Development Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30434487
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 18,646 SF
Gross Land Area: 0.22 Acres
Sale Price: $875,000
Unit Price: $46.93 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2019

Overview / Comments

Located at the SW corner of McReynolds Ave and Leonard Street. Just west of Arnies. Three story building with 5,400 SF floor plates,connected to a 3,000 SF building. Possession 60 days after close. Smaller building could be removed to add a parking lot. Excellent redevelopment property for investors or owner/users. Please do not approach employees of the operating business.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Northwest Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-24-101-034 & 033
Zoning: COMMERCIAL
Retail Clientele: Other
Property Visibility: Good
Highway Access: Close to US 131 and I-96
Airports: Gerald R Ford International Airport
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 3
Typical SF / Floor: 5,400 SF
Property Condition: Average
Year Built: 1927
Construction/Siding: Block, Brick
Total Parking Spaces: 4
Parking Type: Surface
Freight Elevators: 1
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,281 120,396 250,746
Median Age: 30.57 32.47 33.64
Households: 7,922 47,878 96,186
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