3001 Madison Ave SE

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30236830
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 10,108 SF
Gross Land Area: 0.48 Acres
Sale Price: $525,000
Unit Price: $51.94 PSF
Ceiling: 20 ft. / 12 ft. Clear
Docks/Doors: 1 Dock, 2 Doors
Office SF: 2,000 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/23/2018

Overview / Comments

SELLER MOVING TO LARGER FACILITY
Hard to find, well maintained industrial building available for purchase. Building had a new Weather Shield roof on the majority of it in 2009 with a warranty through 2030. Ceiling heights vary - 12' on both sides and 20' in the center. It also has heavy power and two buss bars—each one is 80' long. The warehouse area has radiant heat, new LED lighting, one dock, one drive-in door, and a craneway with a 5 ton crane and there is also a 2 ton crane. The office area has all new windows.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $4,449 (Annual)
Assessed Value - Total($) $117,700 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-13-18-126-001
Zoning: B-2
Property Located Between: Between 28th Street and 32nd St and Division and Eastern Ave
Highway Access: 1.37 Miles to US-131
Airports: Gerald R Ford International Airport
Site Description: LL in LO.
Area Description: DIRECTIONS: US-131 TO 28TH ST, E TO MADISON, S 1 BLK TO PROPERTY.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1956
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Parking Description: On Site
Total Parking Spaces: 16
Overhead Cranes: 2
Amps: 400
Heat Source: Radiant
Air Conditioning: Engineered System
Lighting: Other
Lot Frontage: 129.4
Lot Depth: 141.3
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,312 144,594 305,868
Median Age: 32.69 32.67 33.41
Households: 5,035 52,107 115,895
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