3050 Ivanrest Ave SW, Grandville, MI 49418
For Sale
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This exceptional 12,250 square foot medical office building presents a compelling investment opportunity in Grandville, Michigan. Located at 3050 Ivanrest Ave SW, this single-building property sits on a 1.89-acre lot (APN: 41-17-16-155-003) and boasts a desirable 7.12% cap rate. Built in 1988, the building features an attractive atrium entrance, ample parking, and prominent monument signage. The property is currently offered for sale by owner at $1,531,250 ($125/sq ft) and is configured as a multi-tenant building with a gross lease structure. One suite, previously used as an optometry office, is available and includes existing plumbing. The building enjoys a prime location with convenient highway access and nearby shopping amenities. The professional atmosphere is further enhanced by the presence of neighboring dental and podiatry practices. This presents a rare opportunity to acquire a well-located, high-performing medical office building in a thriving market. The property's strong tenant base and attractive features make it an ideal investment for owner-users or investors seeking a stable, high-yield asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OS-1 · Grandville, MIGrandville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.