4229 S Westnedge Avenue

Retail-Commercial for Sale
Also listed as Business Opportunity, Office
Catylist Listing ID: 29623506
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 1,120 SF
Gross Land Area: 0.26 Acres
Sale Price: $180,000
Unit Price: $160.71 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Nail Art
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 7.5%
Last Updated: 8/13/2018

Overview / Comments

Long standing reputable nail salon investment opportunity. 7.5% cap rate. 15 yr tenant will remain with two year lease and 5 yr option to renew, approx. $1583/mo plus maintenance. Recent remodel, excellent condition highly desirable S. Westnedge location.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: Kalamazoo City
Tax ID/APN: 39000634350001
Market Type: Medium
Retail Clientele: General, Family, Business
Property Located Between: Evelyn & Pratt
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: S. Westnedge
Highway Access: I-94 within 1 mile
Airports: Kalamazoo-Battle Creek Airport
Site Description: 1180sf remodeled retail nail salon. Very suitable for retail or professional office. Would accommodate 4 offices with kitchen, clean dry basement. Deep lot, 600' for future expansion.
Area Description: High traffic S Westnedge, main thoroughfare to regional mall.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,120 SF
Property Condition: Good
Year Built: 1983
Year Renovated: 2010
Construction/Siding: Concrete
Exterior Description: Alum siding
Total Parking Spaces: 15
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 54
Lot Depth: 213

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,879 90,161 157,755
Median Age: 36.85 33.25 33.75
Households: 4,003 35,975 64,481


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