4329 Kalamazoo Ave SE, Grand Rapids

Retail-Commercial for Sale
Catylist Listing ID: 29996233
Property Subtypes: Street Retail
Building Size (RSF): 1,012 SF
Gross Building Area: See Agent
Sale Price: $99,900
Unit Price: $98.72 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2017

Overview / Comments

Small investment property available with strong visibility at Kalamazoo and 44th. Property nets $12,850 annually. New roof in 2013, new furnace 2012, new water heater 2016.

Akilah's Beauty shop is paying $700 / month plus utilities (except water) and a $53 / month CAM.
Cell Phone repair shop is paying $550 / month plus utilities (except water)
Annual gross of $15,600.

For an owner/user both of the tenants can be removed with a 30 day notice.

Contact listing agent for more information.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-20-479-009
Zoning: COMMERCIAL
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,883 106,580 245,801
Median Age: 37.5 34.58 33.87
Households: 6,207 41,742 91,309

Source

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