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: $549,000
Unit Price: $31.14 PSF
Property Use Type: Investment
Building Name: Riverside Merchants
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/17/2018

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

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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
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