4249 Parkway Place Drive, Grandville, MI 49418 (MLS# 16041179)

4249 Parkway Place Drive, Grandville, MI 49418

$2,850,000

Virtual Tour

http://www.propertypanorama.com/instaview/wmlar/16041179

Property Type: Commercial Sale Square Footage: 18,800 Lot Size (sq. ft.): 115,869 Status: Sold

Current Price: $2,850,000 List Date: 8/09/2016 Last Modified: 10/20/2021

Overview

Description

This is a fantastic investment opportunity to own a fully leased, multitenant, office building just north of Rivertown Parkway in Grandville, MI. The 2.66 acre property has frontage on 44th Street, SW to the north and Parkway Place to the south. Parkway place provides shared access to the Harold Zeigler Dealership, as well as several other professional office buildings nearby. Building is 100% leased and a 9 CAP. Please contact agent at 616-638-6019 for financials and additional details.

Listing Details MLS# 16041179

Location Property Info

County: Kent
Street #: 4249
Street Name: Parkway Place
Suffix: Drive
State: MI
Zip Code: 49418

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 2.66
Lot Square Footage: 115869
Lot Dimensions: 275' x 305'
Year Built: 2007
Road Frontage: 275
Mineral Rights: Unknown
Total # Units: 4
# Fin Bldg Lvls: Yes
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total SqFt: 18800
Total Net SqFt: 18800
Property Use Type: Investment
Full Baths: 8
Waterfront: No
School District: Grandville

Tax Info

Tax ID #: 41-17-30-227-007
Taxable Value: 917143
SEV: 1049300
For Tax Year: 2016
Seller's Annual Property Tax: Yes
Tax Year: 2016
Spec Assessment & Type: Unknown
Non-Conforming Use: No
Zoning: OS-1
Homestead %: 0

Remarks Misc

Directions: Rivertown Parkway to Canal Avenue, SW. North on Canal then east on 44th St. SW and Parkway Place is the first street on the right.

Status Change Info

Under Contract Date: 2016-08-16
Sold Date: 2016-10-04
Sold Price/SqFt: 151.6

More Information

Additional Details

Total Parking Spaces: 108

Location & Property Info

Cross Streets: Canal Ave. & Wilson Ave.
Property Sub-Type: Office
Area: Grand Rapids - G
Municipality: Grandville City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 159.57
Prop Avail for Lease?: No
Current Bldg Use: Office Investment

Remarks & Misc

Legal: Lengthy Legal.

Street Type

Paved: Yes

Property Use

Investment: Yes
Net Leased (nnn): Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional/Office: Yes

Construction Type

Frame/Wood: Yes

Exterior Material

Brick: Yes
Stone: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Docs at List Office

Aerial Photo: Yes
Plat Map: Yes
Survey: Yes

Business Includes

Real Estate: Yes

Additional Features

Multi User Facility: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes

Driveway

Paved: Yes

Docs Req Conf Agrmnt

Financials: Yes
Leases: Yes
Rent Roll: Yes
Site Plan: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Property Features

Property Use: Investment; Net Leased (nnn) Uses: Professional/Office Ownership: LLC Business Includes: Real Estate Construction Type: Frame/Wood Exterior Material: Brick; Stone Roofing: Composition Below Grade: None Additional Features: Multi User Facility Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved Purchase Terms Avail: Cash; Conventional Docs at List Office: Aerial Photo; Plat Map; Survey Docs Req Conf Agrmnt: Financials; Leases; Rent Roll; Site Plan Sale Conditions: None Possession: Close Of Escrow

Listing Office: Cherette Group

Listing Agent: Dennis L Cherette

Last Updated: October - 20 - 2021

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