FORMER FIFTH THIRD BANK - PAW PAW, MI

Office for Sale
Catylist Listing ID: 30765372
Property Subtypes: Office Building
Building Size (RSF): 3,300 SF
Gross Building Area: See Agent
Gross Land Area: 3.28 Acres
Sale Price: $325,000
Unit Price: $98.48 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Fifth Third Bank
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

AVAILABLE FOR SALE: 3,300 SF former bank building with 4-lane drive-thru and ATM in Paw Paw, Michigan. Built in 1975, the existing floor plan offers a lobby/teller area, 5 private offices, conference room, kitchenette/lounge, vault, men’s/women’s ADA restrooms and basement. The property is situated on a 3.28-acre parcel, with 366’ of frontage on W. Red Arrow Hwy., and features 26 parking spaces, pylon signage and designated ingress/egress drives. Conveniently located just 1 mile west of downtown Paw Paw, area tenants include Paw Paw District Library, All Secure Self Storage, Roadhouse Grill, Ralph Moyle, Inc., Coca Cola/Minute Maid and Rainbow Lanes. Property is zoned GC, General Commercial in Paw Paw Township.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Taxing Authority: Paw Paw Township
Tax ID/APN: 80-14-014-029-01
Zoning: GC, GENERAL COMMERCIAL
Property Located Between: Gremps Street & 41st Street
Property Visibility: Excellent
Highway Access: Located on Red Arrow Highway
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,300 SF
Year Built: 1975
Roof Type: Gable
Construction/Siding: Brick, Steel Frame, Wood Frame
Exterior Description: Brick
Parking Type: Surface
Total Parking Spaces: 26
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: GC, General Commercial
Lot Frontage: 366
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 661-121+461 684-318 184-A 14-3-14 BEG ON CEN L OF RED ARROW HWY 693.71' NELY OF W SEC L, TH CON NELY ON SD CEN L 366', TH SELY AT RT ANG TO SD CEN L 390.05', TH SWLY PAR WITH SD CEN L 366', TH NWLY AT RT ANG 390.05' TO BEG.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,298 7,003 17,307
Median Age: 42.43 40.72 38.94
Households: 553 2,882 6,661

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