Former Auto Dealership

Retail-Commercial for Sale
Catylist Listing ID: 30373014
Property Subtypes: Mixed Use, Service Station/Gas Station, Vehicle Related, Other
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Sale Price: $549,000
Unit Price: $36.60 PSF
Ceiling: 18 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2019

Overview / Comments

The subject property is comprised of 4.5 acres of land and is situated on Blue Star Highway at 139th Avenue, between Holland and Saugatuck. The property has been the location of an automotive sales and service operation for over 20 years but offers an excellent opportunity for an adaptive reuse for any type of service-oriented business that requires a combination of office and shop/warehouse area. The building is equipped with infrastructure (spray booth, parts storage/racking, compressed air, etc.) associated with automotive service. The seller has above-grade automotive hoists and a frame alignment machine that are available for purchase for a buyer interested in continuing in an automotive related business. The building consists of 15,000 SF with approximately 5,000 SF currently housing the automotive service and sales operations. The balance of the building has higher ceiling and is used for storage but could have an alternate use. The building is serviced by multiple drive-in overhead doors (12’ and 14’ doors). The high bay area would be excellent for seasonal storage of RV’s and or boats. The building sets up very well for multi-tenant users and has been used in that capacity as well.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Tax ID/APN: 030603002420
Zoning: C2
Retail Clientele: General, Business, Other
Property Located Between: 139th and 140th
Property Visibility: Good
Largest Nearby Street: Blue Star Highway
Feet of Frontage: 440
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1992
Construction/Siding: Steel Frame
Parking Type: Surface
Heat Type: Natural Gas
Lot Frontage: 440
Lot Depth: 440
Water Service: Well
Sewer Type: Septic
Legal Description: COM AT E 1/4 PST TH W 458.34' TH N 446.76' TH E 457.28' TH S 451.60' TO POB SEC 30 T4N R15W (91)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,780 27,424
Median Age: 37.13 41.48
Households: 2,112 11,102

Contact

Photograph of Listing Agent

Bryan D. Bench

CORE Realty Partners
CARWM Member
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