1560 Leonard St NW

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 30323380
Property Subtypes: Retail-Pad
Building Size (RSF): 12,904 SF
Gross Land Area: 0.80 Acres
Sale Price: $1,650,000
Unit Price: $127.87 PSF
Ceiling: 18 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/21/2019

Overview / Comments

Over 12,000 SF of prime commercial/mix-use space situated on the lighted intersection of Leonard Street and Walker Avenue. Site provides ample exposure on both streets and ample parking for variety of uses, including warehouse, storage, mixed-use, office and retail. The building can be configured into multiple units or used as-is for singular function. Site has varying ceiling heights from 12’ to 18’ and has multiple OH doors for flexibility and use. The showroom has 10'+ ceiling heights and terrazzo tile floor underneath the carpet. Within the lower levels and basement, brand new living quarters with living room areas, kitchenette, private office and two full restrooms. Site comes with pylon sign and billboard income.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Northwest Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-23-102-004
Zoning: TN-TBA
Largest Nearby Street: Walker
Feet of Frontage: 270
Traffic/Vehicle Count: 10,632
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1951
Year Renovated: 2018
Construction/Siding: Concrete, Steel Frame
Exterior Description: Brick/Wood
Parking Type: Surface
Parking Description: Ample
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,966 98,803 230,765
Median Age: 35.54 32.83 33.1
Households: 6,790 39,961 88,842

Contact

Photograph of Listing Agent

Joe Rizqallah

Signature Associates
CARWM Member
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