Investment property

Special Purpose for Sale
Catylist Listing ID: 30656028
Property Subtypes: Saw Mill/Lumberyard
Building Size (RSF): 12,160 SF
Gross Land Area: 1.67 Acres
Sale Price: $1,247,000
Ceiling: 14 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 4.5%
Last Updated: 1/22/2022

Overview / Comments

Hard to find investment property in Ada. High visibility and traffic counts. 1.60 acres and almost 20,000 square footage of buildings. Includes a showroom. NNN lease. Many possibilities for future use.

Attachments & Media

Financials

Finance Data Year 2020
Assessed Value - Total($) $410,020 (Annual)
Potential Rental Income $56,124 (Annual)
Net Operating Income $56,124 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Ada/Cascade
Taxing Authority: Ada
Tax ID/APN: 41-15-28-324-009
Zoning: INDUSTRIAL
Property Located Between: Grand Rapids and Lowell
Property Visibility: Excellent
Largest Nearby Street: M21/ Fulton
Highway Access: yes
Site Description: Lumber yard and showroom. 1.67 acres.
Total Number of Buildings: 4
Number of Stories: 1
Typical SF / Floor: 12,160 SF
Property Condition: Excellent
Year Built: 1985
Roof Type: Gambrel
Construction/Siding: Aluminum Siding
Exterior Description: Outside storage and warehouse.
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Interior Description: Showroom
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Of record
Legal Description: Sec 28 TWN 07N RNG 10W PartSW 1/4 com at Int of SLY line of relocated HWY M-21&WIY line of Kurosawa Ave / 120ft wide/ TH SLY 207.72 ft along WLY

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,415 25,163 68,427
Median Age: 37.65 41.28 39.25
Households: 1,126 8,801 25,430

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