Investment/ Office/Retail Building, Charlotte, MI

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30392428
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 4,956 SF
Gross Land Area: 1.11 Acres
Sale Price: $989,000
Unit Price: $199.56 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: N/A
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 7.6%
Average Occupancy Rate: 100
Last Updated: 11/12/2019

Overview / Comments

Newer office building (1993) with two tenants. This is a fabulous NNN Investment. Retail, or Office. The owner, which now occupies approx. 1/2 of the building can move, or rent back to an owner/investor. The other tenant is on a NNN lease. Please contact the listing agent for financial details.

LOCATION IS THE THING! This property is at the intersection of Lansing Road, and Packard Highway, right at the U.S. 27 exit ramp. There are national chain retail stores like Wal-Mart & Meijer, just a few yards from this site. There are also national food restaurants like McDonald's and Big Boy, as well as local eateries within just blocks. County and local government buildings are less than a 5 minute drive to this location. Whether you need access to the highway for distribution, government offices and facilities, or branded retail environment, this is the spot.

Attachments & Media

Current Tenants

Tenant Business Name National Class A Tenant
Contact Name See Listing Agent
Phone Number 517-980-4573
Industry Type Retail Trade
Is Renting? Yes
Escalations Yes
Options Yes
Tenant Notes Do Not Contact Tenant
Tenant Business Name Preferred Business Partners PLLC
Contact Name See Listing Agent
Phone Number 517-980-4573
Industry Type Other Services
Escalations yes
Tenant Notes Seller is the second tenant. Seller will move, or stay

Additional Details

Nearest MSA: Lansing-East Lansing
County: Eaton
Taxing Authority: City of Charlotte
Tax ID/APN: 200-008-100-025-04
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Located Between: Packard Highway & Lansing Road just east of I-69.
Property Visibility: Excellent
Largest Nearby Street: Packard Highway
Highway Access: Just off the exit ramp for Lansing Road & I-69
Airports: Charlotte Airport
Site Description: Retail/Office and Distribution access. Next to a Courtyard Hotel
Area Description: Great demographics. Middle to upper income area, surrounded by schools & services.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1993
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Asphalt Lot
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Interior Description: Tastefully decorated to fit present use.
Part of Planned Development?: Yes
Lot Frontage: See attached survey.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Land Ownership: Fee Simple
Legal Description: See Attached Survey

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,562 13,579 20,573
Median Age: 38.8 37.57 38.82
Households: 1,030 5,356 7,968

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