Motor State Muscle Cars

Industrial for Sale
Catylist Listing ID: 30728797
Property Subtypes: Light Industrial, Warehouse/Distribution
Building Size (RSF): 4,388 SF
Gross Land Area: 9,150 SF
Sale Price: $125,000
Unit Price: $28.49 PSF
Ceiling: 10 ft.
Docks/Doors: 2 Doors
Office SF: 250 SF
Drive In Bays: 2 Bays
Property Use Type: Business
Usable Size (USF): 4,388 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

Commercial building located in the Shoppers Lane corridor of Parchment, MI. Formerly used as a classic car restoration shop, tenant is now vacating the property. Building has also been used as a printing company and includes a reception area and two small offices in the front portion. Two grade level overhead doors at the rear of the structure access the adjoining street to the rear of the property. Paved parking in the front of building, street access at the rear.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $4,130 (Annual)
Tax Value Land $19,200
Tax Value Improvements $4,751
Tax Value Personal Property $0
Assessed Value - Total($) $53,100 (Annual)

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: City of Parchment
Tax ID/APN: 06-03-490-140
Zoning: C-2 SER
Property Located Between: Mosel Ave and Riverview Drive
Highway Access: Located 3 miles from US-131 Business Loop.
Airports: Kalamazoo/Battle Creek International - 7 miles19
Site Description: grade level property with building and paved parking covering the entire surface.
Area Description: Commercial mixed use area of Shoppers Lane corridor in Parchment, MI>
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,388 SF
Property Condition: Fair
Year Built: 1980
Year Renovated: 1995
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Painted concrete block construction.
Parking Ratio: 4.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt paved parking in the front of building.
Total Parking Spaces: 20
Eave Height: 110
Column Spacing: Center wall divides the interior with two access points
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 200
Volts: 440
X-Phase: 3 phase
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Window Unit
Lighting: LED, Fluorescent
Internet Access: Cable
Interior Description: Reception area and two small offices in the front of the building.
Zoning Description: Commercial
Lot Frontage: 50
Lot Depth: 183
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Corporation
Legal Description: Parchment Shoppers Center Lots 20 & 30

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,908 61,646 125,419
Median Age: 36.11 31.29 33
Households: 2,457 23,248 51,320

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