720 Three Mile Road NW

Office for Sale
Sale Pending
Catylist Listing ID: 29889885
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 4,674 SF
Gross Land Area: 0.76 Acres
Sale Price: $425,000
Unit Price: $90.93 PSF
Ceiling: 20 ft.
Property Use Type: Investment
Class of Space: Class D
Sale Terms: Cash to Seller
Cap Rate: 8.9%
Last Updated: 11/8/2017

Overview / Comments

Buyer can be both occupant of the ground floor and landlord for the upper floor. Upper floor tenant just renewed. Ground floor tenant has no renewal rights.

At the I-196/Alpine Ave Interchange.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Alpine Corridor
Taxing Authority: City of Walker
Tax ID/APN: 41-13-12-101-075
Highway Access: Immediate access to both US-131 and I-96 via the Alpine Ave. interchanges.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1983
Parking Type: Surface
Lot Frontage: 120
Lot Depth: 275
Legal Description: 411312101075 E 2 FT OF LOT 5 & LOTS 6 & 7 & W 18 FT OF LOT 8 BLK 1 EX N 50 FT THEREOF ALSO N 1/2 OF THAT PART OF VAC PORTION OF EAGLE ST /50 FT WIDE/ ADJ TO SD LOTS ON THE S ALSO E 2 FT OF LOT 5 EX S 22 FT & LOTS 6 & 7 EX W 18 FT OF S 22 FT OF LOT 6 & W 18 FT OF LOT 8 BLK 2 ALSO S 1/2 OF THAT PART OF VAC PORTION OF EAGLE ST /50 FT WIDE/ ADJ TO SD LOTS ON THE N * EDISON'S GREEN BLUFFS SPLIT ON 09/30/2005 FROM 41-13-12-101-064, 41-13-12-101-065;

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,024 84,234 189,580
Median Age: 33.72 34.73 34.56
Households: 3,045 33,855 75,436
© Copyright Commercial Alliance of REALTORS West Michigan. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.