Exceptional Investment Opportunity - Ionia

Retail-Commercial for Sale
Catylist Listing ID: 30314712
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 14,280 SF
Sale Price: $129,900
Unit Price: $32.48 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

Exceptional investment opportunity on high traffic M-21 located just outside Ionia City limits on double commercial lot. 4,000 square feet, 5 separate units, 3 electric services, 2 furnaces/gas services and city utilities. Common upper and lower baths. Building and property are extremely well kept with all newer mechanicals and new metal roof. Upper and lower well maintained parking areas accommodate at least 20 spots. Also includes ppn 051 110 000 010 00. Great investment with tons of cash flow.

Additional Details

Nearest MSA: Ionia
County: Ionia
Taxing Authority: Easton Township
Tax ID/APN: 34 051 110 000 005 00
Zoning: COMMERCIAL
Feet of Frontage: 120
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Good
Year Built: 1938
Year Renovated: 1983
Total Parking Spaces: 20
Parking Type: Surface
Legal Description: HARDENDORFS SUBDIVISION OF NW 1/4 OF NE 1/4 LOT 1.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,753 13,827 18,553
Median Age: 30.36 34.39 35.2
Households: 635 3,377 5,118

Contact

Photograph of Listing Agent

Thomas Paarlberg

Greenridge Realty (Corp) Not a member of CARWM
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