Property profile

2251 Paris Ave Grand Rapids, MI 49546

OFF-MARKET
Office Spaces
Property ID
US43-1075514
9,505 SF Built 1999
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 9,505 square foot Class B medical office building, situated on a 1.18-acre lot in Grand Rapids, Michigan, presents a unique investment opportunity. Built in 1999, the single-tenant property boasts a desirable location within a thriving medical corridor, ensuring high visibility and accessibility. Currently, 3,068 square feet of space is available, offering potential for expansion or immediate occupancy. The building features ample parking, excellent signage opportunities, and easy access for patients and staff. The property is zoned SD-NOS, reflecting its suitability for medical practices. Its strategic location in Kent County, at 2251 E Paris Ave SE, Grand Rapids, MI 49546, provides convenient access to major transportation routes and a dense concentration of medical facilities. The building's single-tenant occupancy simplifies management and offers a stable income stream. This is an ideal opportunity for medical professionals seeking a well-established and highly visible location to establish or expand their practice. The property's size and location make it an attractive investment for both owner-occupiers and investors seeking a strong return on investment in a growing market. The building's solid construction and well-maintained condition further enhance its appeal. Don't miss this chance to acquire a prime medical office building in a highly sought-after area.

Property profile

Verified
Property type Office Spaces
Year built 1999
Total area 9,505 SF
UPID US43-1075514

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

2251 Paris Ave Grand Rapids, MI 49546
Grand Rapids metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2251 Paris Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message