Near US131 Retail, Medical, Banquet, possible Drive-Thru potential

Retail-Commercial for Sale
Catylist Listing ID: 28397871
Property Subtypes: Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 11,377 SF
Gross Land Area: 0.75 Acres
Sale Price: $495,000
Unit Price: $43.51 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: Dollar General adjacent building or site
Usable Size (USF): 11,377 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2017

Overview / Comments

Retail Building West side suite of 11,377 sq. ft. adjoins Dollar General. This sale is a proposed zero Lot Line property split. Across street from Comcast Cable Customer Service Center. A lot of customers at this location just 1 block West of Clyde Park SW. Ample parking all around the building. NW corner of 36th street SW & Burr SW. Zoning allows a drive thru. This location would be ideal for a discount retailer, medical, banquet hall space (liquor license available). Drive-thru could be added on south side of building. This sale subject to a formal splitting of the property, which city has verbally approved - Ask Broker for details. Member of LLC is a Mich real estate broker.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-17-14-482-008
Zoning: COMMERCIAL B-1
Market Type: Large
Retail Clientele: General, Family, Business
Property Located Between: US-131 & Byron Center SW
Side of Street: North
Road Type: Paved, Outlot
Property Visibility: Excellent
Largest Nearby Street: Clyde Park SW
Feet of Frontage: 120
Traffic/Vehicle Count: 20,500
Transportation: Bus, Highway
Highway Access: US-131 is 1/2 mile east of this property. Clyde Park Ave SW is 1 block east of this property.
Airports: Kent County International Airport GRR
Site Description: 20,500 traffic count - Highly visible building with parking on all sides, Semi-trailer access is no problem. 2 unit building with Dollar General on one side. Excellent signage. Open floor plan.
Area Description: Working class neighborhood. Convenient road access and generous amount of parking. Centrally located to the entire Grand Rapids metro area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,377 SF
Property Condition: Good
Year Built: 1972
Year Renovated: 2007
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Block and brick exterior. This suite has glass sliding door entrance and loading areas in the rear.
Parking Type: Surface
Parking Description: Shared parking with Dollar General +- 105 spaces.
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Open plan with center core of electric room & 2 bathrooms. Space could be split.
Zoning Description: Commercial - Neighborhood commercial - City open to uses not specifically shown in the ordinance. Contact listing broker for details.
Lot Frontage: 120 for this portion of the site. 300 overall.
Lot Depth: 300 ft
Easements Description: For a sale of this portion of the larger parcel, mutual easements will be created.
Land Ownership: LLC
Legal Description: PART SE 1/4 COM AT SW COR OF KENNETH ST /60 FT WIDE/ & BURR AVE /60 FT WIDE/ TH W ALONG S LINE OF SD KENNETH ST 300 FT TO E LINE OF SW 1/4 SW 1/4 SE 1/4 SE 1/4 TH S ALONG SD E LINE TO N LINE OF 36TH ST /66 FT WIDE/ TH E ALONG N LINE OF 36TH ST TO W LINE O

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,554 126,157 277,834
Median Age: 33.74 32 33.29
Households: 6,319 45,765 104,534
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