3094 28th St SE

Retail-Commercial for Sale
Catylist Listing ID: 30135647
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 20,000 SF
Gross Land Area: 1.11 Acres
Sale Price: $1,950,000
Unit Price: $97.50 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 8/17/2017

Overview / Comments

Shopping center investment opportunity. Lower level 100% occupied. Upper level recently renovated with brand new white box finish, ready to be leased up. Cash-flowing property on prominent corner on 28th St retail corridor. Adjacent vacant land available as optional package deal. Additional on-site storage, with 2 docks and 1 drive-in door available on long-term sublease.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Southeast
Taxing Authority: City of Kentwood
Tax ID/APN: 41-18-15-228-044
Zoning: C-2
Property Visibility: Excellent
Largest Nearby Street: 28th Street and East Beltline
Traffic/Vehicle Count: 34,014
Highway Access: Minutes away from I-96, East Beltline and close to US-131.
Airports: Less than 5 miles from Gerald R Ford International Airport
Area Description: One of the most prominent intersections in Grand Rapids. Directly across 28th St from Woodland and Centerpointe Malls.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2006
Year Renovated: 2016
Total Parking Spaces: 125
Parking Type: Surface
Interior Description: Brand new white box finish, with soundproofed floors. Oversized windows provide warm natural light. Extra high ceilings create up-scale ambiance. Large, open spaces with flexible configurations available.
Zoning Description: C-2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,316 86,881 234,245
Median Age: 38.26 35.34 33.48
Households: 4,682 34,436 88,964

Contact

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