Chicago Drive Center

Shopping Center for Sale
Catylist Listing ID: 30278121
Property Subtypes: Strip Center
Building Size (RSF): 8,315 SF
Gross Land Area: 0.86 Acres
Sale Price: $795,000
Unit Price: $95.61 PSF
Property Use Type: Investment
Usable Size (USF): 8,315 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/17/2018

Overview / Comments

Fully leased, multi tenant investment opportunity located at the gateway to downtown Grandville. Property is located at the intersection of Chicago Drive and Division Avenue at the gateway to downtown Grandville and is within the boundaries of the City of Grandville Downtown Development Authority.

Rent roll and financials are available with signed confidentiality agreement.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street West
Taxing Authority: City of Grandville
Tax ID/APN: 41-17-18-276-010
Zoning: CBD - CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business
Property Located Between: Division & Franklin
Property Visibility: Excellent
Largest Nearby Street: Chicago Drive
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: PART OF LOTS 152 153 & 154 COM 181.04 FT N FROM SW COR OF LOT 151 TH N 81.3 FT TO S LINE OF C & O RR R/W /99 FT WIDE/ TH NELY ALONG SD R/W LINE 39 FT TH SELY 73.5 FT ALONG A LINE WHICH EXT WOULD INT A PT ON N LINE OF STATE ST /66 FT WIDE/ BEING 125 FT NELY FROM SW COR OF LOT 151 TH SWLY 65.6 FT TO BEG ALSO LOTS 163 164 & 165 & THAT PART OF LOT 162 LYING S OF S LINE OF C & O RR R/W /99 FT WIDE/ * VILLAGE OF GRANDVILLE

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,763 70,713 182,926
Median Age: 38.05 36.26 34.14
Households: 3,745 27,620 68,042

Contact

Photograph of Listing Agent

David VanDenBerg

Rietberg Companies CARWM Member
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