RED LIGHT COMMERCIAL CORNER - WILSON AVE / LEONARD ST NW

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30417379
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 7,680 SF
Gross Land Area: 2.53 Acres
Sale Price: $695,000
Unit Price: $90.49 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: BLACKSTAR BUILDING GROUP & TURN KEY
Usable Size (USF): 7,680 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2019

Overview / Comments

Prime NW Location on a Red Light Corner with a 7,680 SF Office/Contractor Building and 2.53 Acres. Land can be divided to allow construction of a 2nd building on 1.5 acres. Zoning is C-3 Highway Commercial which permits some auto related businesses. Building offers 1 Loading Dock and 2 Overhead doors. Approx 211' frontage on Wilson Ave (M-11) and 210' frontage on Leonard St. New Commercial Curb-cut to property on Leonard with improvements to Leonard St. just completed this Spring. Great location in an ever expanding area of new homes. This intersection is becoming a growing traffic corridor in gaining access to Standale and I-96.

Financials

Finance Data Year 2012
Real Estate Taxes - Annual($) $5,870 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: Walker City
Tax ID/APN: 41-13-19-201-086
Zoning: C-3 HIGHWAY COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: Wilson Ave and Kinney Ave
Property Visibility: Excellent
Largest Nearby Street: Wilson Ave NW
Feet of Frontage: 200
Traffic/Vehicle Count: 20,000
Highway Access: M-11; M-45; I-96
Airports: Gerald R Ford International Airport
Site Description: Surrounded by professional offices, medical, self-storage.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1969
Roof Type: Hip
Construction/Siding: Aluminum Siding, Brick
Parking Type: Surface
Parking Description: Parking in front of building and around the outer perimeter.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Professional Offices nicely done with a reception area in front, conference room, break/kitchen area and shop/warehouse area in rear.
Zoning Description: C-3 Highway Commercial
Lot Frontage: 200'
Lot Depth: 344' Irreg
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Owned by a Michigan limited liability company
Legal Description: PART OF NE 1/4 COM 50.0 FT E & 183.0 FT S FROM N 1/4 COR TH S 211.0 FT TH E 360.0 FT TH N TO S LINE OF N 50 FT OF NE 1/4 TH W ALONG SD S LINE 210.0 FT TO E LINE OF W 200.0 FT OF NE 1/4 TH S ALONG SD E LINE 133.0 FT TO S LINE OF N 183 FT OF NE 1/4 TH W ALONG SD 150.0 FT TO BEG * SEC 19 T7N R12W 2.53 A.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,951 32,433 112,038
Median Age: 37.78 39.35 33.91
Households: 2,856 13,243 41,638
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