8960 M-140

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30022482
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 1,200 SF
Gross Land Area: 5.95 Acres
Sale Price: $498,000
Unit Price: $415 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/23/2017

Overview / Comments

Commercial development opportunity on 6 acres with 352' of frontage on Business Route I-196 (M-140). Great location with access to Bluestar Highway, US-31 and one mile from I-196 exit. Sale includes (2) two parcels with approximately 3 acres each, being sold together. South parcel has a 1,200 sf pizza restaurant. North parcel is vacant. Zoning allows many possible uses with neighborhood and community service zoning. Office, medical, school, hotel, auto/boat/rv sales, restaurant, etc. Room to expand restaurant or invest in future redevelopment. Parcel splits allow flexibility. All utilities on site and connected to former 1,200 sf restaurant.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $5,548 (Annual)
Tax Value Improvements $108,200
Assessed Value - Total($) $108,200 (Annual)

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Taxing Authority: South Haven Twp
Tax ID/APN: 801701503800/801701511700
Zoning: CSC
Property Located Between: Aylworth & Blue Star Highway
Property Visibility: Excellent
Largest Nearby Street: Blue Star Highway
Feet of Frontage: 352
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,200 SF
Property Condition: Good
Year Built: 2003
Construction/Siding: Metal Siding
Exterior Description: Metal
Parking Description: Parking lot
Heat Type: Natural Gas
Heat Source: Baseboard
Zoning Description: Community Service
Lot Frontage: 352
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On file in listing office


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,759 8,383 11,755
Median Age: 41.4 43.88 43.84
Households: 1,156 3,582 4,938
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