For Sale
$1,531,250

3050 Ivanrest Ave Grandville, MI 49418

High-yield medical office investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
131
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.

Highlights

  • 12,250 SF medical office building in Grandville, MI, on a 1.89-acre lot.
  • 7.12% cap rate, offered at $1,531,250 ($125/SF).
  • Multi-tenant building with gross leases; one vacant suite with existing plumbing.
  • Built in 1988, features atrium entrance, ample parking, and monument signage.
  • Prime location with highway access and nearby amenities; strong tenant base.

Property Details for 3050 Ivanrest Ave

Property type
Office properties, Medical offices
Square Feet
12,250 SF
Year Built
1988
Buildings
1
Lot Size (sq. ft)
82,328 SF

Location Insight

City
Grandville
County
Kent
State
Michigan
Latitude
42.9085921
Longitude
-85.7433502
3050 Ivanrest Ave, Grandville, Michigan

FAQs

What type of property is this?
Office property - High-yield medical office investment opportunity.
Where is the office property located?
The property is located at 3050 Ivanrest Ave Grandville, MI.
What is the asking price?
The asking price for this property is $1,531,250.
What are key features of this property?
This property features: 12,250 SF medical office building in Grandville, MI, on a 1.89-acre lot.; 7.12% cap rate, offered at $1,531,250 ($125/SF).; Multi-tenant building with gross leases; one vacant suite with existing plumbing.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3050 Ivanrest Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message