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4233 Kalamazoo Ave SE
Grand Rapids, MI 49508
Retail Property For Sale
EXECUTIVE SUMMARY
• 8,640 SF Investment Sale 100% Leased to Family Dollar
• Infill Grand Rapids, Michigan Location (49th largest in US)
• New 5 Year Extension with Rent Increase
• Over 240,000 People within 5 Miles
• Top 71% of Family Dollars (Placer.ai)
• Outlot to 120,000 Square Foot Shopping Center
• Five 5-Year Options Remaining
• 10% Increases at Each Option
• Infill Grand Rapids, Michigan Location (49th largest in US)
• New 5 Year Extension with Rent Increase
• Over 240,000 People within 5 Miles
• Top 71% of Family Dollars (Placer.ai)
• Outlot to 120,000 Square Foot Shopping Center
• Five 5-Year Options Remaining
• 10% Increases at Each Option
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,640 SF
Building Class
C
Year Built
1996
Price
$1,408,000
Price Per SF
$162.96
Cap Rate
7.75%
NOI
$109,111
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.67 AC
Zoning
MUC - Mixed Use Commercial
Parking
60 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
106’ on Kalamazoo Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 41-18-20-479-049 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $664,500 |
PROPERTY TAXES
Parcel Number
41-18-20-479-049
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$664,500
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