3264, Evergreen, Grand Rapids, MI, 49525
- 6 baths
Basics
- Date added: Added 6 days ago
- Category: Commercial Sale
- Type: Office
- Status: Active
- Bathrooms: 6
- Lot size: 2.38 sq ft
- Year built: 2003
- Subdivision Name: The Woods of Evergreen Lake
- Bathrooms Full: 6
- Lot Size Acres: 2.38 acres
- Business Type: Professional/Office, Professional Service
- County: Kent
- MLS ID: 26010729
Description
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Description:
Unlock a rare investment opportunity in one of Grand Rapids most sought after professional corridors. Located on Evergreen Lake in the thriving NE submarket, this 30000 plus sq ft office and medical complex offers immediate income with upside potential. Anchored by two established long term medical tenants, the property provides built in stability while leaving significant square footage available for lease up and value creation. Purposefully designed to attract and retain high quality tenants, the building features a grand boardroom, three striking atriums with abundant natural light, and flexible office and medical suites that can be customized to maximize rental income across multiple tenant types. The layout and scale create an ideal environment for multi tenant occupancy, professional services, or a strategic reposition. Positioned within one mile of the highly desirable Knapps Corner corridor, the asset benefits from strong surrounding demographics, national retailers, and consistent foot traffic. Immediate access to major employers, retail, dining, and I 96 enhances long term tenant demand and leasing velocity.
With a blend of in place cash flow, leasing upside, and a premier location, this is a high potential asset for investors seeking to add value and drive returns in a proven growth corridor. Opportunities like this in NE Grand Rapids are limited, position your portfolio to capitalize on both stability and future upside.
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Location
- Directions: Beltline, N of 3 Mile to N Evergreen, E to property
Building Details
- Building Area Total: 31761 sq ft
- Number Of Units Total: 6
- Construction Materials: Stucco, Brick
- Heating: Forced Air
- StoriesTotal: 3
- Building Features: Bath Common Area, Fire Sprinkler, Security System
- Roof: Rubber
- Foundation Details: Slab
- Number Of Buildings: 1
Amenities & Features
- Parking Total: 50
- Inclusions: Real Estate, Furniture
- Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- Waterfront Features: Lake
- Cooling: Central Air
Fees & Taxes
- Tax Assessed Value: $693,713
- Tax Year: 2025
- Tax Annual Amount: $97,000
- Gross Income: $709,667
- Maintenance Expense: $150,000
- Insurance Expense: $95,000
- Manager Expense: $20,800
- Operating Expense: $339,274
School Information
- High School District: Forest Hills
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: 3 Mile & Beltline
- Listing Terms: Conventional, Other, Cash
- Tenant Pays: Common Area Maintenance