Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30331645
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 3,246 SF
Gross Land Area: 0.47 Acres
Sale Price: $375,000
Unit Price: $115.53 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 3,246 SF
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 10/14/2021

Overview / Comments

Hard to find small commercial retail building with attic and basement space. Excellent exposure on Lake Michigan Drive by Kinney. Property is ready for redevelopment or reuse. Excellent owner user opportunity. Developer has plans and specifications for mixed use residential and retail for location that could be developed. Survey and architectural work are complete. Contact listing agent to arrange a tour. Listing Agent has ownership in the property.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: City of Walker
Tax ID/APN: 41-13-29-101-003
Retail Clientele: General, Family, Business, Tourist, Recreation, Other
Property Located Between: Kinney and Manzana Ct
Property Visibility: Excellent
Largest Nearby Street: Kinney
Feet of Frontage: 108
Traffic/Vehicle Count: 36,916
Highway Access: 3.13 Miles to I-196
Airports: Gerald R Ford
Site Description: Level and fully improved
Area Description: Growing and developing Lake Michigan Drive/Standale Corridor
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,246 SF
Property Condition: Average
Year Built: 1951
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Brick and siding exterior
Total Parking Spaces: 22
Parking Type: Surface
Parking Description: Ample improved parking around property
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3
Interior Description: Interior of building has been completely gutted and ready for Tenant/User finishes
Zoning Description: Highway Commercial zoning
Lot Frontage: 108
Lot Depth: 190
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: Fee Simple
Legal Description: On file in LO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,120 43,276 154,248
Median Age: 32.63 39.27 33.44
Households: 3,044 17,502 58,068


Photograph of Listing Agent

Michael R Gantos

Gantos Group LLC CARWM Member
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