South Division - Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30237088
Property Subtypes: Street Retail
Building Size (RSF): 16,800 SF
Gross Land Area: 1.57 Acres
Sale Price: $625,000
Unit Price: $37.20 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 16,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/21/2018

Overview / Comments

Commerical Buildings (Vacant) include; i) 12,800 sf Single Story and, ii) 4,000 sf Retail Center
Rare Corner Site ... 265.00' Frontage - South Division Ave.| 238.00' Frontage Wesley St. | 90.00' on LeMyra St.
Access from three streets ... Abundance of Parking

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: Wyoming
Tax ID/APN: 41-18-18-152-049 / 050
Retail Clientele: General, Business
Property Located Between: South of 28th St. between Wesley St. and Lemyra
Property Visibility: Excellent
Largest Nearby Street: South Division
Feet of Frontage: 268
Site Description: Site consists of the northeast corner of S. Division & Wesley St. Subject property contains two (2) commercial and one (1) residential structure.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 16,800 SF
Property Condition: Average
Year Built: 1970
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Concrete Block Exterior with Glass Entries
Total Parking Spaces: 73
Parking Type: Surface
Parking Description: Abundant parking located at the front, side and rear of the buildings
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Dialup
Lot Frontage: 268.00' South Division
Lot Depth: 238.00
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: The subject property is located in the West 1/2 of Section 18, Town 6 North, Range 11 West, City of Wyoming, Kent County, Michigan. The property contains three parcels: 3060 Division Ave, SE; 24 Wesley Street, SE; and 3068 Division Avenue, SE.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,441 146,292 303,861
Median Age: 31.79 32.5 33.44
Households: 4,449 52,449 115,249


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