Property summary
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
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Dental Office
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(D) Conventional Commercial Zoning Districts. Those zoning districts with an “OS” prefix: the OS-1 Office/ Service District and the OS-2 Regional Office/Service District; and those districts with a “C” prefix: the C-1 Ne…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Grandville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
OS-1 · Grandville, MI(D) Conventional Commercial Zoning Districts. Those zoning districts with an “OS” prefix: the OS-1 Office/ Service District and the OS-2 Regional Office/Service District; and those districts with a “C” prefix: the C-1 Ne…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(D) Conventional Commercial Zoning Districts. Those zoning districts with an “OS” prefix: the OS-1 Office/ Service District and the OS-2 Regional Office/Service District; and those districts with a “C” prefix: the C-1 Ne…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OS-1 in Grandville, MI.
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