Expired Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30061869
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,124 SF
Gross Building Area: See Agent
Gross Land Area: 0.76 Acres
Sale Price: $399,950
Unit Price: $355.83 PSF
Property Use Type: Vacant/Owner-User
Building Name: Mr. Gyro
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 10/9/2017
Last Updated: 10/9/2017

Overview / Comments

Existing drive-thru restaurant located on Alpine Ave near Meijer and Home Depot. There are 28,940 cars per day driving by the large pylon sign on Alpine Ave. The total land area is approximately 0.76 acres. Plenty of room to expand the current building. Neighbors include Midas, Wendy's, Spectrum Health, Meijer, Papa John's, Jimmy John's, Arby's, Subway, Biggby Coffee, Popeye's Chicken, KFC, O'Reily Auto, McDonalds, Burger King, Sprint, Payless, and The Home Depot

The restaurant has both a 18' hood and 8' hood systems with makeup air, large walk in cooler, and a utility building with power. Turnkey drive-thru restaurant.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: CITY OF WALKER
Tax ID/APN: 41-13-12-301-025
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: I-96 & Ann Street
Property Visibility: Excellent
Largest Nearby Street: West River Drive (Hillside)
Traffic/Vehicle Count: 28,940
Highway Access: I-96 & US-131 on and off ramps located on Alpine Ave 0.5 miles north of the subject property
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 11
Parking Type: Surface
Parking Description: Currently 11 parking spaces. There is substantial room to expand the parking area if needed.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: C-3: Highway Commercial
Lot Frontage: 80
Lot Depth: 244
Water Service: Municipal
Legal Description: S 80 FT OF N 775.8 FT OF W 165 FT OF NW 1/4 SW 1/4 ALSO S 133 FT OF N 166 FT OF E 114 FT OF W 279 FT OF S 1/2 NW 1/4 SW 1/4 * SEC 12 T7N R12W 0.76 A.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,539 97,738 210,399
Median Age: 32.08 34.1 34.07
Households: 2,938 40,530 82,156


Photograph of Listing Agent

Max Grover

Grover Real Estate, Inc. CARWM Member
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