COMMERCIAL FREESTANDING BUILDING IN OPPORTUNITY ZONE

Retail-Commercial for Sale
Also listed as Industrial, Office
Catylist Listing ID: 30380360
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other, General
Building Size (RSF): 5,195 SF
Gross Land Area: 0.34 Acres
Sale Price: $155,000
Unit Price: $29.84 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

5,195 SQ/FT BUILDING LOCATED IN THE CITY OF GRAND RAPIDS AND A PART OF THE OAKDALE NEIGHBORHOOD WHICH IS A DESIGNATED OPPORTUNITY ZONE.

THE EXTERIOR OF THE PROPERTY HAS BEEN UPDATED WITH A NEW ROOF, NEW ROOFTOP HVAC UNIT, AND PAINT. THE INTERIOR OF THE BUILDING IS IN GRAY-BOX FORM ALLOWING A BUYER THE OPPORTUNITY TO BUILD THE INTERIOR OUT TO THEIR SPECIFIC NEEDS. THE EXISTING STRUCTURE WOULD LEND WELL TO A CONTRACTOR, WAREHOUSE, STORAGE, OR AUTOMOTIVE USES.

SALE ALSO INCLUDES 816 EVERGREEN ST SE

ALL USES TO BE APPROVED BY THE CITY OF GRAND RAPIDS. OPPORTUNITY ZONE STATUS TO BE APPROVED BY THE US TREASURY.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: East Grand Rapids
Taxing Authority: CITY OF GRAND RAPIDS
Tax ID/APN: 41-18-05-155-001 & 41-18-05-155-007
Zoning: LDR
Property Located Between: HALL AND BURTON
Property Visibility: Excellent
Largest Nearby Street: EASTERN & HALL
Airports: GERALD R FORD INTERNATIONAL AIRPORT
Site Description: LOTS 12 & 13 BLK 8 ALSO N 7 FT OF LOT 14 BLK 8* OAKDALE PARK ADDITION
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1952
Roof Type: Flat
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: LOW DENSITY RESIDENTIAL
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,097 150,699 301,376
Median Age: 29.33 31.53 33.34
Households: 7,841 55,370 115,994

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