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    FOR SALE
    Medical Office Space

    3050 Ivanrest Ave SW, Grandville, MI 49418

    12,250 SF 1.89 ac lot Built 1988
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US43-1795891
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group DENTAL BUILDING
    Year built 1988
    Total area 12,250 SF
    Lot 1.89 ac (82,328 SF)
    Zoning code OS-1
    APN 41-17-16-155-003
    UPID US43-1795891
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Ivanrest Associates
    Ivanrest Associates
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    OS-1 · Grandville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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