Commercial Property For Sale on M-37

Retail-Commercial for Sale
Catylist Listing ID: 30631259
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 12,000 SF
Gross Land Area: 3.95 Acres
Sale Price: $800,000
Unit Price: $66.67 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2020

Overview / Comments

This 12,000 SF former restaurant and event center in Newaygo offers an excellent investment opportunity. Custom-built building sits on 3.95 acres with 208 feet of frontage on Mason Drive (M-37) and is surrounded by professional office and service establishments including a hotel, dental office, vet office and Michigan Works office. It is located only minutes from M-82 and downtown Newaygo. Property has multiple entrances and ample parking in both the front and rear of the building. Class C/SDM Liquor Licenses and kitchen equipment are also available.

Additional Details

Nearest MSA: Muskegon
County: Newaygo
Taxing Authority: Garfield Township - Newaygo County
Tax ID/APN: 62-18-36-200-043
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: W 92nd Street and E 88th Street
Property Visibility: Excellent
Largest Nearby Street: M-37
Feet of Frontage: 208
Highway Access: Building is located on the west side of M-37/Mason Drive.
Site Description: Excellent visibility with 208 feet of frontage on M-37. Large front and rear parking lots.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 2002
Construction/Siding: Brick
Exterior Description: Brick and stone exterior with large, covered drop-off area at front entrance.
Parking Type: Surface
Parking Description: Ample parking in large front and rear lots.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: It is the intent of the General Commercial District to accommodate a variety of retail uses primarily extended to serving the residential areas and needs of Garfield Township, and to a lesser extent, adjoining communities or transient consumers. Permitted uses include offices for personal or business services, retail establishments, personal service establishments and eating and drinking establishments.
Lot Frontage: 208
Lot Depth: 731 - irregular
Water Service: Well
Sewer Type: Septic
Legal Description: PART SE 1/4 NE 1/4 COM AT E 1/4 COR N01D05'56"E 518.62 FT TO POB, TH S88D57'58"W 441.92 FT, TH S03D01'05"E 52.97 FT, TH N88D36'38"W 303.13 FT, TH N00D54'01"E 263.23 FT, TH S89D55'15"E 741.97 FT (ALSO MEASURED S88D51'06"E 731.28 FT) TO E SEC LN, TH S01D05'56"W ALG E SEC LN 208.70 FT TO BEG SEC 36 T12N R13W 4 A M/L

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,451 12,200
Median Age: 37.2 38.5
Households: 1,347 4,458


Photograph of Listing Agent

Robert Eklund

Red Sky Realty, LLC
CARWM Member
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