Industrial for Sale
Sale Pending
Catylist Listing ID: 30257289
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 2,800 SF
Gross Land Area: 2,800 SF
Sale Price: $165,200
Ceiling: 18 ft. / 16 ft. Clear
Docks/Doors: 1 Door
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2018

Overview / Comments

New Steel Constructed 2,800 S/F (35' X 80') Industrial Condo Unit. Fully insulated with one 12' X 14' overhead door and a 6" reinforced concrete floor to be poured after Buyer lays out plumbing, bathrooms and floor drains. Buyer responsible for its own build-out costs. Buyer can hire its own contractor or can hire the Seller/Contractor to do build-out for the Buyer. Call LS. Build-outs need to be done by licensed contractors and requires municipal inspections.

For a limited time only this 2,800 SF Condo Unit could be combined with Unit 20 which is a 3,200 SF Condo Unit for a combined total of 6,000 SF with two overhead doors. This Unit(s) are part of a new 24,000 S/F, 9 condo unit Building in the very successful Lake Michigan Commerce Park.. Abundant layout of designated parking and common area parking. . Conveniently located on M-45 just West of the Standale Village Business District including Meijer and many national restaurants and retail stores. Condo Bylaws and Master Deed available upon request. Located in Tallmadge Township with no City Income Taxes.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Submarket Type: Suburban
Taxing Authority: Tallmadge Township
Tax ID/APN: 70-10-24-397-021
Is Condo?: Yes
Property Located Between: 1st Ave and 8th Ave just west of Standale on M-45
Highway Access: M-45 and M-11 with easy access to I-96 and I-196
Site Description: Adjacent to Phase 1 Industrial Building with 21,000 SF and 14 smaller condo Units
Area Description: Established Industrial Businesses, commercial / retail and new housing development on Sessions Drive adjoining this location.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1 SF
Property Condition: Excellent
Year Built: 2017
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Building complies with new architectural designs established by Tallmadge Township. Brick facade percentage/ window coverage, etc
Parking Type: Surface
Parking Description: Designated Parking Layout with several areas for Common Area Parking and Guest Parking
Total Parking Spaces: 6
Eave Height: 18
Overhead Cranes: Undisclosed
Sprinklers: None
Volts: 280
X-Phase: 3
Heat Type: Natural Gas
Interior Description: Open / Unfinished
Zoning Description: I-1 Light Industrial
Part of Planned Development?: Yes
Lot Frontage: 35
Lot Depth: 80
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities
Easements Description: Part of Master Deed Description and Easements of Record
Land Ownership: Lake Michigan Commerce Park, LLC
Legal Description: Part of a larger over-all description

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,398 25,697 95,406
Median Age: 34.06 37.17 36.53
Households: 1,249 10,049 37,030


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