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211 W Pine Lake Dr 8,727 SF 100% Leased Office Building Newaygo, MI 49337 $2,664,206 CAD ($305.28 CAD/SF) 8.40% Cap Rate
Executive Summary
NAI Wisinski presents the investment sale of a single-tenant medical office building ideally situated on W Pine Lake Drive in Newaygo, Michigan. The property consists of approximately 8,726 SF with an additional 1,290 SF basement and is 100% leased to Corewell Health.
This well-maintained asset serves as the primary urgent care destination for Newaygo and the surrounding communities, and also accommodates family medicine/primary care and physical therapy services. Corewell Health is a leading healthcare provider in Michigan, operating a comprehensive, patient-centered care model and employing a large regional workforce—providing strong tenant stability and long-term credit strength.
Property features and investment highlights:
• 100% occupied single-tenant medical office (Corewell Health). Lease expires 10/31/2031
• Total building area: ~8,726 SF; basement: ~1,290 SF
• Premier medical use: urgent care hub plus primary care and physical therapy
• Prominent exposure: high-visibility pylon sign on W Pine Lake Drive
• Attractive, well-maintained architecture and clinical buildout tailored to healthcare operations
This offering presents a compelling opportunity to own a stabilized medical office leased to a high-credit regional health system in a primary community location.
Contact NAI Wisinski for pricing, lease details, and to schedule a tour.
This well-maintained asset serves as the primary urgent care destination for Newaygo and the surrounding communities, and also accommodates family medicine/primary care and physical therapy services. Corewell Health is a leading healthcare provider in Michigan, operating a comprehensive, patient-centered care model and employing a large regional workforce—providing strong tenant stability and long-term credit strength.
Property features and investment highlights:
• 100% occupied single-tenant medical office (Corewell Health). Lease expires 10/31/2031
• Total building area: ~8,726 SF; basement: ~1,290 SF
• Premier medical use: urgent care hub plus primary care and physical therapy
• Prominent exposure: high-visibility pylon sign on W Pine Lake Drive
• Attractive, well-maintained architecture and clinical buildout tailored to healthcare operations
This offering presents a compelling opportunity to own a stabilized medical office leased to a high-credit regional health system in a primary community location.
Contact NAI Wisinski for pricing, lease details, and to schedule a tour.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,727 SF
Building Class
C
Year Built
1995
Price
$2,664,206 CAD
Price Per SF
$305.28 CAD
Cap Rate
8.40%
NOI
$223,793 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,727 SF
Building FAR
0.09
Lot Size
2.19 AC
Zoning
B-2
Parking
30 Spaces (3.44 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 19-30-125-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $735,605 CAD |
Property Taxes
Parcel Number
19-30-125-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$735,605 CAD
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211 W Pine Lake Dr
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