Investment Opportunity - Village of Ada

Retail-Commercial for Sale
Catylist Listing ID: 30044631
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 10,492 SF
Gross Building Area: See Agent
Gross Land Area: 0.23 Acres
Sale Price: $1,599,000
Unit Price: $152.40 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2017

Overview / Comments

The building is fully leased in the Village of Ada. Schnitz Ada Grill occupies approximately 4,489 square feet and Ada Bike Shop occupies approximately 6,012 square feet. Also has a 2,621 square foot basement currently used as storage and work shop area for the Bike Shop. Parking cross-easements in place with adjacent buildings in the back of the building. For more information please call the listing office. More information and financials are available upon request.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Ada/Cascade
Taxing Authority: Village of Ada
Tax ID/APN: 41-15-34-103-020
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Located Between: Thorn apple Drive and Bronson St SE
Property Visibility: Excellent
Largest Nearby Street: Fulton Ave E
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,388 21,397 56,921
Median Age: 37.18 41.42 39.08
Households: 463 7,469 21,240

Contact

Photograph of Listing Agent

Chad Clemens

M Retail LLC
CARWM Member
Photograph of Listing Agent

Chris Muller

M Retail LLC CARWM Member
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