120 S Main St, Wayland, MI 49348

Retail-Commercial for Sale
Catylist Listing ID: 30499167
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 4,000 SF
Gross Building Area: 6,930 SF
Sale Price: $215,000
Unit Price: $53.75 PSF
Ceiling: 11 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/25/2020

Overview / Comments

Centrally located Main St building in the city of Wayland, along the US 131 corridor, halfway between Grand Rapids and Kalamazoo. This 3,807 sq ft retail store has a very nice 1,923 sq ft apartment above for added income or residence. Plenty of on street parking as well as a large municipal parking lot in the back. Building has had multiple uses over time including restaurant, gift shop, store,etc. Complete renovation of the building front including new windows was done last year totaling $80k In updating and renovation.

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Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Allegan
Taxing Authority: Wayland
Tax ID/APN: 56-006-060-00
Zoning: COMM
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Superior
Highway Access: US 131 to Wayland Exit
Site Description: Front facade is all new, so new windows, door and awning Vinyl siding and awning are new on rear of building
Area Description: DIRECTIONS: 131 SOUTH TO WAYLAND EXIT, EAST TO MAIN SOUTH TO BLDG
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,000 SF
Year Built: 1900
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Street Parking or back Parking Lot
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 50
Lot Depth: 99
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM AT A PT 111.85' S OF 1/4 POST BET SEC'S 5 & 6 TH S 53.15' TH W 137' TH N 51.55' TH E 23.05' TH ELY APPROX 81' TO A PT 111.85' S & 33' W OF SD 1/4 POST TH E 33' TO POB EX THE E 33' FOR HWY PURPOSES ALSO EX COM AT NE COR LOT 2 AE SAWYERS PLAT TH N 4.10' M/L TH WLY 99.65' TH S 4.35' M/L TH ELY 99.66' TO POB SEC 6 T3N R11W. (69).

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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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