2450 28th St SW

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30044628
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 23,115 SF
Gross Land Area: 3.43 Acres
Sale Price: $1,300,000
Unit Price: $56.24 PSF
Ceiling: 24 ft. / 15 ft. Clear
Docks/Doors: 1 Dock, 8 Doors
Property Use Type: Vacant/Owner-User
Building Name: ZZ Performance
Usable Size (USF): 23,115 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2017

Overview / Comments

Well located industrial/office or retail building with outside storage or display capability and great 28th Street visibility. Previous occupant utilized showroom and lot for retail sales. Exhaust system in place, trench drain down center. T8 lighting. Ideal for truck or car repair. Property is fenced. Office space includes showroom and mezzanine.

Office area divided among open office area, 4 private offices, conference room, kitchen area, storage closet and 2 barrier free ½ baths. Poured concrete mezzanine used for lunchroom and storage area. 
Repair garage area Clear span, locker room, mechanical room, shop office. Former wash bay and bulk oil storage room. Eleven 16 foot insulated drive through doors. Exhaust system.

Property accessed via two curb cuts off 28th Street and from Daisy.

Showroom has VCT floors.

Total Building SF 23,115
Total Industrial SF 17,165
Total Office SF 5,950
Showroom SF 3,000
Year Built 1992 and 2014
Nearest Daily Traffic Count on 28th: 25,310

Exterior Loading Docks 1 semi height and 1 pick up height
Two 5 ton overhead cranes

Seller will be relocating to a larger building and will be leasing the property back for one year from closing.

Zoning Details - City of Wyoming - Light Industrial

The following uses are permitted in the I-1 industrial district within an enclosed building:
The wholesaling or warehousing of any item except for the sale or leasing of motor vehicles. Industrial establishments as follows: The assembly, fabrication, manufacture, packaging or treatment of such products as food products (excluding butchering and animal slaughtering), candy, drugs,
cosmetics and toiletries, musical instruments, optical goods, toys, novelties, electrical instruments and appliances, radios and phonographs; pottery and figurines or other ceramic products using only previously pulverized clay. The assembly, fabrication, manufacture or treatment of such products from the following previously prepared materials: Bone, canvas, cellophane, cloth, cork, felt, fibre, glass, leather, paper, plastics, precious or semiprecious metals or stones, sheet metal (excluding large stampings such as automobile fenders or bodies), shell, textiles, wax, wire, wood (excluding saw and planing mills) and yarns.
Tool and die shops; metal-working machine shops involving the use of grinding or cutting tools, manufacturing of tools, dies, jigs and fixtures; publishing, printing or forming of box, carton and cardboard products. Laboratories, research or testing. Central dry cleaning plants and laundries. Public utility buildings, telephone exchange buildings and electric transformers. Accessory buildings and uses customarily incidental to the above uses. Off-street parking. Office type uses. Billboards, when abutting a freeway or major thoroughfare. Municipal buildings and uses. Building and construction contractors with no outside storage.
(Code 1983, § 60.60; Ord. No. 2-96, § 2, 2-20-96; Ord. No. 06-06, § 1, 2-6-06; Ord. No. 03-07, § 3, 2-5-07)

Sec. 90-472. - Permitted uses after special approval.
The following uses may be permitted in the I-1 industrial district subject to the approval of the planning commission after receiving a report from the planning director:
Truck terminals. Trucks exceeding 5,500 pounds in vehicle weight and truck trailer sales and display, rental and repair. Recreational vehicle storage yards. Mineral extraction, borrow pit or topsoil removal. Radio, television, microwave or wireless communication towers.
(Code 1983, § 60.61; Ord. No. 21-98, § 6, 10-5-98) Sec. 90-473. - Open storage.
All manufacturing activities in the I-1 industrial district shall be conducted within an enclosed building, except that external storage of materials shall be permitted, provided that the storage area shall be visibly screened from all streets and adjoining commercial and residential properties with a
noncombustible fence or wall, or with a nondeciduous planted screen, at least five feet in height and at least 80 percent solid, and of such design and constructed of such material and maintained in such a manner as shall be in keeping with the character of the area. In instances where the building
inspector determines that any wall required by this chapter will satisfy any portion of this open storage screening requirement, the building inspector may waive such applicable portion of this open storage screening requirement.
(Code 1983, § 60.62)

Independence Realty – COMMERCIAL, Randy Bronkema, welcomes your call to explore this property as well as to discuss your overall real estate strategy, whether as tenant / buyer / seller / landlord. Comprehensive industry experience with a wide range of project responsibilities that prove invaluable to an extensive client base, plus over a quarter of a century of commercial experience gives you a rare and seasoned perspective coupled with invaluable understanding. Whether sales, leasing or site selection. I can provide a strategic, results-producing solution.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street West
Taxing Authority: City of Wyoming
Tax ID/APN: 41-17-16-226-043
Zoning: I-1 INDUSTRIAL LIGHT
Property Located Between: Byron Center and Ivanrest Avenues on south side of 28th
Highway Access: From I-196, 28th St exit, then east to property. From US-131, 28th St exit, then west to property
Airports: Gerald R Ford International Airport
Area Description: Primarily retail, industrial and residential.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1992
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Block, Concrete, Metal Siding
Parking Type: Surface
Parking Description: asphalt with a large gravel fenced in lot
Overhead Cranes: Undisclosed
Heat Type: Natural Gas, Space Heaters, Suspended Radiant Heaters
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Interior Description: Office area is divided among open office area, 4 private offices, conference room, kitchen area, storage closet and 2 barrier free ½ baths. Poured concrete mezzanine used for lunchroom & storage area. Repair garage area is clear span, locker room, mechanical room, shop office. Former wash bay and bulk oil storage room. Eleven 16’ footinsulated drive in doors. Exhaust system.
Zoning Description: I-1, Industrial, Light with the potential for retail use
Lot Frontage: 317.86 feet
Lot Depth: 464 feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,055 91,204 262,950
Median Age: 31.77 31.9 32.74
Households: 4,864 32,745 99,264

Contact

Source

© Copyright Commercial Alliance of REALTORS West Michigan. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.