For Sale: Prime Alger Heights Location

Retail-Commercial for Sale
Catylist Listing ID: 30634573
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other, General
Building Size (RSF): 4,649 SF
Gross Land Area: 0.10 SF
Sale Price: $450,000
Unit Price: $96.80 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2020

Overview / Comments

+Located on the corner of Eastern Ave SE & Alger Ave SE, with an adjacent parking lot to the east on Alger
+New gas service recently completed to accommodate a restaurant on the first floor
+Updated HVAC
+Currently divided for 3 tenants: a newly remodeled (plumbing & electric) salon occupies the east suite, the west suite is currently vacant but was a medical office for years. The second floor houses a counseling office

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 28th Street Central
Tax ID/APN: 41-18-08-301-001
Zoning: C-1 NEIGHBORHOOD COM/TBA
Property Visibility: Excellent
Site Description: LL IN LO
Area Description: DIRECTIONS: EASTERN AVE N OF 28TH ST S/E CORNER OF EASTERN AND ALGER
Tenancy: Multiple Tenants
Number of Stories: 2
Year Built: 1953
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,936 153,352 310,103
Median Age: 31.06 32.27 33.2
Households: 7,004 56,309 118,637

Contact

Photograph of Listing Agent

Chris Muller

M Retail LLC CARWM Member
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