3128 28th St SE For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30511155
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, General
Building Size (RSF): 5,000 SF
Gross Land Area: 0.60 Acres
Sale Price: $1,200,000
Unit Price: $240 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2019

Overview / Comments

Excellent & rare opportunity to own property along the highly coveted 28th Street SE corridor! This building could be perfect for an owner/operator to have their business located across from the new 90,000 SF Von Maur department store along with Cheese Cake Factory, REI and others located at the newly renovated Woodland Mall. With average daily traffic of 37,225, this property offers excellent visibility along with great pylon signage.

Financials

Finance Data Year 2007
Real Estate Taxes - Annual($) $203,800 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 28th Street Southeast
Tax ID/APN: 41-18-15-228-006
Zoning: C-2
Site Description: na
Area Description: DIRECTIONS: 28TH ST W OF E BELTLINE, S SIDE OF ROAD.
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 1930
Construction/Siding: Concrete

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,316 91,886 232,895
Median Age: 38.26 35.4 33.47
Households: 4,682 36,111 88,420

Contact

Photograph of Listing Agent

Christopher Prins

Colliers International CARWM Member
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