Land/BB Retail/Multi-Family

Special Purpose for Sale
Catylist Listing ID: 29738033
Building Size (RSF): 2,000 SF
Gross Land Area: 28.95 Acres
Sale Price: $1,750,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/23/2016

Overview / Comments

Nearly 30 acres for commercial development near the junction of Shaver Road, Westnedge Avenue and Center Road in Portage, MI. Average daily auto volume is over 21,000 - many restaurants, box stores and a regional mall nearby. Located between Meijer and Walmart - both newly constructed since 2005. The property shares a stop light with Walmart. Excellent location for multi-family (subject to approval). Many opportunities with this property 30 total on-site parking spaces Building signage

Financials

Finance Data Year 2016
Net Operating Income $0 (Annual)
Finance Data Year 2015
Net Operating Income $0 (Annual)

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kent
Tax ID/APN: 391000021285B
Site Description: Near the junction of Shaver Road, Westnedge Avenue & Center Road.


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,108 44,326 79,193
Median Age: 36.8 38.32 38.35
Households: 952 18,082 33,400

Contact

Photograph of Listing Agent

David Persons

Berkshire Hathaway HomeServices Michigan Real Estate - Colon
Not a member of CPIX
Photograph of Listing Agent

Doug Todd

Berkshire Hathaway Michigan Real Estate - Grand Rapids
CPIX Member
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