Investment Opportunity

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30624510
Property Subtypes: Free-Standing Building, Other, General
Status: Pending
Building Size (RSF): 4,200 SF
Gross Building Area: 4,300 SF
Gross Land Area: 1 Acre
Sale Price: $420,000
Unit Price: $100 PSF
Ceiling: 18 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

First Class, Free Standing building. Long term Tenant with 7 years remaining on lease.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $175,300 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: City of Walker
Tax ID/APN: 41-07-08-100-003
Zoning: MH (HEAVY IND.)
Retail Clientele: General, Family
Property Visibility: Excellent
Highway Access: i-96
Airports: Gerald R Ford International
Area Description: DIRECTIONS: 96 to Fruit Ridge Exit, head S to 3 Mile, W on 3 Mile, property on S side.
Tenancy: Single Tenant
Property Condition: Excellent
Year Built: 2007
Construction/Siding: Block, Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,847 31,315 93,996
Median Age: 35.72 39.63 34.66
Households: 1,815 12,641 37,308
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.