3621 S. Martin Luther King Jr. Blvd

Retail-Commercial for Sale
Catylist Listing ID: 30441195
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,173 SF
Gross Building Area: See Agent
Gross Land Area: 0.99 Acres
Sale Price: $500,000
Unit Price: $157.58 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/14/2019

Overview / Comments

Great location near intersection of MLK & Holmes Road. Former fast food with a drive-thru! Great opportunity. Come and make an offer! :)

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-01-01-32-226-022
Zoning: F-COMMERCIAL
Retail Clientele: General
Property Located Between: MLK jr. Blvd & Holmes Road
Property Visibility: Excellent
Traffic/Vehicle Count: 30,000
Highway Access: Located between I-96 & I-496 near Holmes Road
Site Description: .99 acre site with loads of parking
Area Description: Former fast food location with a nicely developed .99 acre lot with a Drive-Thru!
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1982
Year Renovated: 2003
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Excellent parking lot with loads of spaces!
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Interior Description: Current layout is that of a fast food restaurant.
Zoning Description: Retail/commercial zoning and use permitted.
Lot Frontage: 200
Lot Depth: 213
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: COM S 89DEG 49MIN W 1272.73 FT & S 00DEG 07MIN 40SCD W 849.03 FT FROM NE COR SEC 32, TH N 89DEG 49MIN E 199.5 FT, S 00DEG 07MIN 40SCD W 213 FT, S 89DEG 49MIN W 200 FT, N 00DEG 07MIN 40SCD E 102.64 FT, NE'LY 110.36 FT ALONG A 12227.67 FT RADIUS CURVE TO RIGHT CHORD BEARING N 00DEG 23MIN 11SCD E 110.36 FT TO POB; SEC 32 T4N R2W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,188 99,077 209,704
Median Age: 36 34.26 33.93
Households: 6,218 42,548 85,768
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