Great Opportunity in Wyoming! Multiple properties included!

Retail-Commercial for Sale
Catylist Listing ID: 30286014
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, General
Building Size (RSF): 2,396 SF
Gross Land Area: 1.80 Acres
Sale Price: $2,100,000
Unit Price: $876.46 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2019

Overview / Comments

Great investment opportunity right in the heart of Wyoming! This property is right in the middle of the downtown development and is 100% leased. All tenants are strong, stable and have been a part of the community for several years. Multiple properties are included in the sale. The property could also be re-developed with just under 2 acres on one of the busiest corners in the Greater Grand Rapid area.
Please contact listing agent for more details and financials.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 28th Street West
Taxing Authority: City of Wyoming
Tax ID/APN: 41-17-11-481-035
Zoning: FBC
Property Located Between: Corner of 28th Street and Clyde Park
Property Visibility: Excellent
Site Description: Lot 1 except S 17', also Lot 2 of Clyde Park Hills Add. to City of Wyoming.
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 1
Year Built: 1974
Year Renovated: 2011
Roof Type: Flat
Construction/Siding: Wood Frame
Total Parking Spaces: 16
Parking Type: Surface
Parking Description: Multiple parking lots
Heat Type: Natural Gas
Heat Source: Ceiling Units
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,036 130,721 300,437
Median Age: 30.91 30.94 33.23
Households: 5,946 46,769 114,106


Photograph of Listing Agent

Rick Dawdy

City2Shore Real Estate
CARWM Member
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