presents a unique investment opportunity. Boasting 32,403 square feet on an expansive 11.03-acre lot (480,467 sq ft), this property offers significant potential. Conveniently situated near the Alpine and I-96 interchange, it enjoys a private setting behind the Alpine shopping corridor. The building is currently multi-tenant, with the ground floor fully leased to Trinity Health. The upper two floors offer a combination of open space, private offices, classrooms, and ample break room areas. The main floor features a large training room and boardroom. The property's zoning (CPUD) allows for expansion, with sufficient parking to accommodate a second building. This presents a rare chance to acquire a substantial office building in a prime location with room for future growth. The asking price is $5,800,000, translating to $179 per square foot. Built in 2000, the property includes one building with approximately 10,000 square feet per floor. The APN is 411301402016.

    Property Features for 318 Riv Rdg Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    32,403 SF
    Class
    B
    Lot Size
    480,467 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    3

    HighLights

    • Alpine Corridor submarket.
    • 11.03‑acre site, 480,467 square feet of land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Centria Healthcare Specialized Clinic Mercy Health Corporate Office

    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
    Walker
    County
    Kent
    State
    Michigan
    Longitude
    -85.6774437
    Latitude
    43.0184964

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    FAQs

    What type of property is this?
    Office Property / Space - 32,403 SF Office Building, $5.8M
    Where is this office property / space located?
    The property is located at 318 Riv Rdg Dr Walker, MI.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: Alpine Corridor submarket.; 11.03-acre site, 480,467 square feet of land.;
    Request Owner's contact information
    318 Riv Rdg Dr Walker, MI 49544
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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
    318 Riv Rdg Dr Walker, MI 49544
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