$4,700,000
Grand Rapids, MI 49525
MLS# 26010729
31761 sqft
1 / 38
Property Description
Unlock a rare investment opportunity in one of Grand Rapids most sought after professional corridors. Located on Evergreen Lake in the thriving NE submarket, this 30000 plus sq ft office and medical complex offers immediate income with upside potential. Anchored by two established long term medical tenants, the property provides built in stability while leaving significant square footage available for lease up and value creation. Purposefully designed to attract and retain high quality tenants, the building features a grand boardroom, three striking atriums with abundant natural light, and flexible office and medical suites that can be customized to maximize rental income across multiple tenant types. The layout and scale create an ideal environment for multi tenant occupancy, professional services, or a strategic reposition. Positioned within one mile of the highly desirable Knapps Corner corridor, the asset benefits from strong surrounding demographics, national retailers, and
Details
Maps
Location Property Info
County: Kent
Street #: 3264
Street Direction: N
Street Name: Evergreen
Suffix: Drive
Post Direction: NE
State: MI
Zip Code: 49525
Zip (4): 9746
OfficeContract Info
Status: Active
Current Price: $4,700,000
List Price: $4,700,000
Listing Date: 2026-03-19
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.38
Lot Square Footage: 103673
Lot Dimensions: 332 x 520 x 63 x 548
Year Built: 2003
Road Frontage: 332
Mineral Rights: No
Total # Units: 6
# Fin Bldg Lvls: 3
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
Total SqFt: 31761
Property Use Type: Vacant/Owner-User
Full Baths: 6
Waterfront: Yes
Body of Water: Evergreen Lake
School District: Forest Hills
Statewide Lakes & Rivers: Evergreen Lake
Tax Info
Tax ID #: 41-14-02-303-001
Taxable Value: 693713
SEV: 889100
For Tax Year: 2025
Seller's Annual Property Tax: 97000
Tax Year: 2025
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: 201 Comm
Remarks Misc
Directions: Beltline, N of 3 Mile to N Evergreen, E to property
Additional Details
Total Parking Spaces: 50
Passenger Elevators: 1
Ceiling Height: 10
Income and Expenses
Annual Maint ($): 150000
Annual Mgt Fees ($): 20800
Annual Prop Ins ($): 95000
Annual Utilities ($): 51000
Gross Op Income ($): 709667
Net Operating Income: 508631
Total Actual Rent: 1048941
Operating Expense: 339274
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 137
Unit 1
Unit Description: Corewell
Unit 2
Unit Description: Vacant-Walkout
Unit 3
Unit Description: Bears
Unit 4
Unit Description: Vacant-Main Floor
Unit 5
Unit Description: Vacant-2nd Floor
Unit 6
Unit Description: Vacant-2nd Floor
Property Features
Property Use: Business; Investment; Vacant/Owner-User
SqFt Information: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Security System; Smoke Detector(s)
Water Type: Lake
Uses: Professional Service; Professional/Office
Ownership: Corporation
Business Includes: Furniture; Real Estate
Construction Type: Block; Concrete; Frame/Wood; Steel
Exterior Material: Brick; Stucco
Roofing: Rubber
Foundation: Slab
Below Grade: Walk-Out Access
Additional Features: Bath Common Area; Fire Sprinkler
Tenant Pays All: Common Area Maintena
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt; Paved
Street Type: Paved
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo; Other
Sale Conditions: None
Possession: Close Of Escrow; Subject To Tenant Rights
Supplements
consistent foot traffic. Immediate access to major employers, retail, dining, and I 96 enhances long term tenant demand and leasing velocity.
With a blend of in place cash flow, leasing upside, and a premier location, this is a high potential asset for investors seeking to add value and drive returns in a proven growth corridor. Opportunities like this in NE Grand Rapids are limited, position your portfolio to capitalize on both stability and future upside.
Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Listing Agent: Timothy Anders
Last Updated: March - 19 - 2026
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