1142 S State St

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 30732532
Property Subtypes: Car Wash, Other
Building Size (RSF): 3,192 SF
Gross Building Area: See Agent
Gross Land Area: 3.30 Acres
Sale Price: $149,000
Unit Price: $46.68 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/11/2021

Overview / Comments

NorthStar Commercial is pleased to present 1142 State St, Ionia Mi. Wood's Wonder Wand has been operating since 1988 as a self serve car wash. Located on over 3 acres, there are no restrictions on industrial or commercial uses and could be a suitable storage redevelopment opportunity.

Please contact broker for detailed financials.

Financials

Finance Data Year 2019
Gross Operating Income $38,588 (Annual)
Net Operating Income $15,484 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ionia
Taxing Authority: Ionia Township
Tax ID/APN: 060-090-000-290-00
Zoning: L-1
Tenancy: Single Tenant
Property Condition: Average
Year Built: 1988
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,592 13,827 20,230
Median Age: 33.01 34.39 35.73
Households: 1,340 3,377 5,791

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