LAKE MICHIGAN COMMERCE PARK -ON M-45 NEAR STANDALE - UNIT 20

Industrial for Sale
Catylist Listing ID: 30257307
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 3,200 SF
Gross Land Area: 3,200 SF
Sale Price: $225,000
Ceiling: 18 ft. / 16 ft. Clear
Docks/Doors: 1 Door
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Building Name: LAKE MICHIGAN COMMERCE PARK
Usable Size (USF): 3,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2018

Overview / Comments

New Steel Constructed 3,200 S/F (40' X 80') finished turn-key Industrial Condo Unit. Includes One Office, Unisex Bathroom, 6" reinforced concrete floor with trench drain, one 12' X 14' overhead door, 16' high clear span ceiling, infra-red heating, Office has AC and unit is fully insulated through-out. .North wall is a concrete block firewall.

This Unit is part of a new 24,000 S/F 9 condo unit Building in the very successful Lake Michigan Commerce Park.. Abundant layout of designated parking and common area parking. . Conveniently located on M-45 just West of the Standale Village Business District including Meijer and many national restaurants and retail stores. Condo Bylaws and Master Deed available upon request. Located in Tallmadge Township with no City Income Taxes.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Submarket Type: Suburban
Taxing Authority: Tallmadge Township
Tax ID/APN: 70-10-24-397-020
Is Condo?: Yes
Zoning: I-1 LIGHT INDUSTRIAL
Property Located Between: 1st Ave and 8th Ave just west of Standale on M-45
Highway Access: M-45 and M-11 with easy access to I-96 and I-196
Airports: GERALD R FORD INTERNATIONAL AIRPORT
Site Description: Adjacent to Phase 1 Industrial Building with 21,000 SF and 14 smaller condo Units
Area Description: Established Industrial Businesses, commercial / retail and new housing development on Sessions Drive adjoining this location.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1 SF
Property Condition: Excellent
Year Built: 2017
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Building complies with new architectural designs established by Tallmadge Township. Brick facade percentage/ window coverage, etc
Parking Type: Surface
Parking Description: Designated Parking Layout with several areas for Common Area Parking and Guest Parking
Total Parking Spaces: 6
Eave Height: 18
Overhead Cranes: Undisclosed
Sprinklers: None
Volts: 280
X-Phase: 3
Heat Type: Natural Gas
Interior Description: Open / Unfinished
Zoning Description: I-1 Light Industrial
Part of Planned Development?: Yes
Lot Frontage: 35
Lot Depth: 80
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities
Easements Description: Part of Master Deed Description and Easements of Record
Land Ownership: Lake Michigan Commerce Park, LLC
Legal Description: Part of a larger over-all description

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,398 25,697 95,406
Median Age: 34.06 37.17 36.53
Households: 1,249 10,049 37,030

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