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30897276
30897277

4398 Roger B Chaffee Memorial Blvd SE, Grand Rapids, MI 49548

AE
MI 6502430903
Pantheon Commercial, LLC
Listed by Pantheon Commercial, LLC
$825,000
85 days on market
Updated 85 days ago
Opportunity zone

4398 Roger B Chaffee

Details
Property Type Industrial, Office
Sub Type Flex, Traditional Office
Square Footage 10,562
Units 3
Cap Rate 8.06%
NOI $66,468
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $78
Broker Co-Op Yes
Year Built 1969
Stories 2
Acreage 1.560
Zoning I-1
Investment Type Net Lease
Occupancy Date 03/11/2026
Dock High Doors 3

Industrial | 8.06% CAP | 10,562 SqFt

Marketing description

Pantheon Commercial is proud to present the opportunity to acquire 4398 Roger B Chaffee Memorial Drive, a professional office/flex building located in Wyoming, Michigan (Grand Rapids MSA). The property is comprised of 10,562 square feet situated on approximately 1.56 acres. Located on the signalized hard corner of Roger B Chaffee Memorial Drive iand 44th Street n Wyoming, providing convenient access to US-131 and the greater Grand Rapids metro area.

The building is currently 100% occupied by three professional tenants operating under triple net (NNN) leases — Driesenga & Associates, Inc. (Engineering, Surveying & Testing), MJW Consulting LLC (Mechanical/Electrical/Plumbing Design Services), and LS Management — providing investors with a predictable, low-management income stream.

The two-story brick building features ample surface parking, and outside storage, rear drive-in door access, and prominent monument signage visible from the road. The building layout provides flexible professional office and light flex space, which continues to attract high-quality professional services tenants.

Wyoming, Michigan is a thriving suburb immediately adjacent to Grand Rapids and one of the most strategically located commercial submarkets in West Michigan, with exceptional access to US-131 and I-196/Gerald R. Ford Freeway. The property sits on the hard signalized corner of Roger B Chaffee Memorial Blvd SE & 44th Street SE with a combined traffic count of nearly 40k VPD.

This is an excellent opportunity to acquire a fully-occupied, NNN-leased office/flex asset with strong professional tenancy in an established Wyoming commercial corridor. With long-term leases in place, this property offers investors stable cash flow with minimal landlord obligations and long term upside.

Listing Contacts

AE
MI 6502430903
Pantheon Commercial, LLC
Listed by Pantheon Commercial, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$66,468.00
$5,539.00/mo

Valuation Metrics

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DSCR
8.06%
Cap Rate
8.06%
ROI

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