Multi-Tenant Investment Opportunity

Shopping Center for Sale
Catylist Listing ID: 30465194
Property Subtypes: Mixed Use
Building Size (RSF): 20,750 SF
Gross Land Area: 2.53 Acres
Sale Price: $475,000
Unit Price: $22.89 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

Great upside potential
Outstanding visibility from M-66 with ample parking
Property includes two residential income properties behind retail building
2017 renovations include:
- New roof on 80% of the building
- New fa├žade, including new storefront, metal entrance cover, stone columns, storefront glass and doors
Ideal for owner/occupant

Financials

Finance Data Year 2010
Real Estate Taxes - Annual($) $9,321 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ionia
Submarket/Township: Other area
Tax ID/APN: 34-060-090-000-275-00
Zoning: MIXED
Site Description: PROPERTY INCLUDES STRIP CENTER AND TWO RESIDENTIAL PROPERTIES; ONE PARCEL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,893 13,827 20,230
Median Age: 33.61 34.39 35.73
Households: 1,090 3,377 5,791
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.