This exceptional Class A medical office building, situated at 2147 Health Dr SW in Wyoming, Michigan (Kent County, zip code 49519), presents a compelling investment opportunity. The single-tenant, 22,515 square foot building, constructed in 2006, features a striking two-story atrium lobby complete with a water feature, creating an inviting atmosphere. The building's modern aesthetic is highlighted by a blend of brick, glass, and steel construction, complemented by a convenient covered patient drop-off area. The property sits on a 2.286-acre lot and is zoned PUD-3. Ample parking is provided, with a ratio of 5 spaces per 1,000 square feet. The asking price is $6,250,000, translating to a price per square foot of $277.59. The property is offered with a triple net (NNN) lease. This freestanding building is ideally located near the University of Michigan's West Campus, offering excellent visibility and accessibility. The building's high-quality construction and desirable location make it an attractive investment for discerning buyers seeking a stable, high-performing medical office asset.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,902,764
Hospitality
$2,658,916
Educational
$2,212,188
Medical
$2,288,268
Retail
$3,441,180
Location Insight
City
Wyoming
County
Kent
State
Michigan
Latitude
42.8603
Longitude
-85.7175
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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