Office/Retail Building For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30541437
Property Subtypes: Office Building, Other
Building Size (RSF): 2,970 SF
Gross Land Area: 0.18 Acres
Sale Price: $350,000
Unit Price: $117.85 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 2,970 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/13/2020

Overview / Comments

Investment Opportunity.! Single tenant building leased to Vestaburg Schools on a NNN basis. New five (5) year lease in place with 3% annual increases. Call LA for additional details.

Financials

Finance Data Year 2008
Real Estate Taxes - Annual($) $78,500 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-17-13-353-020
Zoning: B-2
Property Located Between: US - 131 and Clyde Park
Highway Access: US - 131
Site Description: Y452F: S 177 FT OF E 50 FT OF W 508.86 FT OF SW 1/4 SW 1/4 ALSO S 183 FT OF E 6 FT OF W 514.86 FT OF SW 1/4 SW 1/4 SEC 13 T6N R12W
Area Description: DIRECTIONS: US 131 South of Downtown Grand Rapids to 36th Street, West 1/4 mile to property.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1935
Construction/Siding: Block
Parking Type: Surface
Parking Description: On-Site
Total Parking Spaces: 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,656 130,484 279,278
Median Age: 33.75 32.06 33.51
Households: 6,725 47,484 105,355
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.