Big Rapids Former Save A Lot

Retail-Commercial for Sale
Sale Pending
Also listed as Shopping Center
Catylist Listing ID: 30340515
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 28,762 SF
Gross Land Area: 2.29 Acres
Sale Price: $745,000
Unit Price: $25.90 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Save A Lot
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2021

Overview / Comments

The SVN Colvin Team presents this former Save-A-Lot Grocery Store building that anchors a busy strip center. Highly visible on the major retail corridor, this 28,762 SF building can be purchased at a great price of under $26/SF!

The seller would consider a lease or lease with a purchase option. The building could be divided. There is a loading dock.

This College Town location is just down the street from Ferris State University. The attached strip center (not included in the sale) has tenants such as Enterprise Car Rental, Fashion Nails, Label Shopper, Beagle Fit 24 Hour Gym and more!

Big Rapids is the proud home of Ferris State University and its approximately 13,000 students. FSU brings employment, excitement and culture to the region. Big Rapids has a robust industrial base, hosting corporations whose products are used all over the world. There are over 21,000 people within a 5-mile radius, plus 13,000 +/- college students.

Financials

Finance Data Year 2010
Real Estate Taxes - Annual($) $15,500 (Annual)

Additional Details

Nearest MSA: Big Rapids
County: Mecosta
Tax ID/APN: 05-022-013-900
Zoning: 201 COMMERCIAL - IMPROVED
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Tenancy: Single Tenant
Year Built: 1970

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,768 13,787 17,002
Median Age: 20.63 28.21 29.43
Households: 699 4,466 5,803
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