Former Bank Branch - Allendale, MI

Retail-Commercial for Sale
Catylist Listing ID: 30754038
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 3,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $675,000
Unit Price: $177.63 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/9/2021

Overview / Comments

Former Bank Branch on Lake Michigan Drive in Allendale, MI.
Nearly 1.5 acres of land. Great visibility, ingress, and egress.
No tours can be scheduled until after the branch is fully decommissioned in Oct 2021. There will be no deed restrictions on financial uses, and financial institutions will get a first look period for 60 days after listing.
There are deed restrictions on any cannabis use.
4 drive-thru lanes.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Tax ID/APN: 70-09-23-300-096
Zoning: COMMERCIAL
Retail Clientele: General, Business, Traveler, Tourist, Other
Property Located Between: Lake Michigan Drive and 60th Ave
Property Visibility: Excellent
Largest Nearby Street: Lake Michigan Drive - (M45)
Highway Access: I-96 & I-196
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,800 SF
Property Condition: Good
Year Built: 1993
Roof Type: Gable
Construction/Siding: Brick, Wood Frame
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 23,849 37,674
Median Age: 25.14 29.41
Households: 6,505 11,066

Contact

Photograph of Listing Agent

Nathan Scherpenisse

CBRE Detroit CARWM Member
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