2325 Belmont Ctr DrPlainfield charter Township, MI 49306

Property Details for 2325 Belmont Ctr Dr

Lot size

0.97 AC

Property type

Commercial real estate

APN

41-10-16-429-002

APU

411016429002

Description

This exceptional Class A office building, located at 2325 Belmont Center Drive NE in Plainfield Charter Township, Michigan, presents a compelling investment opportunity. Built in 2019, this single-story, 6,884 square foot property boasts a desirable location within the Belmont Office park area, offering excellent road frontage on both Jupiter and Belmont Center. The building features two units, currently 100% occupied by long-term professional tenants under NNN leases with a remaining term of 2 years. The property includes 36 parking spaces and sits on a 0.97-acre lot. With a Net Operating Income (NOI) of $102,021 and an asking price of $1,320,000, this investment offers a 7.75% cap rate. The property is zoned PUD - PLN and features brand new construction. This is an ideal owner/user or investment opportunity for long-term growth, given the strong tenancy and prime location in Kent County, MI (zip code 49306). The APN is 41-10-16-429-002. The price per square foot is $191.74.

• Alternative Use

  Use

  Valuation

  Residential

  $8,833,238

  Hospitality

  $8,091,198

  Educational

  $6,731,782

  Medical

  $6,963,298

  Retail

  $10,471,661

Location Insight

City

Belmont

County

Kent

State

Michigan

Latitude

43.0778

Longitude

-85.6117

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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