3648 S. Division Ave

Retail-Commercial for Sale
Catylist Listing ID: 29997436
Property Subtypes: Restaurant
Building Size (RSF): 1,100 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
Sale Price: $129,000
Unit Price: $117.27 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2017

Overview / Comments

Well-built commercial 1,100 sq. ft. kitchen with double drive-thru windows. Ideal for chain restaurant expansion or owner-operator. This building is designed for a high volume operation-with good management should gross 500k to 1 million per year. Average daily traffic over 17,000. Free standing building was rehabbed in 2009 upgrades on electrical, plumbing, HVAC, hood fans & make up air. Large walk-in freezer and cooler have been reconditioned with new fans, stainless steel floors & new or rebuilt condensers. Property also has 2 fire suppression systems, 2 stainless steel hoods & underground sprinkling. Easy to clean interior feat, concrete, tile, stainless steel, 6 floor drains & slop sink. Inspected and approved by the City. Will consider rent-to-own, land contract, 1031 exchange or other creative financing for qualified buyers.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-18-19-101-008
Zoning: B2
Property Located Between: 36th & 39th
Feet of Frontage: 67
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,100 SF
Year Built: 1986

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,134 136,714 286,444
Median Age: 32.57 33.07 33.55
Households: 3,637 49,805 108,207

Source

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