1179 Paris AveGrand Rapids, MI 49546

Property Details for 1179 Paris Ave

Year built

2004

Lot size

2.65 AC

Property size (Sq ft)

27,302 SF

Zone code

OR-PUD

Property type

Commercial real estate

APN

41-14-35-480-007

APU

411435480007

Description

This exceptional Class A medical office space, located at 1179 E Paris Ave SE in Grand Rapids, Michigan, offers two available suites totaling 2,662 to 4,473 square feet. Built in 2004, the property boasts a total of 27,302 square feet situated on a 2.65-acre lot within Kent County. The building's prime location places it within Grand Rapids' suburban medical mile, offering excellent visibility and accessibility for patients and staff. The suites are ideal for medical or dental practices seeking modern, efficient space. The property is designated as a multi-tenant building, providing a collaborative environment. This is a rare opportunity to secure high-quality office space in a thriving medical corridor. The property's Class A designation reflects its superior construction, amenities, and overall quality. The address is easily accessible and well-suited for a variety of medical practices. The ample square footage allows for customization to meet specific business needs. This is an excellent opportunity for growth and expansion within a desirable location. The 49546 zip code offers convenient access to major roadways and local amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,935,680

  6.5%

  $1,786,790

  7%

  $1,659,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,556,090

  Geo Method

  $3,556,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,008,800

  Retail / Commercial

  $2,276,600

  Mixed-Use / Specialty

  $2,038,470

  Hospitality / Lodging

  $1,196,090

  Office

  $1,786,790

  Institutional / Educational

  $2,036,980

  Residential Income

  $2,383,270

  Multifamily

  $4,133,510

  Automotive / Energy

  $1,745,980

  Parking / Income-Based Land

  $829,766

  Restaurant / Food Service

  $569,334

  Healthcare / Senior Housing

  $2,326,290

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9415

Longitude

-85.5714

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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