Athletic Facility with multiple potential uses

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30713249
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Building Size (RSF): 87,016 SF
Gross Building Area: See Agent
Sale Price: $3,850,000
Unit Price: $44.24 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 6/30/2021

Overview / Comments

The Grand Rapids Racquet + Fitness Club is thriving and needs more space to expand membership and programming. Take advantage of this great opportunity to acquire this meticulously maintained building with multiple potential uses. This property is prominently positioned on the well-traveled North Plainfield Corridor, offering great exposure, convenient accessibility, and ample parking.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Plainfield Corridor
Tax ID/APN: 41-10-27-252-022
Zoning: COMMERCIAL IMPROVED C-4
Tenancy: Single Tenant
Total Number of Buildings: 3
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,907 34,352 107,970
Median Age: 38.18 39.74 36.79
Households: 2,741 13,455 41,730

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