3264 N Evergreen Drive NE

Grand Rapids, MI 49525
Square Ft.
31,761
$4,700,000
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 providesRead MoreRead Less
Courtesy of Berkshire Hathaway HomeServices Michigan Real Estate (Main), Timothy J Anders.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Office
Square Ft.
31,761
Lot Size
2.38 Acres
Year Built
2003
MLS Number
26010729
30 Days Snapshot Of 49525
$541k
+46%
(avg) sold price
17
-22%
homes sold
42
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Area: 2.38, 2.38 acres, Dimensions: 332 x 520 x 63 x 548, 103,673 square feet
Property Access
Road Surface Type: "Paved"
Building
Building Area Total: 31,761, Building Features: "Bath Common Area", "Fire Sprinkler", "Security System", Construction Materials: "Stucco", "Brick", Number Of Buildings: 1, Number Of Units Total: 6, Year Built: 2003, 3 total stories
Cooling
Cooling Included, Cooling: "Central Air"
Expenses
Maintenance Expense: $150,000, Manager Expense: $20,800, Operating Expense: $339,274, Insurance Expense: $95,000
Foundation
Foundation Details: "Slab"
Water Features
Water Body Name: Evergreen Lake, Waterfront Features: "Lake", Waterfront Property
Heating
Heating: "Forced Air", Heating Included
Income
Gross Income: $709,667, Net Operating Income: $508,631
Parking
Parking Total: 50
Property
Business Type: "Professional/Office", "Professional Service", Parcel Number: 41-14-02-303-001, Property Sub Type: Office
Roof
Roof: "Rubber"
Taxes
Annual Amount: $97,000, Tax Year: 2025
Tenant Pays
Tenant Pays: "Common Area Maintenance"
Utilities
Utilities: "Phone Connected", "Natural Gas Connected", "Electricity Connected", "Cable Connected"
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Mike Smallegan
REALTOR®
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