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Additional details
$2,495,000
Est. payment /mo
2 Baths
17,460 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 17,460 sqft
Price per Sqft $142
MLS Listing ID 65026058547
Year Built 1989
Lot Size 1.910 Acres
Acres 1.91
Property Sub-Type BusinessandRealEstate
Property Description
1850 44th St SW is a 12-suite professional office building of about 17,460 SF on 1.91 acres, set among mature trees and minutes from US-131 and M-6. It offers three ways in: buy it for the income, occupy it as an owner-user, or take over an established office operation.Investors get a largely occupied building with established financial, legal, real estate, and wellness tenants, on-site management, and income growth built in. A temporary rent concession ends 1/1/2027, and legacy-priced suites come up for renewal in 2027. Current gross leases can be kept or restructured as they renew.Owner-users can run their business from a credible, client-ready address with a professional lobby and waiting area, elevator, ample free parking, and monument signage opportunities on 44th St SW, with tenant income to help offset the cost of ownership.Owner-operators can step into a working model of fully serviced private offices. Gross rent covers utilities, internet, trash, lawn care, snow removaland shared amenities, with no CAM charges or reconciliations for tenants. The current owner-operator's lease may be available to assume, and multiple offices are available through lease takeover or negotiated buyout, subject to landlord and tenant approval.
Tenants share a break room and two full sets of restrooms, with a high-end Vietnamese coffee shop in the lobby. Recent work includes a replaced 7.5-ton rooftop HVAC system, new front doors, access control, security cameras, fire suppression upgrades, and building network infrastructure. Rent roll, financials, and leases available with a signed NDA. Listing agent is an owner, a licensed real estate agent, and a tenant, and the listing brokerage leases space in the building.
Tenants share a break room and two full sets of restrooms, with a high-end Vietnamese coffee shop in the lobby. Recent work includes a replaced 7.5-ton rooftop HVAC system, new front doors, access control, security cameras, fire suppression upgrades, and building network infrastructure. Rent roll, financials, and leases available with a signed NDA. Listing agent is an owner, a licensed real estate agent, and a tenant, and the listing brokerage leases space in the building.
Location
State MI
County Kent
Area Area41171Wyoming
Rooms
Basement Common Storage Locker, Full
Interior
Heating Electric, Natural Gas, None
Fireplace No
Exterior
Utilities Available None, PhoneAvailable
View Y/N No
Roof Type Composition
Building
Foundation Basement
Sewer Public Sewer, Storm Drain
Water Public
New Construction No
Schools
School District Wyoming
Others
Ownership LLC
Acceptable Financing Assumable, Cash, Conventional, Lease
Listing Terms Assumable, Cash, Conventional, Lease
Special Listing Condition AgentOwned
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Listed by Ryan M Prichard of Glover Agency
Nearby School & Business
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