Former Office Depot - 28th St and Radcliff

Expired Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30040468
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 47,266 SF
Gross Land Area: 4.22 Acres
Sale Price: $3,600,000
Unit Price: $76.16 PSF
Ceiling: 25 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Office Depot
Usable Size (USF): 47,266 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 25
Expired On: 8/9/2017
Last Updated: 8/9/2017

Overview / Comments

Great re-development opportunity on the 28TH St Retail Corridor. Directly across from Woodland Mall on the Corner of 28th St and Radcliff. This building includes 25,000sf "Box" space- currently vacant (Former Office Depot), along with approx 10K SF of in-line retail space which could be re-purposed. Great visibility and High traffic area- easy accessibility. Guitar Center also occupies approx 11k SF and has 4.5 years left on their lease. This is a great property for the right investor or Owner/user who desires a presence in this major retail area.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Southeast
Taxing Authority: City of Kentwood
Tax ID/APN: 41-18-15-227-006
Zoning: C-2
Retail Clientele: General, Other
Property Located Between: SW Corner of 28th st and Radcliff
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: 28th St
Highway Access: I-96 at 28th st
Airports: Gerald R. Ford International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 47,266 SF
Property Condition: Average
Year Built: 1988
Year Renovated: 2009
Roof Type: Flat
Construction/Siding: Block, Metal Siding
Parking Type: Surface
Parking Description: Ample.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-2. It is recommended that interest parties contact the City of Kentwood Zoning Department to verify that their intended use conforms to the current zoning.
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,316 88,629 245,463
Median Age: 38.26 35.24 33.34
Households: 4,682 35,040 93,159


Photograph of Listing Agent

Russ Bono, CCIM

NAI Wisinski of West Michigan CARWM Member
Photograph of Listing Agent

Tim Platt

NAI Wisinski of West Michigan CARWM Member
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