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. |
Map
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 |
