Freestanding Industrial 54th and US131

Industrial for Sale
Catylist Listing ID: 30328283
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Office Showroom, Other
Building Size (RSF): 9,330 SF
Gross Land Area: 0.49 Acres
Sale Price: $495,000
Unit Price: $53.05 PSF
Ceiling: 13 ft. / 11.5 ft. Clear
Docks/Doors: 3 Doors
Office SF: 4,830 SF
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/16/2019

Overview / Comments

Incredible visibility. Immediate access to US-131 at 54th Street. Hard to find small industrial building for purchase. Zoned I-2. Available October 2018. 3 Overhead doors with electric openers, a 4th door could easily be reactivated. No docks. Ceiling height 15' to roof deck, 13.5' clearance. No security or sprinklers.
Building Information: 2 buildings (4,830sf & 4,500sf) connected by walkway. Construction is block & pre-engineered steel with 4" concrete curb wall. Includes 2 offices, reception area, open space, showroom, storage and industrial shop. 2 bathrooms (1 in shop and 1 A.D.A. approved in showroom). Portions of roofing have been replaced in 2004 and remaining has been maintained as needed. Power includes 480 3-phase with 600 amp service, buss bar and transformer that converts to 220 3-phase. Forced air gas heat, ceiling units in showroom and shop, air conditioning in office.

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Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-17-36-130-017
Zoning: I-2
Property Located Between: 54th Street & Clay Ave
Highway Access: US-131 at 54th Street
Site Description: Physical and mailing address is 5390 Clay, for city and county parcel purposes the address is 451 54th Street.
Area Description: North east corner of 54th Street and Clay off US-131
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 9,330 SF
Property Condition: Good
Year Built: 1973
Construction/Siding: Block
Parking Type: Surface
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 600
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Ceiling Units
Lighting: Fluorescent
Zoning Description: I-2 - General Industrial District (includes light industrial)
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,894 131,144 264,674
Median Age: 33.56 32.58 33.61
Households: 4,956 48,671 98,852
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.