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: 6/28/2017

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
Zoning: ORP: OFFICE, RESEARCH, & PARKING
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

Source

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