Retail Center

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30457483
Property Subtypes: Strip Center, General
Building Size (RSF): 21,082 SF
Sale Price: $700,000
Unit Price: $33.20 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2020

Overview / Comments

This fully rented 21,000 square foot building is available for $700,000. It currently generates $8,950/m gross rent. The suites pay their own gas and electric bills. The parking lot is owned and maintained by the City and the retail center has the use of it.

Financials

Finance Data Year 2006
Real Estate Taxes - Annual($) $338,508 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Allegan
Submarket Type: Central Business District
Tax ID/APN: 03-56-05-000-400
Zoning: CBD
Retail Clientele: General, Family, Traveler, Tourist, Recreation, Casino
Property Visibility: Excellent
Site Description: DNA
Area Description: DIRECTIONS: US-131 SOUTH TO EXIT 64: 135TH/W SUPERIOR EAST TO WAYLAND TO PROPERTY.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Parking Type: Surface
Parking Description: Parking lot is maintained by the City and available to the retail center.
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

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

Contact

© Copyright 2001-2020 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.