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Wyoming Dental/ Advanced Foot & Ankle 1621 44th St SW 6,883 SF 100% Leased Office Building Grand Rapids, MI 49509 $1,675,104 CAD ($243.37 CAD/SF) 8.55% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic Counts
- 100% Leased
- Dynamic Corner
- Medical Office Building For Sale
EXECUTIVE SUMMARY
HIGH PROFILE Sharp Professional Office Building on the corner of 44th Street and Burlingame!
An 8.5% CAP rate on current rent roll and 2024 expenses under current ownership. This Professional Medical Building provides nice stability with 3 Units vs just a sole Tenancy. Each unit has a very strong Tenant with good lease history. The largest primary suite is leased through 2033!
Each Suite is very nicely laid out with open entry's, private offices and exam rooms, open workspace areas, kitchenettes and in suite restrooms (see attached floor plans of each). The exterior has been recently painted and landscape updated giving it a very tasteful contemporary look.
This is all on the dynamic corner of 44th Street and Burlingame with great visibility and traffic counts ideally suited for medical Tenants. There is also a large pylon sign with a static sign for each Tenant and a nice sized digital sign which is a great feature for Tenants at the building.
Located in an area that has other professional and medical business, shopping including Rivertown Crossings Mall and Bucktown also down the street from the newly developed "downtown" Wyoming with local businesses and City events.
This is a great opportunity to get into the market.
An 8.5% CAP rate on current rent roll and 2024 expenses under current ownership. This Professional Medical Building provides nice stability with 3 Units vs just a sole Tenancy. Each unit has a very strong Tenant with good lease history. The largest primary suite is leased through 2033!
Each Suite is very nicely laid out with open entry's, private offices and exam rooms, open workspace areas, kitchenettes and in suite restrooms (see attached floor plans of each). The exterior has been recently painted and landscape updated giving it a very tasteful contemporary look.
This is all on the dynamic corner of 44th Street and Burlingame with great visibility and traffic counts ideally suited for medical Tenants. There is also a large pylon sign with a static sign for each Tenant and a nice sized digital sign which is a great feature for Tenants at the building.
Located in an area that has other professional and medical business, shopping including Rivertown Crossings Mall and Bucktown also down the street from the newly developed "downtown" Wyoming with local businesses and City events.
This is a great opportunity to get into the market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,883 SF
Building Class
B
Year Built
1988
Price
$1,675,104 CAD
Price Per SF
$243.37 CAD
Cap Rate
8.55%
NOI
$143,257 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,883 SF
Slab To Slab
9’
Building FAR
0.17
Lot Size
0.92 AC
Zoning
BI - Commercial
Parking
51 Spaces (7.41 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 41-17-22-476-036 | Total Assessment | $660,643 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
41-17-22-476-036
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$660,643 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Wyoming Dental/ Advanced Foot & Ankle | 1621 44th St SW
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