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2500 Niles Rd 2500 Niles Rd

24,962 SF Vacant Office Building Saint Joseph, MI 49085 $1,225,000 ($49/SF) 11.20% Cap Rate

Investment Highlights

  • Multi-tenant medical office building for lease or sale
  • Current tenants include Lakeland Healthcare Specialists, Quest Diagnostics, and Axon Psychology Group
  • Professionally managed with ample on-site parking
  • Suites available from 1,574 to 4,546 SF
  • Proximal to the Lakeland Medical Center hospital and other medical office users

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
24,962 SF
Building Class
B
Year Built/Renovated
1987/1991
Price
$1,225,000
Price Per SF
$49
Cap Rate
11.20%
NOI
$137,250
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
24,962 SF
Building FAR
0.17
Land Acres
3.33 AC
Zoning
B2 - RET/S
Parking
165 Spaces (6.61 Spaces per 1,000 SF Leased)

Amenities

  • Wheelchair Accessible
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 5
  • 1,574 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste Suite 10A
  • 2,276 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste Suite 3
  • 4,546 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste Suite 6
  • 1,873 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 5 1,574 SF Office Full Build-Out Now
1st Fl-Ste Suite 10A 2,276 SF Office Full Build-Out Now
1st Fl-Ste Suite 3 4,546 SF Office Full Build-Out Now
1st Fl-Ste Suite 6 1,873 SF Office Full Build-Out Now

1st Fl-Ste 5

Size
1,574 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste Suite 10A

Size
2,276 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste Suite 3

Size
4,546 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste Suite 6

Size
1,873 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-18-0002-0044-08-5
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$699,500
  • Listing ID: 26383616

  • Date on Market: 8/11/2022

  • Last Updated:

  • Address: 2500 Niles Rd, Saint Joseph, MI 49085

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