3050 Ivanrest Ave Grandville, MI 49418
- Medical offices
- 12,250 SF
- 1.89 lot acres
Current Use by Public Records
- Medical offices
Property Details for 3050 Ivanrest Ave
- Year built
- 1988
- Lot size
- 1.89 lot acres
- Property size
- 12,250 SF
- Zone code
- OS-1
- Property type
- Medical offices
- Property subtype
- Medical space
- APN
- 41-17-16-155-003
- APU
- 411716155003
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grandville
- County
- Kent
- State
- Michigan
- Longitude
- -85.7431
- Latitude
- 42.9087
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
