3737 Lake Eastbrook BlvdGrand Rapids, MI 49546

Property Details for 3737 Lake Eastbrook Blvd

Year built

1972

Lot size

1.76 AC

Property size (Sq ft)

14,752 SF

Zone code

SD-NOS

Property type

Office properties

Property subtype

Office buildings

APN

41-18-11-401-030

APU

411811401030

Description

This exceptional two-story office building, located at 3737 Lake Eastbrook Blvd SE in Grand Rapids, Michigan, offers a unique opportunity for businesses seeking executive office space. The 14,752 square foot building sits on a 1.76-acre lot (76,645 sq ft) and boasts a Class C rating. Built in 1965, the property features a desirable waterfront location, providing a tranquil and professional atmosphere. Currently, there are multiple tenancies available, with a minimum divisible space of 118 square feet and a maximum contiguous space of 282 square feet. A total of 580 square feet is currently vacant and ready for immediate occupancy. The building offers 9-foot ceilings and convenient access to The Shops at Centerpoint. Ample on-site parking and proximity to public transportation ensure easy accessibility for employees and clients. The property is zoned SR and its Kent County location within the 28th Street Southeast submarket provides excellent visibility and connectivity. The building's address is 41-18-11-401-014 (APN). Flexible lease terms are available, making this an ideal location for businesses of various sizes and needs. This is a rare opportunity to secure high-quality office space in a sought-after Grand Rapids location.

• CAP approach

  CAP return

  Valuation

  6%

  $922,855

  6.5%

  $851,866

  7%

  $791,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,921,448

  Geo Method

  $1,921,448

• Alternative Use

  Use

  Valuation

  Residential

  $1,056,314

  Hospitality

  $967,578

  Educational

  $805,013

  Medical

  $832,699

  Retail

  $1,252,243

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9167

Longitude

-85.5748

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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