Commercial Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30421634
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 7,588 SF
Gross Building Area: See Agent
Sale Price: $349,900
Unit Price: $46.11 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/27/2019

Overview / Comments

These 3 contiguous downtown storefronts are in the heart of Hastings, & offer more than 7,500 square feet of space. The owners of this multi-generation family owned appliance store have decided it is time to retire. They are giving you the opportunity to be a part of the downtown business scene. These 3 store fronts offer endless opportunities including: owner & operate your own business, use part of the buildings for your business & rent the other parts, invest in the buildings & rent them all, and great potential for upstairs apartments over one of the buildings. The seller would also entertain a buyer for not only the real estate, but also the inventory, fixtures & business if there is interest. Come be a part of one of America's Top 100 small towns.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Barry
Taxing Authority: City of Hastings
Tax ID/APN: 085520112100 & 085520112000 & 085520111900
Zoning: B-1
Retail Clientele: Business
Property Located Between: Between Church St. and Jefferson St.
Property Visibility: Excellent
Largest Nearby Street: Broadway St.
Highway Access: Easy Access to M-37 Hwy and M-43 Hwy.
Site Description: 3 contiguous downtown storefronts.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1856
Construction/Siding: Block, Concrete
Parking Type: Surface
Parking Description: Parking in the front of store and also a city parking lot behind the store.
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Lot Frontage: 0.197
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lengthy Legal. In the Listing Office.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,707 10,265 17,144
Median Age: 31.26 39.28 40.05
Households: 1,000 4,029 6,481

Contact

Photograph of Listing Agent

Justin Peck

Miller Real Estate Not a member of CARWM
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