308 E. Michigan Avenue

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 1918905
Property Subtypes: Free-Standing Building, Retail-Pad
Status: Pending
Building Size (RSF): 36,048 SF
Gross Land Area: 2.40 Acres
Sale Price: $395,000
Unit Price: $10.96 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2018

Overview / Comments

Former grocery store located in heart of Downtown Paw Paw. Site is ideal for a complete redevelopment, multiple divisions, or single big box user. The property site encompasses the majority of a city block, It also has excellent frontage & visibility on East Michigan Avenue and high traffic counts.

Attachments & Media


Finance Data Year 2012
Real Estate Taxes - Annual($) $26,436 (Annual)
Tax Value Land $391,000
Finance Data Year 2011
Real Estate Taxes - Annual($) $26,436 (Annual)
Tax Value Land $391,000
Finance Data Year 2010
Real Estate Taxes - Annual($) $26,436 (Annual)
Tax Value Land $391,000

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Tax ID/APN: 804712300200
Zoning: MDR
Market Type: Large
Retail Clientele: Business
Property Located Between: Nites & LaGrange
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Michigan
Transportation: Bus, Highway
Site Description: "Bi-Level adjacent office building located at 303 East Michigan included in sale".
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 44,052 SF
Property Condition: Good
Year Built: 1963
Roof Type: Flat
Construction/Siding: Concrete, Steel Frame
Exterior Description: Concrete block
Parking Type: Surface
Heat Type: Electricity
Heat Source: Radiant
Air Conditioning: Engineered System, Package Unit
Zoning Description: Commercial
Lot Frontage: 123'
Lot Depth: IRR
Legal Description: 6 parcels included in sale. Legal description attached.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,484 7,722 20,761
Median Age: 32.89 38.72 38.97
Households: 570 3,084 7,927


Photograph of Listing Agent

Matt Callander, CCIM

Callander Commercial CPIX Member
© Copyright 2001-2018 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.