820 Jordan Lake Ave - Freestanding FOR SALE


Lake Odessa, MI 48849
$1,264,956 USD
616-327-2800
820 Jordan Lake Ave, Lake Odessa, MI for Sale
$1,264,956 USD
Freestanding - FOR SALE
1/5
null | 7% Cap Rate

820 Jordan Lake Ave
Lake Odessa, MI 48849


OVERVIEW

This property is located just east of downtown Lake Odessa, Michigan on the main road in and out of town. The building is currently a two tenant, 13,200 SF building with Family Dollar and Marco’s Pizza as the tenants. Family Dollar occupies 9,600 SF and has been in the building since 2002. They originally had 7,500 SF and have expanded and upgraded the store to 9,600 SF. The current lease goes out until June 30th, 2027, and they have five 5-year extensions. Marco’s Pizza occupies 2,100 SF and has been in the building since 2007. The landlord is currently working on extending the term of the lease for Marco’s.

FOR SALE DETAILS

PRICE

$1,264,956 USD

PRICE/SF

$96 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

-

APN/PARCEL ID

101-060-000-075-00

ASK ABOUT THIS PROPERTY

Michael MurrayAdvantage Commercial Real Estate Services LLCMore Info
616-327-2800

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Michael MurrayAdvantage Commercial Real Estate Services LLCMore Info
616-327-2800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.