Property profile

5625 Pr Crk SE Dr Caledonia, MI 49316

OFF-MARKET
Office buildings
Property ID
US43-1152606
10,502 SF 2.81 ac lot Built 1999
Individually Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Class B office building, situated at 5625 Prairie Creek Drive SE in Caledonia, Michigan, 49316, offers a prime leasing opportunity. The property boasts 2,600 square feet of versatile space currently available within a thriving business park, home to the prominent Farmers Insurance Grand Rapids campus. The building's layout includes a thoughtful blend of private offices, conducive to individual focus and team collaboration, complemented by open work areas fostering a dynamic and collaborative environment. Further enhancing functionality are dedicated conference rooms, ideal for meetings and presentations, and a convenient kitchenette for employee use. Ample on-site parking ensures convenient access for staff and clients alike. The strategic location provides easy access to major highways, simplifying commutes and facilitating efficient logistics. Moreover, the property benefits from its proximity to a variety of retail establishments, offering employees and visitors a range of amenities within easy reach. While currently offering 2,600 square feet, there is potential for expansion

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Total area 10,502 SF
Lot 2.81 ac (122,404 SF)
Zoning code PUD
APN 41-23-05-125-009
UPID US43-1152606

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
  • Insurance Agency
  • Academic Department Auto Insurance Agency
  • Construction Company General Contractor
  • Accounting Firm Tax Preparation

Location

5625 Pr Crk SE Dr Caledonia, MI 49316-7400
Caledonia metro Census 14811 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$805k
Blend (final) Blend
$805k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

PUD · Caledonia, MI
Zoning description

Section 12.2 PUD Eligibility. A Planned Unit Development may be considered in any location within the Village of Caledonia. Any land use authorized in this Ordinance may be requested to be included in a Planned Unit Deve…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Commercial (general) $865,000 +7.2%
Retail stores $855,000 +6.0%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5625 Pr Crk SE Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message