RETAIL - VACANT LAND - Drive Thru

Vacant Land for Sale
Also listed as Retail-Commercial, Shopping Center
Catylist Listing ID: 29582838
Property Subtypes: Retail, Retail-Pad, Other, General
Gross Land Area: 1 Acre
Sale Price: $399,000
Unit Price: $399,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

Fantastic 1 acre parcel with lots of frontage on 52nd Street SE. This Commercial lot is pre-approved to have a drive-thru. The land lays flat and could have may different uses BANK, CREDIT UNION, FAST FOOD, and Many more. This PAD site is a part of the Shoppes at 52nd Street, Tenants (Jimmy Johns, Bailey Groves Beverages, Fabulous Nail, PJ's Pizza, China I, COCO Salon, Hershey's Ice cream and Child Time Day Care Center.

There has been a lot of success for the current tenants in the retail center which is supported by the high traffic counts of 52nd and East Paris Ave. Also the maturing neighborhood of Bailey's Grove and maturing/growing Wildflower Creek neighborhood.
17,206 Vehicles a day.

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $4,393 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Airport District
Tax ID/APN: 41-18-35-229-001
Zoning: COMMERCIAL-PUD
Market Type: Medium
Property Located Between: East Paris & Kalamazoo Ave
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Legal Description: 411835229001 UNIT 1 * BAILEY'S GROVE VILLAGE CENTER KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.589 LIBER 6132 PAGE 673 AS AMENDED BY LIBER 6348 PAGE 219 & AS AMENDED BY REPLAT NO.1 INSTRUMENT NO.20070228-0022340 SPLIT ON 01/23/2008 FROM 41-18-35-228-001, 41-18-35-228-002, 41-18-35-228-003, 41-18-35-228-004, 41-18-35-226-006;
Largest Nearby Street: 52nd
Feet of Frontage: 185
Traffic/Vehicle Count: 17,206
Highway Access: Easy Access to M-6
Site Description: LL in LO
Area Description: DIRECTIONS: Broadmoor South to 52nd, West to property
Lot Frontage: 185
Lot Depth: 215
Zoning Description: Commercial PUD
Development Name: SHOPPES AT 52ND ST

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,664 46,119 153,450
Median Age: 31.76 36.03 35.3
Households: 2,060 18,511 58,412

Contact

Photograph of Listing Agent

Arnold Grover

Grover Real Estate, Inc.
CARWM Member
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