Property profile

4211 Division Ave N Comstock Park, MI 49321

FOR SALE
Commercial real estate
Property ID
US43-1450105
1.54 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,484 square foot Class A medical office building in Comstock Park, MI, presents a unique investment opportunity. Situated on a 1.54-acre lot (APN 41-10-31-154-016), this single-story building, constructed in 1995, offers flexible space ideal for single or multi-tenant occupancy. Currently, 8,200 square feet are vacant, divisible into spaces ranging from 3,300 to 8,200 contiguous square feet. The property boasts ample parking and features private entrances and individually zoned mechanical systems for each suite, enhancing tenant flexibility and operational efficiency. One tenant is already in place. Recent capital improvements exceeding $100,000 include a new roof, new EIFS exterior, and numerous mechanical system replacements, ensuring cost-effective operations for years to come. The building is zoned Local Class Code O - Office, making it well-suited for various medical practices. This turnkey property offers a rare combination of modern amenities, flexible space, and a prime location in Kent County, Michigan (Zip code 49321). The address is 4211 Division Ave N.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.54 ac (67,082 SF)
APN 41-10-31-154-016
UPID US43-1450105

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Consultant

Location

4211 Division Ave N Comstock Park, MI 49321
Comstock Park metro Census 11101 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
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Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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More about this property
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