Investment property

Special Purpose for Sale
Catylist Listing ID: 30655979
Property Subtypes: Saw Mill/Lumberyard
Building Size (RSF): 31,376 SF
Gross Building Area: 38,100 SF
Gross Land Area: 2.36 Acres
Sale Price: $725,000
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.1%
Last Updated: 10/16/2021

Overview / Comments

Investment property. Lumber warehouse and showroomm on 2.36 acres.Located in the heart of Sparta. Single tenant, NNN lease. 6 separate Buildings. Shows a good return.


Finance Data Year 2020
Assessed Value - Total($) $354,300 (Annual)
Potential Rental Income $51,966 (Annual)
Net Operating Income $51,966 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: Sparta
Tax ID/APN: 41-05-23-153-017
Property Located Between: M-37 and US 131
Property Visibility: Excellent
Largest Nearby Street: 350 S. State
Feet of Frontage: 187
Highway Access: S. State to M-37
Airports: Sparta
Site Description: Downtown Sparta, great exposure. Property well kept and shows well.
Area Description: Mixed Comercial
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Good
Year Built: 1940
Roof Type: Gambrel
Construction/Siding: Brick/Aluminum Siding
Exterior Description: warehouse and showroom
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Ceiling Units
Interior Description: showroom
Zoning Description: Commercial
Lot Frontage: 187
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Of record
Legal Description: LL in LO/AO

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,128 9,110 20,327
Median Age: 34.59 35.72 37.72
Households: 1,235 3,424 7,363


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.