FORMER BANKING FACILITY - CHARLOTTE, MI

Retail-Commercial for Sale
Catylist Listing ID: 30765337
Property Subtypes: Free-Standing Building
Building Size (RSF): 4,083 SF
Gross Building Area: See Agent
Gross Land Area: 1.27 Acres
Sale Price: $525,000
Unit Price: $128.58 PSF
In Opportunity Zone? Yes
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Building Name: Fifth Third Bank
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2021

Overview / Comments

AVAILABLE FOR SALE: 4,083 SF former bank building with 4-lane drive-thru and 1 ATM lane in Charlotte, Michigan. Built in 2003, the existing floor plan offers a lobby/teller area, 7 private offices, conference room, kitchenette/lounge, vault and men’s/women’s ADA restrooms. The property is situated on a 1.27-acre parcel, with 260’ of frontage on Lansing St./M-79 Hwy., and features 43 parking spaces, pylon signage and dual access points. Conveniently located just 1/2 mile from the I-69/E. Lansing Rd. interchange and 1 mile from downtown Charlotte. Area tenants include Advance Auto Parts, Burger King, McDonald’s, KFC, Wendy’s, Goodwill, Candy Ford, Arby’s, Biggby Coffee, O’Reilly Auto Parts, Byrum Ace Hardware, Little Caesar’s Pizza, Admiral Discount Tobacco, Family Dollar, Rent-A-Center, Culver’s, Big Boy, Rally’s and Taco Bell. Property is zoned B-3, General Business District in the City of Charlotte.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Eaton
Taxing Authority: Charlotte, City of
Tax ID/APN: 200-007-400-250-02
Zoning: B-3, GENERAL BUSINESS DISTRICT
Property Located Between: Hall Street & I-69 Highway
Property Visibility: Excellent
Largest Nearby Street: Hall Street
Feet of Frontage: 260
Highway Access: Located on M-79 Highway & just southwest of Lansing Street/I-69 Highway interchange.
Airports: Located just southwest of Fitch H Beach Airport.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,083 SF
Year Built: 2003
Roof Type: Gable
Construction/Siding: Brick, Steel Frame, Wood Frame
Exterior Description: Brick
Total Parking Spaces: 43
Parking Ratio: 10.5 (per 1000 SF)
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B-3, General Business District
Lot Frontage: 260
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM.CEN.LANSING RD 596.4 FT N35 1/2 DEG E OF S SEC. LINE, S 35 1/2DEG W 152.3 FT, S 54 1/2DEG E 293 1/2 FT, N35 1/2 DEG E 44 FT, E 41.5 FT, N 174.5 FT, W 80FT, N54 1/2 DEG W 161.3 FT TO BEG. ALSO COM S 1/4 COR SEC 7; N 89D 37' 14" W 140.45 FT TO C/L LANSING RD; N 35D 25' 26" E 598.41 FT TO POB; S 53D 52'59" E 159.92 FT; S 88D 49' 21" E 82.37 FT; N 00D 32' 26" E 48.85 FT; N 35D 25' 26" E 21.33 FT; N 54D 45' 07" W 136 FT; S 35D 25' 26" W 20.91 FT; N 54D 34' 34" W64.06 FT; S 35D 25' 26" W 84.49 FT TO POB. EXCEPT LAND LYING NWLY OF LINE DESC; COM AT S COR SEC 7; N89DEG 11MIN 32 SEC W 140.43 FT TO A PT ONSURVEY C/L I-69; N 35DEG 50 MIN 49 SEC E 719.11 FT; S 54 DEG 9 MIN 11 SEC E 33 FT TO POB; 50 FT SWLY PARALLEL TO C/L OF RD; S 54 DEG 9 MIN 11 SEC E 6 FT; 250 FT SWLY PARALLEL TO C/L TO POE. SEC 7, T2N, R4W, CITY OF CHARLOTTE 6-8-04 SPLIT ON 01/06/2004 FROM 200-007-400-261-00200-007-400-250-00; SPLIT ON 11/15/2004 FROM 200-007-400-250-01;

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,190 11,776 21,417
Median Age: 35.48 37.58 38.93
Households: 2,182 4,670 8,280

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