Commercial Sale

Retail-Commercial for Sale
Catylist Listing ID: 30045494
Property Subtypes: Street Retail
Building Size (RSF): 21,200 SF
Gross Building Area: See Agent
Sale Price: $210,000
Unit Price: $9.91 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/23/2017

Overview / Comments

Great opportunity to be had with 21000+ square foot building right down town Hastings! There are many possibilities with this piece of real estate. Though it is one building now, it was at one time three. Potential investor could separate them with the city, and make them multiple buildings once again. The second level has some finished and unfinished areas. Perfect for offices or apartments. A section of the upstairs has a large open area with tall ceilings ready for clean up and new construction. The main level is all finished and divided into 3 different areas. There is a finished basement in the main store area. Plenty of windows at this store's front. Public parking both in front and behind.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Barry
Taxing Authority: City of Hastings
Tax ID/APN: 08-55-201-133-00
Zoning: B-1
Retail Clientele: General, Business
Property Located Between: Michigan Ave. and Jefferson St.
Property Visibility: Excellent
Largest Nearby Street: Michigan Ave.
Feet of Frontage: 60
Highway Access: 2 blocks down the street from M-37/M-43 Hwy. intersection.
Area Description: In an high traffic area of downtown Hastings.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1944
Construction/Siding: Block
Exterior Description: Brick/Stone; Concrete Block; Stucco.
Parking Type: Other
Parking Description: Public Parking for customers in front of building and behind.
Heat Type: Natural Gas
Heat Source: Other
Interior Description: 3 separate areas beside an upstairs and basement under the main section.
Zoning Description: Zoned B-1
Lot Frontage: 32,670
Lot Depth: 60x126x60x126x60
Water Service: Municipal
Sewer Type: Municipal
Legal Description: E 22FT LOT 580. EX S 6FT FOR ALLEY. ALSO W 16FT LOT 581; EX S 6FT FOR ALLEY, ORIG PLAN OF THE VILLAGE NOW CITY OF HASTINGS.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,707 10,265 17,144
Median Age: 31.26 39.28 40.05
Households: 1,000 4,029 6,481

Contact

Photograph of Listing Agent

Larry Allerding

Miller Real Estate Not a member of CARWM
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