2845 Wilson AveGrandville, MI 49418

Property Details for 2845 Wilson Ave

Year built

1984

Lot size

0.33 AC

Property size (Sq ft)

4,914 SF

Zone code

I-2

Property type

Office buildings

APN

41-17-18-228-019

APU

411718228019

Description

This exceptional 6,412-square-foot executive office building in Grandville, Michigan, presents a compelling investment opportunity. Located at 2845 Wilson Ave SW, this single-story, Class C building boasts a prime location just one block from the convenient 28th/I-196 interchange, ensuring easy access and high visibility. Constructed in 1984 and extensively renovated in 2019, the property features five currently occupied suites, offering immediate income potential. The building's layout allows for flexibility, with the possibility of an owner-occupant utilizing approximately 2,200 square feet. Ample parking is provided with two lots situated at the front and rear of the building. Enhance your brand with prominent signage opportunities on both the building and a dedicated monument sign. The property sits on a 0.33-acre lot and is zoned 1-2, offering potential for future expansion or development. The asking price is $899,900, translating to $183.13 per square foot. The property's APN is 411718228019. This turnkey investment offers a blend of immediate income and long-term growth potential in a thriving Grandville location. Don't miss this chance to acquire a well-maintained, strategically located office building with excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $897,507

  6.5%

  $828,468

  7%

  $769,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $640,048

  Geo Method

  $640,048

• Alternative Use

  Use

  Valuation

  Residential

  $1,027,301

  Hospitality

  $941,002

  Educational

  $782,902

  Medical

  $809,828

  Retail

  $1,217,848

Location Insight

City

Grandville

County

Kent

State

Michigan

Latitude

42.9129

Longitude

-85.7641

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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