Financial
Distress signals
Property profile

2627 E Beltline Ave SE Grand Rapids, MI 49546

FOR LEASE
Commercial real estate
Property ID
US43-1103124
21,300 SF 1.19 ac lot Built 1970
Last sale May 2005 · $2,000,000
Trust Owned Owner of record is a trust. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A medical office suite, located at 2627 E Beltline Ave SE in Grand Rapids, MI 49546, offers 1,028 square feet of move-in ready space within a larger 21,600 square foot building. The suite boasts abundant natural light from its corner location and excellent visibility, ideal for signage. The property features a total of 12 suites across three stories, with a 9-foot ceiling height. Recent renovations in 2022 enhanced both the suite and common areas, creating a modern and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$39k
Tax billed · 2019
Assessed value · 2023$833k
Effective rate4.63%

Value estimate

· Sep 2026
$1.99M
$1.79M – $2.19M
Submarket $/SF estimate$1.55M
NOI build-up
Gross scheduled income$347k
Vacancy & credit loss−$78k
Operating expenses−$67k
NOI · 1,442,028.57% cap applied$202k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$129/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$73 – $196

Cap rate analysis

How does the asset earn?
1,442,028.57%
$202k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.0
Building Supply17.3
HVAC Service16.0

Location

2627 E Beltline Ave SE Grand Rapids, MI 49546
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3949 Sparks SE, Grand Rapids, MI 49546-6110 $200,000 Feb 2026 31,486 SF
3540 Camelot SE, Grand Rapids, MI 49546 $650,000 May 2024 11,850 SF
4362 Cascade SE, Grand Rapids, MI 49546-3600 $337,500 Aug 2021 13,030 SF
6810 Old 28th SE, Grand Rapids, MI 49546-6932 $1,410,000 Jun 2021 13,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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