Retail / Redevelopment Site at US 127 across from Meijer

Retail-Commercial for Sale
Catylist Listing ID: 30000501
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 1,472 SF
Gross Land Area: 0.61 Acres
Sale Price: $115,000
Unit Price: $78.13 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2016

Overview / Comments

Located right off US 127, this .61 acre site is adjacent to McDonald's, Shell, Independent Bank and MSU Federal Credit Union and right across from Meijer. Nearby redevelopment is in the works for 2017 and improvements to Kipp Road were completed in 2016. Kipp Rd is an important retail development area for the City with focus on growth centered on the area. Recent expansion at the world headquarters of Dart Container and proximity to MSU continue to drive the Mason area economy and drive population growth.

The site has parking in both the front and the rear currently. The front of the building has a handicap access ramp while the rear of the building is built on a slab on grade, giving it full accessibility. The site has electric, gas and water to the site with the building currently on well and septic.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Mason / Ingham County
Tax ID/APN: 33-19-10-08-476-015
Zoning: C-2 ZONING
Market Type: Small
Retail Clientele: General, Family, Traveler
Property Located Between: US 127 and Cedar St
Side of Street: North
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: US 127
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1954
Year Renovated: 2003
Roof Type: Gable
Construction/Siding: Vinyl Siding
Total Parking Spaces: 11
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Water Service: Municipal, Well
Sewer Type: Municipal, Septic


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,082 11,522 23,561
Median Age: 38.87 39.35 39.28
Households: 2,206 4,519 9,151

Contact

Photograph of Listing Agent

Matthew Wisniewski, CCIM

RE/MAX COMMERCIAL GROUP CPIX Member
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