Great site ready for your re-development

Retail-Commercial for Sale
Catylist Listing ID: 30138955
Property Subtypes: Convenience Store, Garden Center, Restaurant, Retail-Pad
Building Status: Proposed
Building Size (RSF): 4,208 SF
Gross Building Area: See Agent
Gross Land Area: 0.76 Acres
Sale Price: $670,000
Unit Price: $159.22 PSF
Property Use Type: Investment
Building Name: N/A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Currently these 3 parcels have rental units on them along with a rental storage unit. With the proximity of Spring Arbor University, a growing residential senior care home industry and with only one major restaurant nearby, the property would be better utilized to cater to the needs of the University and their students as well as the growing senior population.

Additional Details

Nearest MSA: Jackson
County: Jackson
Taxing Authority: Spring Arbor Twp
Tax ID/APN: 000-12-16-381-014-01, 000-12-16-381-013-00, 000-12-16-381-015-01
Zoning: COMMERCIAL/RESIDENTIAL
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: Teft Rd and Star Rd
Property Visibility: Excellent
Largest Nearby Street: M-60
Feet of Frontage: 136
Traffic/Vehicle Count: 11,800
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 2
Total Parking Spaces: 20
Parking Type: Surface
Zoning Description: Commercial and residential
Lot Frontage: 136
Lot Depth: Variable 154 to 330
Water Service: Well
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: COMM AT PT OF INTERSECTION OF N&S 1/4 LN OF SEC 16 WITH CEN OF M-60 HWYTH S73°59'W ALG CEN OF M-60 HWY 429 FT TO A PT FOR POB TH S73°59'W ALG CEN LN OF M-60 HWY 66 FT TH S16°01'E 330FT TH N73°59'E 66 FT TH N16°01'W 330 FT TO BEG. SEC 16 T3S R2W .5A...

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,017 19,907
Median Age: 33.66 38.78
Households: 2,648 7,721

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