Former Plumbs on 5 acres - Reed City MI

Retail-Commercial for Sale
Catylist Listing ID: 29980860
Property Subtypes: Free-Standing Building, Retail-Pad, Other
Building Size (RSF): 17,600 SF
Gross Land Area: 5.56 Acres
Sale Price: $350,000
Unit Price: $19.89 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/8/2019

Overview / Comments

Great redevelopment opportunity in Reed City. Over 5 acres of commercial land with a former 14,000SF Building ( Former Plumbs) which is currently vacant and an additional 3600 SF adjacent building with 1 tenant ( DMV) and 1 vacant space.
Excellent location for a supermarket, discount store, flea market, automotive retail store, etc. Building has a newer roof and parking lot has had recent repairs.
Located on the main road in Reed city, Next to Pizza Hut, Family Dollar and Chemical Bank. Plenty of parking and room for expansion.
Also available for lease.

Additional Details

Nearest MSA: Big Rapids
County: Osceola
Taxing Authority: Reed City
Tax ID/APN: 52-016-049-00, 52-016-049-10 & 52-016-051-00
Retail Clientele: General, Family, Tourist
Property Located Between: Chestnut St. in Reed City
Property Visibility: Good
Largest Nearby Street: Chestnut
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Roof Type: Flat
Construction/Siding: Block
Parking Description: Ample Parking. Parking lot has been recently repaired.
Heat Source: Central
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,117 4,165 4,165
Median Age: 36.51 39.82 39.82
Households: 867 1,686 1,686
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.