Land and building in the growth pattern.

Industrial for Sale
Catylist Listing ID: 30164083
Property Subtypes: Free-Standing, Manufacturing, Light Industrial
Building Size (RSF): 38,992 SF
Gross Building Area: 50,000 SF
Gross Land Area: 2.41 Acres
Sale Price: $2,000,000
Unit Price: $51.29 PSF
Ceiling: 12 ft. / 24 ft. Clear
Docks/Doors: 3 Doors
Property Use Type: Business
Building Name: Tontin Lumber
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/27/2018

Overview / Comments

Located adjacent to the expanding Traditional City Zoning district and directly across from the Leslie E. Tassell M-TEC | Grand Rapids Community College, the value of this property is in the redevelopment potential.

The building can be immediately operated by a light industrial or manufacturing company while plans are developed for maximizing the potential use of the property.

The Owner will lease the facility back from the Buyer until the business is sold at $2500.00 per month NNN. The existing business is listed separately.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: S 131 Corridor
Tax ID/APN: 41-13-36-153-001
Zoning: SD-IT
Highway Access: US 31
Airports: Gerald R. Ford International Airport
Tenancy: Single Tenant
Total Number of Buildings: 6
Number of Stories: 2
Property Condition: Average
Year Built: 1910
Year Renovated: 1959
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 30
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 800
Interior Description: Basement area is estimated at 10,000sf
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PART W 1/2 NW 1/4 COM AT INT OF S LINE OF C & O RR COS MAIN RT OF WAY & W LINE OF E 300 FT OF W 1/2 NW 1/4 TH S ALONG SD W LINE 100 FT TO BEG OF THIS DESC TH S ALONG W LINE OF E 300 FT OF W 1/2 NW 1/4 70.94 FT TO ELY LINE OF C & O RR RT OF WAY SELY ALONG SD E RT OF WAY LINE TO WLY LINE OF PENN CENTRAL RR RT OF WAY TH NELY ALONG SD WLY LINE TO W LINE OF GODFREY AVE /66 FT WIDE/ TH N ALONG SD W LINE 70.94 FT TO A PT 100 FT S FROM SLY LINE OF C & O RR COS MAIN RT OF WAY TH SWLY 331 FT TO BEG* SEC 36 T7N R12W

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,766 153,065 302,405
Median Age: 25.81 30.33 33.7
Households: 4,685 56,706 116,658

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