Quality Built, 16,000+ SQFT Office Building Available

Retail-Commercial for Sale
Catylist Listing ID: 30524370
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 16,082 SF
Gross Land Area: 1.88 Acres
Sale Price: $1,150,000
Unit Price: $71.51 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/11/2019

Overview / Comments

Well-positioned, quality-built office building located between Zeeland and Holland. More than 16,000 sqft on 1.88 acres in Holland Township. Current occupancy is 88%. One prime 2,000 sqft space available for lease with Chicago Dr frontage. This established investment opportunity includes tenants such as Vee's Grill, Advance Therapy, DeWitt's Marketing, Law Group, Massage Therapy, etc. All leases are NNN. Property is offered at 8% CAP.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Tax ID/APN: 70-16-23-250-021
Zoning: OS
Retail Clientele: General, Family, Business, Other
Property Located Between: Burton & 104th
Property Visibility: Excellent
Largest Nearby Street: Chicago Dr
Feet of Frontage: 165
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1997
Total Parking Spaces: 100
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PART OF NE 1/4 COM S 0D 02M 58S E 857.04 FT, N 89D 57M 02S W 176.4 FT & S 43D 14M 30S W 50.32 FT ALG NW'LY LI OF RIEMERSMA'S SUB NO 3 FROM NE SEC COR, TH CONT S 43D 14M 30S W 310 FT, N 24D 11M W 456.35 FT TO S'LY R/W LI OF CHICAGO DR TH N 65D 47M 24S E 165 FT ALG SD R/W, TH S 24D 11M E 282.85 FT, S 89D 57M 02S E 132.96 FT TO BEG. SEC 23 T5N R15W FROM 16-23-276-016 4/90

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,189 38,655 81,903
Median Age: 35.84 34.77 34.03
Households: 1,833 14,373 29,085
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