Great investment opportunity in Big Rapids, Michigan-Near Ferris State University!
Call listing broker Mark Baker at 616-299-4146 to schedule a showing.
| Property Subtypes: |
Community Center, Neighborhood Center, Outlet Center, Regional Mall, Strip Center |
| Building Size (RSF): |
5,200 SF |
| Gross Land Area: |
28,348 – 23,348 SF |
| Sale Price: |
$524,900 |
| Unit Price: |
$100.94 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Business |
| Building Name: |
Mancinos Pizza, Tracy’s Hair Salon, Boost Mobile, Rise Smokeshop |
| Usable Size (USF): |
5,200 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.5% |
| Average Occupancy Rate: |
95 |
| Last Updated: |
12/1/2018 |
Overview / Comments
| Prime retail location with excellent occupancy history in the heart of Big Rapids. Recent upgrades include, roof, parking lot lights, separately metered gas & electric |
Additional Details
| Nearest MSA: |
Big Rapids |
| County: |
Mecosta |
| Taxing Authority: |
City of Big Rapids |
| Tax ID/APN: |
54-17-15-279-021 |
| Zoning: |
C-3 |
| Retail Clientele: |
General, Family, Recreation |
| Property Visibility: |
Fair |
| Feet of Frontage: |
186 |
| Highway Access: |
US-131 about 1 mile east to Exit 139 |
| Airports: |
Mecosta County Airport 2 miles north |
| Site Description: |
NW Corner of S State St & Spring St. Curb cut from both streets. |
| Area Description: |
Immediately north of new O’Reilly’s Auto Parts, Wendys, Taco Bell, Subway. Between Downtown and Ferris State University. High Visibility location. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
5,200 SF |
| Property Condition: |
Excellent |
| Year Built: |
1993 |
| Year Renovated: |
2017 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick, Wood Siding |
| Exterior Description: |
Sloped roof total tear off & replacement in 2017. Lower brick with wood siding above, glass retail. |
| Parking Type: |
Surface |
| Parking Description: |
Typical park at the door retail strip |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable |
| Interior Description: |
Typical retail space |
| Zoning Description: |
Commercial |
| Lot Frontage: |
186 |
| Lot Depth: |
144 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
SEC 15, T15N, R10W – BEG ON THE W LI OF S STATE ST 225 FT S OF SE COR OF LOT 7 OF STIMSON’S ADDITION; TH W 148.5 FT; TH S TO N LI OF BLK 8 OF CLARK AND FULLER’S ADDITION; TH E 148.5 FT TO W LI OF S STATE ST; TH N TO POB ALSO THAT PART OF CLARK AND FULLER’S ADDITION — BLK 8, THE E 1/2, EXC BEG AT THE SE COR OF SD BLK 8, TH W 5 FT ALG BLK LI, TH NE’LY TO A PT ON E BLK LI 5 FT N OF POB, TH S 5 FT ALG BLK LI TO POB. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,669 |
14,167 |
17,456 |
| Median Age: |
23.23 |
27.19 |
29.67 |
| Households: |
1,926 |
4,652 |
6,006 |
Property Images:
