700 3 Mile Rd
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700 3 Mile Rd
6,668 SF 100% Leased Office Building Grand Rapids, MI 49544 $595,000 ($89/SF)
Executive Summary
This is a perfect, hard-to-find, small professional office building that has been well-maintained with a newer roof, new mechanicals, new exterior paint,
and a recently seal-coated & striped parking lot. 3,276 SF main floor with 1,500walk-out level. The office building is split into three suites each with a reception area, private offices, kitchenette, and restroom along with separate egress. Owner occupant can use the entire main floor. Lower level has physical therapy tenant with 3 year lease. Great location just east of Alpine Ave on 3MileRd NW at the exit I-96& US-131.
and a recently seal-coated & striped parking lot. 3,276 SF main floor with 1,500walk-out level. The office building is split into three suites each with a reception area, private offices, kitchenette, and restroom along with separate egress. Owner occupant can use the entire main floor. Lower level has physical therapy tenant with 3 year lease. Great location just east of Alpine Ave on 3MileRd NW at the exit I-96& US-131.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,668 SF
Building Class
C
Year Built
1979
Price
$595,000
Price Per SF
$89
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,334 SF
Slab To Slab
9’
Building FAR
0.17
Lot Size
0.88 AC
Zoning
ORP - Commercial Zoned District
Parking
40 Spaces (4.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 41-13-12-101-072 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $393,800 |
PROPERTY TAXES
Parcel Number
41-13-12-101-072
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$393,800
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700 3 Mile Rd
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