RETAIL BUILDING ON 28TH ST. SE, CASCADE BY I-96

Retail-Commercial for Sale
Catylist Listing ID: 30323025
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.59 Acres
Sale Price: $1,900,000
Unit Price: $158.33 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: ADVANCED AUTO
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2018

Overview / Comments

Prime retail location in Cascade Twp on 28th St right near the on/off ramps of I-96. This property is surrounded by several high profile national stores, restaurants and hotels including Meijer, Costco, Home Depot, Target, etc. The property is positioned on a highly visible and convenient corner (Northern Dr) which is the gateway to the Cascade Office Park.

This site has a free standing 12,000 SF building laid out with a retail showroom (2,000 SF) and warehouse (10,000 SF) and includes 1 loading dock and 1 overhead door. It is located on a corner that offers 1.59 acres of land (173' X 470') with ample room for expansion and/or future redevelopment possibilities. Possible to expand the existing building to another 10,000 SF (+/-) or lot could possibly be divided for a second free standing building..

The 12k Building is currently occupied by a national tenant; Advance Auto Parts. Call L.S regarding current Lease status and information. There is a highly visible illuminated pylon sign that fronts on 28th St (M-11).

See Media and Attachments for Permitted Uses in the B-2 General Business District of Cascade Twp.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Southeast
Taxing Authority: CASCADE TOWNSHIP
Tax ID/APN: 41-19-07-376-041
Zoning: B-2 GENERAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: I-96 & Patterson Ave
Property Visibility: Excellent
Feet of Frontage: 173
Traffic/Vehicle Count: 37,104
Highway Access: Fronts right on M-11 (aka 28th St. SE). Approx 2 to 3 blocks from I-96 on/off ramps.
Airports: GERALD R. FORD INTERNATIONAL AIRPORT
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Property Condition: Excellent
Year Built: 1976
Roof Type: Arched
Construction/Siding: Metal Siding
Total Parking Spaces: 27
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Finished Showroom for Auto Parts and Supplies. (Approx 2,000 SF) Warehouse (Approx 10,000 SF) Small Office 1 Loading Dock; 1 Overhead Door
Zoning Description: B-2 - General Business. This district is intended to satisfy the land needs for a wide range of business uses and to cater to needs of a larger consumer population than is served by the "B-1" Village Business District.
Lot Frontage: 173
Lot Depth: 470
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: 411907376041 S 470 FT OF W 173 FT OF E 1/2 OF S 80 A. OF SWFRL 1/4 EX S 70 FT * SEC 7 T6N R10W 1.59 A. SPLIT/COMBINED ON 05/21/2012 FROM 41-19-07-376-004;

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,913 50,847 147,794
Median Age: 39.33 37.26 36.79
Households: 2,108 20,142 56,449

Contact

Photograph of Listing Agent

Arnold Grover

Grover Real Estate, Inc.
CARWM Member
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