Multi Tenant Retail Center for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30325785
Property Subtypes: Retail-Pad
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.21 Acres
Sale Price: $595,000
Unit Price: $85 PSF
Ceiling: 11 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/16/2019

Overview / Comments

Potential investment opportunity. Nearly fully occupied. Excellent demographics and proximity to high density residential areas. Owner indicated newer roof. Call listing agent for additional information or viewing options as to not disrupt current tenants.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-17-351-029
Retail Clientele: General
Property Located Between: 32nd Street & 36th Street
Largest Nearby Street: 28th Street SE
Feet of Frontage: 140
Traffic/Vehicle Count: 17,662
Highway Access: US 131
Airports: Gerald R. Ford International Airport
Site Description: Great visibility and on site parking. 1990 Structure with newer roofing.
Area Description: Population growth area. Easy access to highway, less than 2 miles from US-131.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,000 SF
Year Built: 1989
Construction/Siding: Block
Total Parking Spaces: 50
Parking Type: Surface
Zoning Description: Commercial
Legal Description: 41-18-17-351-029

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,603 139,936 283,664
Median Age: 33.52 33.18 33.3
Households: 3,665 50,646 107,748
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.