301, 303, & 315 W Main St

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30650937
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 13,890 SF
Gross Building Area: See Agent
Gross Land Area: 0.32 Acres
Sale Price: $599,000
Unit Price: $43.12 PSF
Ceiling: 24 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/7/2021

Overview / Comments

Two historic buildings in Lowell available for the first time in decades. Larkin's Restaurant (301 W Main St) and one liquor license included in the offer. Upstairs from Larkin's there is 2838 SF of apartment space. Also included, the old Lowell Theater (315 W Main St) and 1400 SF of apartment space. The apartments are vacant and in need of rehab. FF&E can be made available via separate bill of sale. Please do not approach restaurant employees. Contact listing agents to facilitate showings.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: City of Lowell
Tax ID/APN: 41-20-02-401-004; 41-20-02-401-005; 41-20-02-401-008
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Traffic/Vehicle Count: 12,000
Highway Access: 1-96 x M-50
Airports: GRR - Grand Rapids International Airport - 15 Miles
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Parking Type: Other
Parking Description: Street parking and three city owned free parking lots.
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 541 7,088 19,317
Median Age: 43.17 39.27 38.05
Households: 257 2,631 7,005
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