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549 Seminole Rd, Suite 103

549 Seminole Rd, Norton Shores, MI 49444

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Overview

Exceptional Office Condo at 549 Seminole Rd, Suite 103, Norton Shores, MI 49444 offers an attractive opportunity for investors seeking stable income and long-term upside. Located in the desirable Seminole Woods Office Park just off busy Seaway Drive, this professionally remodeled executive office condo combines strong visibility, easy access, and a well-maintained business setting. The ±1,084 SF suite was renovated in 2023 and features a bright, modern layout with private offices, conference space, reception area, restroom, and kitchenette. Situated within a quality office development built in 2005, the property benefits from ample on-site parking and a strong professional presence. This turnkey investment is 100% occupied by a single tenant under a modified gross lease since 2018, with two additional renewal options. Current NOI is $10,557, with 3% annual rent escalations already in place. Offered at $138,500, this low-maintenance asset presents a compelling 7.6% cap rate in a high-traffic Norton Shores location.

Turnkey investment - Leased to a solid tenant since 2018, providing stable, long-term cash flow.
Strong Financials: Current Net Operating Income (NOI) of $10,557 with 3% annual rent escalations.
Out-of-suite storage included for non-current items.
Prime-Location; High-traffic area with easy access and strong professional presence within the office park.