LAKE MICHIGAN COMMERCE PARK -ON M-45 NEAR STANDALE - UNITS 15 THRU 19

Industrial for Sale
Catylist Listing ID: 30028447
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Status: Proposed
Building Size (RSF): 12,000 SF
Gross Land Area: 1.50 Acres
Sale Price: $648,000
Unit Price: $54 PSF
Ceiling: 18 ft. / 16 ft. Clear
Drive In Bays: 5 Bays
Property Use Type: Vacant/Owner-User
Building Name: LAKE MICHIGAN COMMERCE PARK
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2017

Overview / Comments

New 12,000 SF Condo Building under construction. This would be one-half on a 24,000 SF Building. Quality built steel, cinder block and split face construction. Here is an opportunity to own a new 12,000 SF Industrial Condo Building. This is the 2nd Building in the very successful Lake Michigan Commerce Park. Ideal for an owner to occupy all or part of this 12,000 SF and lease out the balance. Set up for 5 industrial condo units with 5 overhead doors. Condo size is 150' X 80'. Includes 6" reinforced concrete floor which will not be poured until buyer has a layout for plumbing, bathrooms and floor drain locations. Owner is willing to sell the entire 24,000 SF building which is offered for sale on a separate listing. Abundant layout of designated parking . Conveniently located on M-45 just West of the Standale Village Business District with Meijer and many national restaurants and retail stores. Condo Bylaws and Master Deed available upon request.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Taxing Authority: Tallmadge Township
Tax ID/APN: 70-10-24-397-(015,016,017,018,019)
Zoning: I-1 LIGHT INDUSTRIAL
Property Located Between: 1st Ave and 8th Ave just west of Standale on M-45
Highway Access: M-45 and M-11 with easy access to I-96 and I-196
Airports: GERALD R FORD INTERNATIONAL AIRPORT
Site Description: Adjoins Phase 1 Industrial Building with 21,000 SF with 14 Units
Area Description: Established Industrial Businesses, commercial / retail and new housing development on Sessions Drive adjoining this location.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1 SF
Year Built: 2017
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Building complies with new architectural designs established by Tallmadge Township. Brick facade percentage/ window coverage, etc
Parking Type: Surface
Parking Description: Designated Parking Layout with several areas for Common Area Parking and Guest Parking
Total Parking Spaces: 54
Eave Height: 18
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Natural Gas
Interior Description: Open / Unfinished
Zoning Description: I-1 Light Industrial
Lot Frontage: 80
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities
Easements Description: Part of Master Deed Description and Easements of Record
Land Ownership: Lake Michigan Commerce Park, LLC
Legal Description: Part of a larger over-all description

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,398 25,697 98,736
Median Age: 34.06 37.17 36.84
Households: 1,249 10,049 38,234

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