S. State St - 1201

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30149116
Property Subtypes: Street Retail, Other
Building Size (RSF): 17,630 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $32.61 PSF
Property Use Type: Investment
Building Name: Riverside Merchants
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/18/2019

Overview / Comments

*17,630 sq. ft. retail strip center
*Commercial building 68% occupied, three vacant suites
*Property includes two residential income properties behind retail building
*2017 new roof installed on ~80% of commercial building
*2017 commercial building has new fa├žade, including siding and stone on street-side, new metal roof covering entrance area, stone columns, and storefront glass and doors
*Cap rate at 100% occupancy 14%

Additional Details

Nearest MSA: Ionia
County: Ionia
Tax ID/APN: 06009000027510
Zoning: RETAIL
Property Located Between: Near the corner of S. State St & E. Riverside Dr

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,839 13,827 20,230
Median Age: 35.54 34.39 35.73
Households: 705 3,377 5,791
© Copyright 2001-2019 Catylist. 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.