Former Grocery Store Building Opportunity

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30516814
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 31,638 SF
Gross Land Area: 4.24 Acres
Sale Price: $1,495,000
Unit Price: $47.25 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Jorgi's Grocery Store
Usable Size (USF): 31,638 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

The SVN Silveri Team presents this former Jorgi's grocery store in Greenville Michigan. This prime real estate is located within steps of Meijer, McDonald's and many other local and national retailers in the primary retail cluster of Greenville on M-57.

This is a rare opportunity to purchase a big box retail location with a large parking lot at only $47/SF. The building is completely full with two month to month tenants that could be relocated. The building received a new TPO roof in 2017 at a cost of over $450,000. There is a 30 year roof warranty that started in 2017. There is a large pylon sign, three loading docks and a drive in door.

There are over 48,000 people living within a 10 mile radius. We have a recent ALTA survey.

Attachments & Media

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $39,355 (Annual)

Additional Details

Nearest MSA: Undisclosed
County: Montcalm
Submarket/Township: Other area
Taxing Authority: Greenville
Tax ID/APN: 59-052-742-020-00
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Tenancy: Single Tenant
Year Built: 1985
Year Renovated: 2017
Total Parking Spaces: 200
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,935 12,357 20,691
Median Age: 33.63 36.24 37.32
Households: 1,174 4,884 8,012
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