Auto Repair and Service Center

Retail-Commercial for Sale
Catylist Listing ID: 30736512
Property Subtypes: Vehicle Related
Building Size (RSF): 2,990 SF
Gross Building Area: See Agent
Gross Land Area: 41,140 SF
Sale Price: $395,000
Unit Price: $132.11 PSF
Ceiling: 15 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: Sprinkle Road Service Center
Usable Size (USF): 2,990 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2021

Overview / Comments

The property located on the corner of S. Sprinkle Rd and Centre Ave. across from the new Stryker Corporation plant. High traffic volume on Sprinkle Rd lends itself to high visibility for this or other type of use. Currently occupied by an auto service center on a month to month basis. Tenant aware of property for sale and will vacate within 30 days after closing of a sale. Building on the corner is zoned B-3 with the vacant lot adjoining on the South zoned B-1.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $7,654 (Annual)

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: Portage
Tax ID/APN: 02020-001-0 & 00024-005-A
Zoning: B-3 & B-1
Retail Clientele: General, Business
Property Located Between: Center Ave & Suffieldwoods Ave.
Property Visibility: Excellent
Largest Nearby Street: Center Ave
Feet of Frontage: 242
Highway Access: Located 4 miles South of I-94 and 4 miles East of US-131
Airports: Kalamazoo/Battle Creek International - 2 miles
Site Description: Corner lot, level in nature. Paved parking, overall condition is above average.
Area Description: Commercial industrial corridor on the south eastern part of greater Kalamazoo and Portage
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,990 SF
Property Condition: Average
Year Built: 1970
Year Renovated: 1992
Roof Type: Flat
Construction/Siding: Block
Exterior Description: concrete block construction, former service station
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: asphalt paved and gravel parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Internet Access: Cable
Interior Description: small reception/customer counter area as was typical of older service stations. Balance is used for repair and service.
Zoning Description: Property classes are 201 Commercial Improved and 202 Commercial Vacant. Zoning is B-3 for building and B-1 for vacant lot.
Lot Frontage: 242
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Corporation
Legal Description: 8003: Derkesen Ferguson Plat Lot 1 8025: Section 24-3-11 Beg 183.05 FT S of N 1/4 Post Sec 24, TH Cont S 152.35 FT, TH N 89 Deg E 224.53 FT, TH N 151.07 FT, TH W 220.01 FT to P.O.B. Exc W 50 FT and S 60 FT for RD ROW

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,305 25,676 79,494
Median Age: 34.72 38.51 38.79
Households: 456 10,733 33,455

Contact

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