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Park Place 10500 Chicago Dr 16 250 pi² 100% Loué Commerce de détail Immeuble Zeeland, MI 49464 1 983 368 $ CAD (122,05 $ CAD/pi²) 8,27% Taux de capitalisation



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Résumé de l'annonce
Pantheon Commercial is pleased to present West Park Office Center, a 16,082 SF multi-tenant professional office building on 1.78 acres along Chicago Drive in Zeeland, Michigan. Built in 1997 with 85 surface parking spaces and zoned O-S (Office-Service), the property is anchored by Vee's Grill & Coney Island and home to a diversified roster of professional services tenants spanning legal, financial advisory, medical, wellness, and real estate uses.
The asset is positioned directly on Chicago Drive, the primary commercial corridor connecting Holland and Zeeland, drawing daytime traffic from Gentex, Herman Miller, Haworth, and the broader West Michigan manufacturing base. Multiple tenants have occupied their suites for five or more years, with documented lease renewals across the roster signaling strong tenant retention. The building's restaurant anchor occupies the prominent corner suite and serves as a destination draw for the property's professional services tenants. The property has a very strong leasing history, and the property has continued upside in getting current leases marked to market as they roll over.
Offered at $1,450,000 West Park Office Center represents an accessible foothold in the stable Holland-Zeeland submarket for 1031 exchange buyers, and investors seeking a small-cap entry point into West Michigan's professional office sector with an extremely low basis of only $90/SF.
The asset is positioned directly on Chicago Drive, the primary commercial corridor connecting Holland and Zeeland, drawing daytime traffic from Gentex, Herman Miller, Haworth, and the broader West Michigan manufacturing base. Multiple tenants have occupied their suites for five or more years, with documented lease renewals across the roster signaling strong tenant retention. The building's restaurant anchor occupies the prominent corner suite and serves as a destination draw for the property's professional services tenants. The property has a very strong leasing history, and the property has continued upside in getting current leases marked to market as they roll over.
Offered at $1,450,000 West Park Office Center represents an accessible foothold in the stable Holland-Zeeland submarket for 1031 exchange buyers, and investors seeking a small-cap entry point into West Michigan's professional office sector with an extremely low basis of only $90/SF.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
16 250 pi²
Classe d’immeuble
B
Année de construction
1997
Prix
1 983 368 $ CAD
Prix par pi²
122,05 $ CAD
Taux de capitalisation
8,27%
Revenu net d’exploitation
164 025 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,20
Taille du lot
1,90 AC
Zonage
O/S - District des services de bureau
Stationnement
83 places (5,11 places par 1 000 pi² loué)
Façade
91’ sur Chicago Dr
Commodités
- Affichage
Plutôt praticable à pied
30/100
Exceptionnellement facile d’accès en voiture
100/100
Moyennement praticable en vélo
70/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 70-16-23-250-021 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 143 925 $ CAD |
Impôts fonciers
Numéro de lot
70-16-23-250-021
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 143 925 $ CAD
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Park Place | 10500 Chicago Dr
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