1029-1035 4 Mile RD NW

Retail-Commercial for Sale
Sale Pending
Also listed as Shopping Center
Catylist Listing ID: 29942663
Property Subtypes: Mixed Use
Status: Pending
Building Size (RSF): 13,000 SF
Gross Land Area: 1.13 Acres
Sale Price: $545,000
Unit Price: $41.92 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: 4 MILE CENTER
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/26/2017

Overview / Comments

Nice Retail / Commercial building near busy Alpine Ave and 4 Mile Intersection. Solid tenant leases 4,800 SF. Great situation for either a user who wants to occupy the remaining 8,200 SF space and have the existing tenant pay their mortgage and expenses, or an investor who wants to lease out the remaining space. New Physical Therapy / Sports Training facility being constructed behind the building.

Please contact listing agent for more information.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $15,911 (Annual)
Assessed Value - Total($) $370,100 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Alpine Corridor
Taxing Authority: Alpine Township
Tax ID/APN: 41-09-35-475-008
Zoning: C-2
Retail Clientele: General, Family, Business
Property Located Between: Alpine Ave and Bristol
Property Visibility: Excellent
Largest Nearby Street: Alpine Ave
Traffic/Vehicle Count: 11,893
Airports: Gerald R Ford International Airport
Area Description: DIRECTIONS: I-96 TO ALPINE AVE., NORTH TO 4 MILE, W TO PROPERTY.
Tenancy: Multiple Tenants
Number of Stories: 1
Property Condition: Good
Year Built: 1979
Year Renovated: 2006
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,767 54,493 155,516
Median Age: 29.43 36.19 35.3
Households: 3,875 21,867 63,380

Contact

Source

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