Retail Building For Sale
Retail-Commercial
for Sale
Also listed as Shopping Center
| Catylist Listing ID: |
30048742 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Retail-Pad
|
| Building Size (RSF): |
11,235 SF
|
| Gross Land Area: |
1.03 Acres
|
| Sale Price: |
$699,000 |
| Unit Price: |
$62.22 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User, Business |
| Building Name: |
Gormans Market |
| Usable Size (USF): |
11,235 SF |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/23/2020 |
Overview / Comments
This grocery store was built in 1990 and is currently set up with a full service meat counter, deli and coolers.
Price is real estate only. Please inquire for business information.
The location is within in walking distance of the are neighborhoods and has a distinct advantage in that the barrier to entry for a large format grocer is high with little room to build and no distinct commercial development to anchor such a development. This leaves the store as the primary grocery store for this large residential population.
|
Additional Details
| Nearest MSA: |
Lansing-East Lansing |
| County: |
Ingham |
| Taxing Authority: |
City of Lansing - Ingham County |
| Tax ID/APN: |
33-01-01-05-401-132 |
| Zoning: |
F COMMERCIAL |
| Retail Clientele: |
General, Family |
| Property Visibility: |
Excellent |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
11,235 SF |
| Property Condition: |
Excellent |
| Year Built: |
1990 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,045 |
70,127 |
167,637 |
| Median Age: |
33.19 |
34.89 |
34.11 |
| Households: |
2,812 |
29,914 |
68,224 |
|
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