Retail Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30721098
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 22,955 SF
Gross Land Area: 2 Acres
Sale Price: $2,500,000
Unit Price: $108.91 PSF
Ceiling: 15 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/29/2021

Overview / Comments

Very versatile property that can be purchased as an investment or for an owner-occupied user. This property offers excellent visibility with traffic counts of over 19,000 vehicles per day and Pylon signage for all of your tenants. The building includes a 6000 SF restaurant occupied by Real Arriero Mexican Bar & Grill, two different size banquet facilities one currently being used by a church. This building is immaculately maintained and shows well. Please contact Listing Broker for information regarding current income in place.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: Charter Township of Caledonia
Tax ID/APN: 41-23-28-351-006
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: 84th St
Traffic/Vehicle Count: 19,000
Airports: Gerald R. Ford International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Roof Type: Flat
Total Parking Spaces: 100
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Zoning Description: C2 general business in Broadmoor overlay district
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,161 9,989 25,060
Median Age: 33.72 37.01 37.26
Households: 1,221 3,537 8,953
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