Retail Office space, $19,200 annual carrying costs savings
Office
for Sale
| Catylist Listing ID: |
30511858 |
| Property Subtypes: |
Office Building
|
| Condo? |
Yes |
| Building Size (RSF): |
2,000 SF
|
| Gross Building Area: |
8,000 SF |
| Sale Price: |
$199,900 |
| Property Use Type: |
Vacant/Owner-User |
| Usable Size (USF): |
8,000 SF |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/1/2020 |
Overview / Comments
|
Unfinished office/retail commercial space. 8000 sq ft already roughed-in to 4 units, with electrical and plumbing. Very nice looking building in a very desirable location. In the Belding Commons 2 of the 4 buildings are still available. If both remaining buildings are sold together the Developer Rights will be included. This means the buyer would not have to pay association fees and dues until units are occupied, a carrying cost savings of $19,200 per year. Once units are occupied, those fees and dues would kick in, which could transfer to occupant. See listing for 1324 West State Rd for details. This is a rare opportunity with extremely low carrying costs. This opens the door for the small investor.
|
Additional Details
| Nearest MSA: |
Grand Rapids-Kentwood |
| County: |
Ionia |
| Taxing Authority: |
City of Belding |
| Tax ID/APN: |
34-401-300-000-004-01 |
| Is Condo?: |
Yes |
| Zoning: |
COMMERCIAL 201, ZONING CODE B-2 |
| Property Located Between: |
Entrance between large Belding Commons sign and the Subway sandwich shop at entrance |
| Property Visibility: |
Excellent |
| Highway Access: |
High traffic area on M-44, West side of Belding |
| Site Description: |
Modern business complex with very flexible zoning ranging from offices to a gym and/or sports facility, retail or food courts. Many possibilities. Another building currently occupied by health care professionals. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
8,000 SF |
| Year Built: |
2006 |
| Year Renovated: |
2018 |
| Roof Type: |
Arched |
| Construction/Siding: |
Block, Concrete, Wood Siding |
| Exterior Description: |
Front of buildings are inviting decorated with beautiful stonework. . Many windows with pleasant exterior views, and parking lot freshly sealed and lined. The commons is decorated with various trees and is well lit for those after dark appointments. |
| Parking Type: |
Surface |
| Parking Description: |
Parking Lot, freshly paved and striped. |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Interior Description: |
Roughed in framing, electrical and plumbing |
| Zoning Description: |
Commercial 201. Zoned B-2 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Land Ownership: |
Privately owned |
| Legal Description: |
THE COMMONS AT BELDING CONDOMINIUM, ACCORDING TO THE MASTER DEED RECORDED IN LIBER 634, PAGE 3645, IONIA COUNTY RECORDS, AS AMENDED, AND DESIGNATED AS IONIA COUNTY CONDOMINIUM SUBDIVISION PLAN NO. 61, TOGETHER WITH RIGHTS IN THE GENERAL COMMON ELEMENTS AND THE LIMITED COMMON ELEMENTS AS SHOWN ON THE MASTER DEED AND AS DESCRIBED IN ACT 59 OF THE PUBLIC ACTS OF 1978, AS AMENDED. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,695 |
8,213 |
14,149 |
| Median Age: |
34.16 |
36.12 |
37.4 |
| Households: |
648 |
3,070 |
5,280 |
|
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