1680 & 1690 Kreft Street NE (Parcel #3)

Industrial for Sale
Catylist Listing ID: 30621714
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 6,855 SF
Gross Building Area: See Agent
Gross Land Area: 1.55 Acres
Sale Price: $575,000
Unit Price: $83.88 PSF
Ceiling: 18 ft.
Docks/Doors: 4 Doors
Drive In Bays: 4 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/3/2020

Overview / Comments

Unique warehouse industrial flex space with two (2) buildings on the same parcel. 1680 Kreft is 3,627 SF and currently leased on a month-to-month basis. The 2nd building (1690 Kreft St. NE) is 3,228 SF also currently month-to-month leasing. Total size of both buildings equal 6,855 SF situated on proposed 1.554 Acre Parcel with vacant land and access of Rupert St to the South. Perfect for owner user with the ability to lease out portions of the property to offset a significant portion of ownership cost. Sale is subject final township approval of split. Two neighboring parcels with commercial buildings also available ( 6 Buildings with total of 17,828 Sq. Ft.) For Sale.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Plainfield Corridor
Taxing Authority: Grand Rapids Township
Tax ID/APN: 41-14-04-101-041
Property Located Between: Plainfield and 4 Miles is the Nearest Major Intersection
Highway Access: Plainfield & I-96
Site Description: Located in the far NE Corner of Grand Rapids Township bordering Plainfield Township
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Roof Type: Gable
Construction/Siding: Metal Siding
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 400
X-Phase: 3
Heat Type: Natural Gas
Zoning Description: C General Commercial Grand Rapids Township
Water Service: Well
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,550 73,265 168,902
Median Age: 38.65 36.99 35.48
Households: 4,877 29,145 67,120
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