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549 Seminole Rd 1,084 sq ft Office / Medical Unit Offered at £103,502 in Muskegon, MI 49444
INVESTMENT 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.
EXECUTIVE SUMMARY
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%.
PROPERTY FACTS
| Total Property Size | 6,300 sq ft | Typical Floor Size | 6,300 sq ft |
| Property Type | Office (Unit) | Year Built | 2005 |
| Property Subtype | Medical | Total Plot Size | 3.00 ac |
| Costar Property Class | B | Parking Allocation | 10/1,000 sq ft |
| Floors | 1 | ||
| Use Class | Prof Office B - Institutional; Professional Service, Professional Office | ||
| Total Property Size | 6,300 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 6,300 sq ft |
| Year Built | 2005 |
| Total Plot Size | 3.00 ac |
| Parking Allocation | 10/1,000 sq ft |
| Use Class | Prof Office B - Institutional; Professional Service, Professional Office |
1 UNIT AVAILABLE
Unit 103
| Unit Size | 1,084 sq ft | Net Initial Yield | 7.32% |
| Price | £103,502 | NOI | £7,571.74 |
| Price Per sq ft | £95.48 | No. Parking Spaces | 50 |
| Unit Use | Office / Medical | APN/Parcel ID | 2776700000050 |
| Sale Type | Investment |
| Unit Size | 1,084 sq ft |
| Price | £103,502 |
| Price Per sq ft | £95.48 |
| Unit Use | Office / Medical |
| Sale Type | Investment |
| Net Initial Yield | 7.32% |
| NOI | £7,571.74 |
| No. Parking Spaces | 50 |
| APN/Parcel ID | 2776700000050 |
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.
MAJOR TENANT INFORMATION
| TENANT | sq ft OCCUPIED | LEASE END DATE |
|---|---|---|
| Alzheimers Disease & Rltd Disordors |
1,084 sq ft
|
December 2026
|
CONTACT
-
Bob Hendrick CCIM -
Berkshire Hathaway Clyde Hendrick REALTORS, Commercial Division
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549 Seminole Rd
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