4070 Lake DrGrand Rapids, MI 49546

  • Other commercial real estate
  • 28,564 SF
For Lease
$20/SF/YR View listing

Property Details for 4070 Lake Dr

Year built
2001
Lot size
4.01 AC
Property size (Sq ft)
28,564 SF
Zone code
C4
Property type
Other commercial real estate
APN
41-18-01-151-001
APU
411801151001

Description

This exceptional two-story medical office building, totaling 14,502 square feet, is situated on a spacious 7.07-acre lot at 4070 Lake Dr SE in Grand Rapids, Michigan, zip code 49546. Constructed in 2004, the Class B building features a single structure with multiple tenancies. Currently, there is 2,267 square feet of vacant space available, presenting a unique opportunity for expansion or new tenancy. The property is zoned C-4, allowing for a variety of commercial uses. Its convenient location in Kent County offers excellent accessibility and visibility. The building's substantial size and ample land provide significant potential for future development or expansion. The existing infrastructure is well-maintained and ready for immediate occupancy. This property represents a strong investment opportunity in a thriving medical market. The building's layout is designed to accommodate various medical practices, offering flexibility for potential tenants. Interested parties should inquire about the available space and its suitability for their specific needs. The property's location in Grand Rapids provides easy access to major transportation routes and a robust local economy.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,045,319
    Hospitality
    $1,873,502
    Educational
    $1,558,731
    Medical
    $1,612,338
    Retail
    $2,424,693
4070 Lake Dr, Grand Rapids, Michigan
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Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9373
Longitude
-85.5675
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$114,950
-
-
$3,290,700
-
-
-
$6,581,400

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