List Search

549 Seminole Rd
Muskegon, MI 49444 Norton Shores

$138,500 USD

Medical Condo For Sale  •  1,084 SF

Property Details

  • Property Type Medical
  • Total Building Size 6,300 SF
  • Lot Size 3 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 7.32 %
  • Tenancy Multiple
  • Zoning Prof Office B
0 Transit Score
42 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 103 Medical Office 1,084 SF $138,500 USD
  • Unit Size: 1,084 SF
  • Condo Use: Medical Office
  • Price: $138,500 USD
  • Sale Type: Investment
  • Price/SF: $127.77 USD
Description
Attractive building is part of Seminole Woods Office Park. Office condo is open & airy, recently remodeled, ample parking, easy access off Seaway Dr. Quiet location. High traffic area. Solid tenant. Annual bumps in rent.

Sale Notes
Prime investment property. Office condo.

Description 

Attractive brick building is a part of Professional condo Association known as Seminole Woods Office Park.  This suite is known as 
suite 103, it is airy, recently updated, located at the rear of the building and is quiet, overlooking natural landscaping and has a separate
employee entrance. There is extra storage alloted to this suite in the upper level of the building.
Located with easy access off Seaway Drive.  Current tenant is Alzheimer's Association, Great Lakes Chapter-since 2018.(excellent tenant)
Lease has annual bumps of 3%.

Highlights

Park-like setting, easy access, and good a. Annual bumps in rent of 3%
Attractive building is part of Seminole Woods Office Park. Open and airy, recently remodeled, ample parking, easy access off Seaway Dr.

Financial Summary

Cap Rate: 7.32 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Alzheimers Disease & Rltd Disordors 1,084 SF 12/30/2026

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 131
Type: Surface
Included in Rent: Yes
Bob Hendrick CCIM 616-402-6427 Berkshire Hathaway Clyde Hendrick REALTORS, Commercial Division
Bob Hendrick CCIM 616-402-6427 Berkshire Hathaway Clyde Hendrick REALTORS, Commercial Division