Property profile

2845 Wilson SW Ave Grandville, MI 49418

OFF-MARKET
Office buildings
Property ID
US43-1010085
4,914 SF 0.33 ac lot Built 1984
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,412-square-foot executive office building in Grandville, Michigan, presents a compelling investment opportunity. Located at 2845 Wilson Ave SW, this single-story, Class C building boasts a prime location just one block from the convenient 28th/I-196 interchange, ensuring easy access and high visibility. Constructed in 1984 and extensively renovated in 2019, the property features five currently occupied suites, offering immediate income potential. The building's layout allows for flexibility, with the possibility of an owner-occupant utilizing approximately 2,200 square feet. Ample parking is provided with two lots situated at the front and rear of the building. Enhance your brand with prominent signage opportunities on both the building and a dedicated monument sign. The property sits on a 0.33-acre lot and is zoned 1-2, offering potential for future expansion or development. The asking price is $899,900, translating to $183.13 per square foot. The property's APN is 411718228019. This turnkey investment offers a blend of immediate income and long-term growth potential in a thriving Grandville location. Don't miss this chance to acquire a well-maintained, strategically located office building with excellent visibility and accessibility.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 4,914 SF
Lot 0.33 ac (14,375 SF)
Zoning code I-2
APN 41-17-18-228-019
UPID US43-1010085

Cap rate & NOI

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

Location

2845 Wilson SW Ave Grandville, MI 49418-3501
Grandville metro Census 13000 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$805k
Comparable Approach Comparable
$358k
Blend (final) Blend
$355k

Owner & transaction history

since 2024
Last sale
$800,000
4 recorded transactions
2024
$800,000
2021
$370,000
2021
Price N/A
2006
$280,000

Zoning & alternative use

I-2 · Grandville, MI
Zoning description

(B) I-2 General Industrial District. The I-2 Industrial District accommodates industrial uses and processes of manufacture, fabrication, assembly, packaging, printing, reproduction, equipment service, transportation, sto…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $405,000 +7.2%
Retail stores $400,000 +6.0%

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
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