$1,700,000
Fremont, MI 49412
MLS# 14008555
Status: Sold
41784 sqft
1 / 2
Property Description
#2156 100% leased investment opportunity. Nearly 42,000 sf net lease to Dunham Sports, Peebles, Glik's and Continental Rental. Major tenants renewals to 2027 and 2033. Solid cash flow with upside potential offering two pad sites (.5 & 1.4 acres) for lease build-to-suit or sale. Conveniently located in the Fremont business retail business district. Avg. HH income $70,324 (1 Mile), $68,166 (3 Miles) and $65,092 (5 Miles). Financial information provided upon receipt of signed confidentiality agreement. Call/email listing agent.
Details
Location Property Info
County: Newaygo
Street #: 1429
Street Name: Main
Suffix: Street
State: MI
Zip Code: 49412
Area: West Central - W
OfficeContract Info
Status: Sold
Current Price: $1,700,000
List Price: $2,200,000
Listing Date: 2014-02-24
General Property Info
Lot Measurement: Acres
Lot Acres: 10.19
Lot Square Footage: 443876
Lot Dimensions: 220' x 900' x 715' IRREG.
Year Built: 1974
Road Frontage: 220
Listing Number Display: 14008555
Year Remodeled: 1988
Total # Units: 4
Total # Bldgs: 2
Total SqFt: 41784
Total Net SqFt: 41784
Waterfront: No
School District: Fremont
Tax Info
Tax ID #: 621334300040
Taxable Value: 670900
SEV: 670900
For Tax Year: 2014
Seller's Annual Property Tax: 40527
Tax Year: 2013
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: Neighborhood Sh
Remarks Misc
Directions: W. Main St (48th St., also known as M-82), between DeWitt and Market Avenues (north side)
Status Change Info
Under Contract Date: 2014-06-11
Sold Date: 2014-06-19
Sold Price: $1,700,000
Sold Price/SqFt: 40.69
Income and Expenses
Gross Op Income ($): 376000
Property Features
SqFt Information: Security System
Uses: Retail; Other
Ownership: LLC
Business Includes: Real Estate
Construction Type: Block
Exterior Material: Block; Brick; Stone
Roofing: Rubber
Below Grade: None
Additional Features: Barrier Free; Clearspan; Expandable; Fire Sprinkler; Multi User Facility; Util Sep Mt
Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional; Tax Def Exchange
Docs at List Office: Aerial Photo; Survey; Other
Docs Req Conf Agrmnt: Demographics; Financials; Leases; Rent Roll; Site Plan
Sale Conditions: None
Listing Office: Coldwell Banker Woodland Schmidt Commercial
Listing Agent: Michael Nagelkirk
Last Updated: December - 19 - 2024
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