200 South Division

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30456568
Property Subtypes: Mixed Use, Street Retail, Other
Status: Pending
Condo? Yes
Building Size (RSF): 15,837 SF
Gross Land Area: 0.69 Acres
Sale Price: $499,000
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 15,837 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/23/2020

Overview / Comments

15,837 SF of first floor only retail/condo space available at the corner of Cherry & Division. Corner 1st floor space fronts both Division and Cherry Streets. Parking on the street. One overhead door. Separate utilities. Steam heat. 7,058 SF basement works for storage. Concrete and brick construction.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-30-360-001
Is Condo?: Yes
Retail Clientele: General
Property Located Between: Corner of Division and Cherry
Property Visibility: Excellent
Largest Nearby Street: South Division
Feet of Frontage: 110
Traffic/Vehicle Count: 13,751
Highway Access: US 131
Airports: Gerald R Ford
Site Description: Corner of Cherry and South Division. Retail exposure.
Area Description: City Center Neighborhood, urban, retail area
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,000 SF
Property Condition: Fair
Construction/Siding: Brick
Exterior Description: Glass storefront with brick exterior.
Parking Type: Other
Parking Description: Street Parking
Sprinklers: Wet
Heat Type: Steam
Heat Source: Central
Interior Description: Wide open retail or loft office space. Large storefront windows. Storage in back, as well as in basement.
Zoning Description: City approved zoning information in attached documents.
Lot Frontage: 49
Lot Depth: 110
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Land Ownership: Condominium
Legal Description: 411430360001 UNIT 1 * DIVISION-SHELDON CONDOMINIUM KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.1021 INSTRUMENT NO.20170420-0034706 SPLIT ON 06/13/2006 FROM 41-14-30-351-004, 41-14-30-351-007; SPLIT/COMBINED ON 05/24/2017 FROM 41-14-30-351-010;

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,602 161,106 297,366
Median Age: 28.07 31.09 33.59
Households: 8,852 60,338 114,597


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