3584 Fairlanes Avenue

Office for Sale
Sale Pending
Catylist Listing ID: 30382744
Property Subtypes: Medical, Office Building
Status: Pending
Building Size (RSF): 5,388 SF
Gross Land Area: 0.77 Acres
Sale Price: $495,000
Unit Price: $91.87 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 4/2/2019

Overview / Comments

Fully leased income producing medical/office building available for sale. Property is located at the corner of 36th Street and Fairlanes Avenue in the City of Grandville.
Tenant spaces fully remodeled in 2014 & 2015. Professionally managed and maintained.

Financial information is available with signed confidentiality agreement.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Taxing Authority: City of Grandville
Tax ID/APN: 41-17-18-376-057
Zoning: C-3
Property Located Between: NE corner of 36th Street and Fairlanes Avenue
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,388 SF
Year Built: 1978
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Legal Description: PART E 1/2 SW 1/4 COM 676.0 FT N 84D 45M 20S W ALONG S SEC LINE FROM S 1/4 COR TH N 84D 45M 20S W 134.0 FT TH N 1D 18M 40S E 246.81 FT PAR WITH N&S 1/4 LINE TH S 88D 41M 20S E 133.86 FT TH S 1D 18M 40S W 256.0 FT TO BEG * SEC 18 T6N R12W 0.77 A.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,331 59,955 157,950
Median Age: 36.77 36.55 34.66
Households: 2,592 23,465 58,253
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.