308 E. Michigan Avenue

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 1918905
Property Subtypes: Free-Standing Building, Retail-Pad
Status: Pending
Building Size (RSF): 36,048 SF
Gross Land Area: 2.40 Acres
Sale Price: $395,000
Unit Price: $10.96 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2016

Overview / Comments

Former grocery store located in heart of Downtown Paw Paw. Site is ideal for a complete redevelopment, multiple divisions, or single big box user. The property site encompasses the majority of a city block, It also has excellent frontage & visibility on East Michigan Avenue and high traffic counts.

Financials

Finance Data Year 2012
Real Estate Taxes - Annual($) $26,436 (Annual)
Tax Value Land $391,000
Finance Data Year 2011
Real Estate Taxes - Annual($) $26,436 (Annual)
Tax Value Land $391,000
Finance Data Year 2010
Real Estate Taxes - Annual($) $26,436 (Annual)
Tax Value Land $391,000

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Tax ID/APN: 804712300200
Zoning: MDR
Market Type: Large
Retail Clientele: Business
Property Located Between: Nites & LaGrange
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Michigan
Transportation: Bus, Highway
Site Description: "Bi-Level adjacent office building located at 303 East Michigan included in sale".
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 44,052 SF
Property Condition: Good
Year Built: 1963
Roof Type: Flat
Construction/Siding: Concrete, Steel Frame
Exterior Description: Concrete block
Parking Type: Surface
Heat Type: Electricity
Heat Source: Radiant
Air Conditioning: Engineered System, Package Unit
Zoning Description: Commercial
Lot Frontage: 123'
Lot Depth: IRR
Legal Description: 6 parcels included in sale. Legal description attached.

Attachments & Media



Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,484 7,722 20,761
Median Age: 32.89 38.72 38.97
Households: 570 3,084 7,927

Contact

Photograph of Listing Agent

Ellie Callander, SIOR, CCIM

Callander Commercial CPIX Member
Photograph of Listing Agent

Matt Callander, CCIM

Callander Commercial CPIX Member
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