Otsego Office Building

Office for Sale
Catylist Listing ID: 29951099
Property Subtypes: Office Building
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.04 Acres
Sale Price: $187,900
Unit Price: $39.15 PSF
Property Use Type: Vacant/Owner-User
Building Name: Otsego Office Building
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2016

Overview / Comments

Office Building located at 557 Lincoln Rd. (M-89). Excellent visibility and accessibility. Building is a 2 story with walkout level which can be divided into a 2 units. Sale subject to Townships approval for split from Parent parcel. Building is also for lease with main level priced at $10.00 p.s.f. modified gross and walk-out level at $4.00 p.s.f.

Additional Details

Nearest MSA: Holland
County: Allegan
Taxing Authority: Otsego Township
Tax ID/APN: 16002205
Zoning: O-1 OFFICE
Property Visibility: Excellent
Highway Access: 1 mile from US-131
Airports: Kalamazoo and Grand Rapids
Area Description: Just West of Otsego
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,400 SF
Year Built: 1972
Year Renovated: 2006
Parking Type: Surface
Parking Description: 8 spaces on main level with 17 at walk out level
Total Parking Spaces: 25
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: O-1 Office/Service
Lot Frontage: 175'
Lot Depth: 249'
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines
Easements Description: Easement for lower parking
Land Ownership: LLC


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,967 9,493 18,670
Median Age: 36.45 38.63 39.93
Households: 758 3,730 7,377
© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.