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

Contact

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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