NE Ann/Alpine Corridor Redevelopment Property

Retail-Commercial for Sale
Sale Pending
Also listed as Vacant Land, Industrial
Catylist Listing ID: 30424818
Property Subtypes: Mixed Use, Other
Status: Pending
Building Size (RSF): 11,587 SF
Gross Building Area: See Agent
Gross Land Area: 3.23 Acres
Sale Price: $895,000
Unit Price: $77.24 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/8/2019

Overview / Comments

Potential for redevelopment property on eight contiguous parcels. Located on the NE corridor of Ann/Alpine/Nason. Six buildings occupy this corridor in a variety of uses and sizes from 1040 SF to 3280 SF. Commercial improved zoning to the south on the parcels in the City of Grand Rapids and heavy industrial zoning to the north on the parcels in the City of Walker.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: City of Walker and City of Grand Rapids
Tax ID/APN: 41-13-12-352-006, 41-13-12-351-050, 41-13-13-101-013, 41-13-13-101-012, 41-13-13-101-003, 41-13-13-101-002, 41-13-13-101-014, 41-13-12-351-049
Zoning: COMMERCIAL IMPROVED & HEAVY INDUSTRIAL
Retail Clientele: General, Other
Property Located Between: North of Pannell on South Alpine at Ann
Property Visibility: Excellent
Largest Nearby Street: Alpine / Ann
Highway Access: US-131 at Ann st. / I-96 at Alpine St.
Site Description: Eight contiguous parcels on the NE corridor of Ann/Alpine/Nason. Formerly used as auto sales and service.
Area Description: NE corridor of Ann/Alpine/Nason
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 1
Zoning Description: HI: Heavy industrial zoning to the north of the parcels in the City of Walker and TCC: commercial improved zoning to the south of the parcels in the City of Grand Rapids.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,735 106,816 225,335
Median Age: 31.78 33.39 33.56
Households: 4,011 44,074 86,453
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.