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: $148,000
Unit Price: $37 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2018

Overview / Comments

This is a well located, main 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
Heat Source: Central
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
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.