Prime commercial real estate located on heavily traveled M66

Retail-Commercial for Sale
Catylist Listing ID: 30020808
Property Subtypes: Free-Standing Building, Mixed Use, Other, General
Building Size (RSF): 13,500 SF
Gross Land Area: 5 Acres
Sale Price: $649,900
Unit Price: $48.14 PSF
Ceiling: 24 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/6/2017

Overview / Comments

Prime commercial real estate located on heavily traveled M66 between Ionia and M66. 5 Acre corner lot on same intersection that accesses the new Sparrow Medical Facility. The three large outbuilding on the property offer approx 13,700 sq ft of living space. Main building is currently occupied by long term tenant and has bathroom and office facilities. There is Endless opportunity here!

Financials

Finance Data Year 2000
Real Estate Taxes - Annual($) $117,000 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ionia
Submarket/Township: Other area
Taxing Authority: Berlin Twp
Tax ID/APN: 34-11-12-000-020
Zoning: COMMERCIAL
Site Description: NE corner of W 325' S 735' E 325' N 735' to POB. Sec 12 T6N R7W Berlin Twp, Ionia County, State of MI.
Area Description: DIRECTIONS: I-96 TO IONIA EXIT, N TO DAVID SW CORNER.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1965
Construction/Siding: Concrete

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,677 16,241
Median Age: 41.61 35.08
Households: 673 4,191

Contact

Photograph of Listing Agent

Douglas Yntema

Altus Group CARWM Member

Source

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