Retail Space for Sale - 753 Lincoln Ave

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30268541
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending
Building Size (RSF): 21,379 SF
Gross Land Area: 1.12 Acres
Sale Price: $899,000
Unit Price: $42.05 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/21/2018

Overview / Comments

Excellent opportunity for an owner-occupant to have rental income. 3-unit building for sale. Unit 1 on long-term lease with Dollar General. Unit 2, (2,800 SF), and Unit 3, (10,500 SF), vacant. Excellent traffic counts on the corner of 32nd Street.

Current Tenants

Tenant Business Name Dollar General
Is Renting? Yes
SF of Space Occupied 7,893 SF
Current Rent $5,062 PSF (Annual)

Additional Details

Nearest MSA: Holland
County: Ottawa
Tax ID/APN: 70-16-33-301-016
Zoning: C-2
Property Located Between: 32nd & 24th
Property Visibility: Good
Largest Nearby Street: 32nd Street
Site Description: Property for sale on a highly visible intersection on Holland's south side (former Great Lakes Furniture). Multi-tenant space. Currently, Dollar General is occupying 7,893 SF.
Area Description: Northeast corner of 32nd and Lincoln.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1968
Construction/Siding: Brick
Water Service: Municipal
Sewer Type: Municipal
Legal Description: S 233 FT OF SW 1/4 OF SW 1/4 LYING W OF C&O RR R/W, EXC W 33 FT FOR ST. SEC 33 T5N R15W

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,624 47,329 92,236
Median Age: 36.52 36.65 36.69
Households: 3,780 17,441 33,417
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.