Office for Sale
Catylist Listing ID: 30471157
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 2,114 SF
Gross Building Area: See Agent
Gross Land Area: 2.65 Acres
Sale Price: $335,000
Unit Price: $158.47 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

Extremely Nice Centennial Farm Home that has been updated with many modern conveniences and provides a very nice home office and living quarters (See Photos). Also, the home could be easily converted into a primary office providing there is an updated site plan making provisions for parking, handicap accessible, retention, etc.

The home is located on 2.65 acres of prime industrial zoned land and offers high exposure with 540' of frontage on the corner of 3 Mile Rd and Peach Ridge Ave NW. This is a perfect set-up for the business person who may want to build an industrial building or rental units next door while still living on the premises.

The Seller would also rent the house back for a period of 3 to 5 years or give up possession of the house within 30 days after close. Estimated rental income on the house would be between $1,500 to $2,000 per month. Alternatively, the house could be demolished for additional land that could be needed in building a larger industrial building. A couple concepts for improving this property are provided in the photos and Attachments & Media.

Access into the property would be on Peach Ridge Ave (side street) with an easement available for ingress / egress on 3 Mile Rd owned by the neighboring property. Call LS regarding a drainage easement on the property.

Prime location offers very easy access to I-96.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: Walker City
Tax ID/APN: 41-13-04-376-(006 & 007)
Property Located Between: Peach Ridge Ave and Elmridge Dr.
Property Visibility: Excellent
Highway Access: I-96
Airports: Gerald R Ford International Airport
Site Description: Rolling. High along 3 Mile Rd and slopes downward along with Peach Ridge Ave.
Area Description: Several Industrial Manufacturing business surround this property.
Zoning Description: I-1 Light Industrial
Lot Frontage: 540' +
Lot Depth: 300'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: (376-007) S 335.07 FT OF E 188.04 FT OF SW 1/4 * SEC 4 T7N R12W 1.45 A. AND (376-006) PART SW 1/4 COM AT SW COR OF E 188.04 FT OF SW 1/4 SD PT BEING 188.04 FT 90D 00M 00S W ALONG S SEC LINE FROM S 1/4 COR TH 90D 00M 00S W 172.32 FT TH N 0D 41M 20S E 145.0 FT TH N 51D 51M 51S E 64.17 FT TH N 0D 41M 30S E 170.0 FT TH 90D 00M 00S E TO A PT ON N&S 1/4 LINE 355.07 FT N ALONG SD 1/4 LINE FROM S 1/4 COR TH SLY ALONG N&S 1/4 LINE TO NE COR OF S 335.07 FT OF SW 1/4 TH W TO NW COR OF S 335.07 FT OF E 188.04 FT OF SW 1/4 TH S TO BEG * SEC 4 T7N R12W 1.20 A.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,050 52,818 138,956
Median Age: 36.78 36.05 33.63
Households: 1,109 21,161 56,036


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