Retail-Commercial for Sale
Catylist Listing ID: 30204614
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,900 SF
Gross Land Area: 0.61 Acres
Sale Price: $575,000
Unit Price: $147.44 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 3,900 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 3/21/2018

Overview / Comments

Offering 28th Street frontage and located across the street from Kellogg's production campus, this 3,900 SF property’s renovation will be complete in late 2017. Updates will include an interior brought to a white box along with exterior upgrades like landscaping, facade refresh, and resealed/restriped parking lot.

Just add neighbors! Building can be demised into two or three units as small as 1,300 SF. Offers open floor plan potential, good clear heights, and features an overhead door on the west end of the building.

Uses for this property are many, including dry cleaners/laundromat, title company, general office, retail, daycare, restaurant/bar, and medical clinic. The adjacent property (includes a two-story office building) is for sale or for lease.

Immediate Area Statistics:
- Population of 134,500
- Median Age 32
- Strong demographic of consumers and employees
- 3,800+ Businesses
- 54,500 Employees
- Traffic counts 30,000+ cars per day

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Central
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-07-381-031
Retail Clientele: General, Business
Property Located Between: Division & Madison
Largest Nearby Street: Division
Traffic/Vehicle Count: 30,000
Highway Access: A few minutes' drive from US-131
Area Description: Nearby neighbors include: Beltline Bar, New Beginnings, Grand Coney, Walgreen's, Admiral, Morelo’s Western Wear, Grand Rapids Animal Clinic, McDonald's, Checkers, Taco Bell, Burger King
Tenancy: Multiple Tenants
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Stucco

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,654 149,867 310,106
Median Age: 30.89 32.53 33.32
Households: 4,379 54,034 117,500


Photograph of Listing Agent

Chip Bowling

X Ventures CARWM Member
Photograph of Listing Agent

Shelby Reno

X Ventures CARWM Member
Photograph of Listing Agent

Tad Dobre

X Ventures CARWM Member
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