Redevelopment Opportunity - Gull Lake

Retail-Commercial for Sale
Catylist Listing ID: 30007413
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 16,135 SF
Gross Land Area: 3.25 Acres
Sale Price: $125,000
Unit Price: $7.75 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: former Wildermuth Elementary School
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2018

Overview / Comments

Redevelopment opportunity now available for purchase in the highly desirable Gull Lake School District. This turn of the century former School Building (current administration building for Gull Lake Schools) offers many potential opportunities for the imaginative developer. The building is approximately 15,000 square feet and sits on a quiet 3.25 acre lot. Located near the Bay of Gull Lake and less than ten minutes to the quaint Village of Richland.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: Ross Township
Tax ID/APN: 04-19-226-010
Zoning: R-1
Property Located Between: 37th & 38th Streets
Property Visibility: Good
Largest Nearby Street: M-89
Feet of Frontage: 330
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1955
Year Renovated: 1985
Roof Type: Flat
Construction/Siding: Block, Brick
Total Parking Spaces: 46
Parking Type: Surface
Heat Type: Natural Gas, Steam
Heat Source: Other
Air Conditioning: Window Unit
Lot Frontage: 330
Lot Depth: 429
Water Service: Well
Sewer Type: Municipal
Legal Description: D 19-72 SEC 19-1-9 BEG AT NW COR NE1/4 NE1/4 TH E ALG N LI 20 R TH S 26 R TO CTR LI D AVE TH W ALG CTR LI SD AVE 20 R TO W LI NE1/4 NE1/4 SD SEC TH N THEREON 26 R TO BEG *

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 791 6,205 16,236
Median Age: 52.24 47.06 43.97
Households: 351 2,626 6,446


Photograph of Listing Agent

Kara Schroer

NAI Wisinski of West Michigan
CARWM Member
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