4.000 sqft, Commercial, Downtown Wayland

Retail-Commercial for Sale
Catylist Listing ID: 30162647
Property Subtypes: Restaurant, Street Retail, General
Building Size (RSF): 4,000 SF
Sale Price: $197,000
Unit Price: $49.25 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/16/2018

Overview / Comments

This is a well located street commercial building in the city of Wayland, MI along the US 131 corridor, halfway between Grand Rapids and Kalamazoo, Michigan.

This 4,000 sqft retail building has a very nice 2,000 sqft apartment up for added income or residence. This location was a successful restaurant for many years...in recent years was used as an antique and used goods store. There is plenty of on street parking as well as a large municipal parking lot in back.


Finance Data Year 2017
Real Estate Taxes - Annual($) $2,785 (Annual)
Assessed Value - Total($) $83,500 (Annual)
Finance Data Year 2007
Real Estate Taxes - Annual($) $2,785 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Allegan
Taxing Authority: Wayland, MI
Tax ID/APN: 03-24-06-060-000
Zoning: COMM
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Superior
Highway Access: US 131 to Wayland exit..
Site Description: LL IN LO
Tenancy: Single Tenant
Number of Stories: 2
Property Condition: Average
Year Built: 1900
Roof Type: Flat
Construction/Siding: Aluminum Siding
Parking Type: Other
Parking Description: On street and adjacent municipal...Plenty
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Package Unit
Lot Frontage: 50
Lot Depth: 99
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,089 14,843
Median Age: 35.36 36.46
Households: 3,269 5,244
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