28th Street Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30323059
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 7,000 SF
Gross Land Area: 1.06 Acres
Sale Price: $575,000
Unit Price: $82.14 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: International Cosmetology
Usable Size (USF): 7,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/28/2018

Overview / Comments

Single Tenant stand alone commercial building on 1.059 acres with 169 ft of excellent exposure on 28th Street. New addition in 2008 which included a 500 sf service and warehouse area with drive in door. Property is almost 7,000 sf and has the ability to be single or multi-tenant. Over 5000 sf of clear span. Oversize pole sign providing ideal exposure for your business. Improvements include two large heating and cooling units, ample 3 phase power, epoxy floors, three bathrooms. Ideal location for owner user with growing business. Great investment potential. Seller is a licensed realtor in the state of MI. Please do not show without an appointment.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Central
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-17-102-006
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: Eastern and Kalamazoo
Property Visibility: Excellent
Largest Nearby Street: Eastern
Traffic/Vehicle Count: 33,000
Highway Access: Excellent Access to US131 and M11
Airports: Gerald R Ford
Site Description: Level and developed site with excellent visability
Area Description: High retail and traffic corridor. Near Meijer and other growing businesses
Tenancy: Single Tenant
Total Number of Buildings: 1
Typical SF / Floor: 7,000 SF
Property Condition: Excellent
Year Renovated: 2010
Roof Type: Other
Construction/Siding: Block, Wood Frame, Wood Siding
Exterior Description: Versatile building exterior
Parking Type: Surface
Parking Description: Ample parking around property
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3
Interior Description: Open clear span space with lots of flexibility
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Charles A Laufer Trust
Legal Description: PART OF NW 1/4 OF NW 1/4 COM ON N SEC LINE AT A PT 165 FT W OF NE COR OF SD NW 1/4 OF NW 1/4 TH S APPROX 308.58 FT PAR WITH E LINE OF SD NW 1/4 OF NW 1/4 TO A PT WHICH IS 310.08 FT S OF CL OF 28TH ST TH W 165.6 FT PERPENDICULAR TO E LINE OF SD NW 1/4 OF NW 1/4 TO W LINE OF E 5 A OF N 1/2 OF NW 1/4 OF NW 1/4 TH N 317.84 FT ALONG SD W LINE OF E 5 A TO N SEC LINE TH E 165.86 FT ALONG N SEC LINE TO BEG EX THAT PART THEREOF LYING N OF A LINE WHICH IS PAR WITH & 50 FT S OF CL OF 28TH ST FOR HWY* SEC 17 T6N R11W 1 A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,786 143,988 295,634
Median Age: 32.34 32.68 33.03
Households: 5,197 52,012 112,484

Contact

Photograph of Listing Agent

Michael R Gantos

Gantos Group LLC CARWM Member
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