1409 & 1517 Joe Mann Boulevard
Retail-Commercial
for Sale
| Catylist Listing ID: |
30183870 |
| Property Subtypes: |
Free-Standing Building, Other
|
| Building Size (RSF): |
32,173 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
4.63 Acres
|
| Sale Price: |
$3,436,237 Per Acre |
| Total Price: |
$2,537,971 |
| Property Use Type: |
Investment |
| Sale Terms: |
Other |
| Cap Rate: |
8.5% |
| Last Updated: |
2/7/2019 |
Overview / Comments
|
The subject opportunity is a two-asset retail portfolio located in Midland, Michigan and includes: Staples located at 1517 Joe Mann Blvd. totaling 24,173 sq. ft. and Pier 1 Imports located at 1409 Joe Mann Blvd. totaling 8,000 sq. ft. Within close proximity to Midland Mall, and easy access to all the amenities Midland has to offer. This portfolio is an attractive opportunity for investors. The assets are very secure buildings that have been institutionally maintained and contain adequate parking. Additionally, the assets are located in one of the strongest retail corridors of Midland, shadow anchored by both Meijer and Midland Mall.
|
Additional Details
| Nearest MSA: |
Midland |
| County: |
Midland |
| Tax ID/APN: |
11-33-60-124; 120 |
| Zoning: |
RC |
| Property Located Between: |
E. of Eastman Avenue |
| Largest Nearby Street: |
Eastman Ave. & US-10 |
| Traffic/Vehicle Count: |
25,388 |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Parking Type: |
Surface |
| Parking Description: |
Ample Parking |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,096 |
35,081 |
51,290 |
| Median Age: |
43.47 |
39.47 |
39.1 |
| Households: |
1,511 |
14,176 |
20,982 |
|
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.
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