Commercial Building for Sale with River Frontage

Retail-Commercial for Sale
Catylist Listing ID: 30216301
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.55 Acres
Sale Price: $179,000
Unit Price: $8.95 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2018

Overview / Comments

Once a small-town variety store, this 20,000 SF commercial building sits at a key corner of downtown Hesperia on the main branch of the White River, and is across the street from the White River Dam. This building includes four parcels with 272 feet of river frontage, offering an excellent spot for a restaurant/bar, riverfront apartments, senior housing complex, or a sport store.

Additional Details

Nearest MSA: Muskegon
County: Newaygo
Taxing Authority: Denver Township; Village of Hesperia
Tax ID/APN: 620930325010; -001; -002; -003
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: N Division Avenue & N Cook Street
Property Visibility: Excellent
Largest Nearby Street: M-20
Feet of Frontage: 272
Highway Access: US-31 to M-20 East. North on Division Avenue to E Michigan. Building and lots are on the NE corner of Division and Michigan; south side of the White river.
Airports: Muskegon County Airport; Manistee Airport
Area Description: Hesperia is situated on the border of Oceana and Newaygo Counties, along the beautiful White River, where you will find some of the best salmon and rainbow trout fishing in Michigan.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 20,000 SF
Property Condition: Average
Year Built: 1950
Construction/Siding: Block, Concrete, Wood Frame
Parking Type: Surface
Parking Description: Street parking and on-site parking available.
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 272 feet on White River
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Long legal descriptions for all 4 parcels on file.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 972 4,318
Median Age: 47.09 39.8
Households: 396 1,588


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