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1425 Michigan St NE
Grand Rapids, MI 49503
Office Property For Sale
EXECUTIVE SUMMARY
The property at 1425 Michigan Street NE is located near the Michigan and Fuller interchange which offers excellent access to I-196 near the Medical Mile . The vacant space is currently used as an Emergency Veterinarian Clinic and could easily be connected to either medical or general office use. The property has a 5.5 / 1000 parking ratio which is rare and provides employees an opportunity for free parking. The facility is also located on a bus route and has signage on busy Michigan Street. There are two (2) additional tenants that occupy the building.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
28,955 SF
Building Class
C
Year Built
1971
Price
$6,022,575 CAD
Price Per SF
$208.00 CAD
Percent Leased
44%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
28,955 SF
Building FAR
0.24
Lot Size
2.81 AC
Zoning
SD-NOS
Parking
163 Spaces (5.63 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 41-14-20-476-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,099,604 CAD |
PROPERTY TAXES
Parcel Number
41-14-20-476-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,099,604 CAD
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