GRANDVILLE RETAIL BUILDING

Retail-Commercial for Sale
Catylist Listing ID: 30053749
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 2,139 SF
Gross Building Area: See Agent
Sale Price: $245,000
Unit Price: $114.54 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/11/2017

Overview / Comments

FULLY OCCUPIED BY TWO TENANTS. ICE CREAM SHOP AND PHOTOGRAPHY STUDIO. RIGHT IN DOWNTOWN GRANDVILLE WITH GREAT WIDE OPEN PARKING AVAILABLE. PERFECT INVESTMENT OPPORTUNITY IN THE MIDDLE OF GRANDVILLE.

Attachments & Media

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Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $6,127 (Annual)
Assessed Value - Total($) $130,600 (Annual)
Potential Rental Income $22,148 (Annual)
Net Operating Income $14,720 (Annual)
Gross Operating Income $22,148 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street West
Tax ID/APN: 41-17-17-113-001
Zoning: COMMERCIAL
Retail Clientele: General, Family, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Renovated: 2012
Roof Type: Flat
Construction/Siding: Vinyl Siding
Exterior Description: CULTURED STONE ON FRONT
Parking Type: Surface
Parking Description: LOTS OF EMPTY PARKING SPACES
Heat Source: Central

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,403 64,754 197,711
Median Age: 36.81 35.32 33.63
Households: 2,402 25,369 74,082

Contact

Photograph of Listing Agent

Nicholas Hibma

FS Realty LLC Not a member of CARWM

Source

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