985 Parchment Dr SE, Grand Rapids

Office for Sale
Catylist Listing ID: 30129385
Property Subtypes: Office Building
Building Size (RSF): 7,347 SF
Gross Building Area: See Agent
Sale Price: $850,000
Unit Price: $115.69 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2017

Overview / Comments

Beautiful office building in prime location. Remodeled in 2015, high ceilings and ample parking. Ideal for owner user with additional income potential. Full footprint basement with three walkouts 60% finished that includes a large conference room, kitchen, multiple offices, two bathrooms, and a shower. Roof replaced 2015, property appraised at $880,000 in 2015 prior to $100,000 renovation. One tenant in place currently. Current owner may stay in place as a tenant if desired.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Ada/Cascade
Taxing Authority: Grand Rapids Township
Tax ID/APN: 41-14-36-455-008, 009, 010, 011
Zoning: COMMERCIAL
Total Number of Buildings: 1
Parking Type: Surface
Parking Description: Ample parking

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,956 56,389 186,461
Median Age: 41.87 39.07 35.86
Households: 3,030 21,857 72,388
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