205 S Dexter St

Retail-Commercial for Sale
Catylist Listing ID: 30728938
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Building Size (RSF): 7,524 SF
Gross Building Area: See Agent
Gross Land Area: 1.23 Acres
Sale Price: $600,000
Unit Price: $79.74 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/17/2021

Overview / Comments

Stand-alone retail site for owner/user, occupied by Sears Hometown at a rate of $4,625/month, with a 30 day notice to quit by either party.

On M-66 surrounded by Autozone, Family Dollar, Secretary of State, and Burger King, the subject property is well-positioned as a gateway site to Ionia, with daily traffic counts of approximately 15,000 cars per day (per Esri/MDOT).
The subject property also has a pylon sign and excellent visibility on the corner of Dexter and Main.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ionia
Taxing Authority: City of Ionia
Tax ID/APN: 34-202-100-000-071-00
Zoning: COMMERCIAL B-3
Property Visibility: Excellent
Traffic/Vehicle Count: 15,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,524 SF
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,832 13,827 18,553
Median Age: 31.55 34.39 35.2
Households: 1,040 3,377 5,118
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