9818 Cherry Valley Ave SE - Storefront Retail/Office FOR SALE


Caledonia, MI 49316
$1,695,000 USD
616-813-0572
9818 Cherry Valley Ave SE, Caledonia, MI for Sale
$1,695,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 9.79% Cap Rate

9818 Cherry Valley Ave SE
Caledonia, MI 49316


OVERVIEW

EXCELLENT VISIBILITY EXCEPTIONALLY MAINTAINED FULLY LEASED LOTS OF BUILDING UPGRADES AMPLE PARKING NAI Wisinski of West Michigan is pleased to offer 9818 Cherry Valley Ave SE, a retail/office investment opportunity, to the market for purchase. The property is being offered to the market at $1,695,000.00 with an NOI of $165,869. Built in 1957, the building is located in an area zoned C2. This 23,040 SF retail/office building is located on two acres in Caledonia, only four miles south of M-6 in a popular Caledonia location. This property offers on site parking with over 100 parking spaces. In 2019, major roof updates were made (Weather Shield Roofing). There are 3 HVAC units: north, south, and west (services restaurant only) maintained by Siemens. The long-time property maintenance staff is willing to continue on as-needed basis for new buyer.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

9.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

CROSS STREETS

100th Street and Cherry Valley Ave.

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C2 GENERAL BUSINESS

APN/PARCEL ID

41-23-28-351-006

ASK ABOUT THIS PROPERTY

Rod AlderinkNAI Wisinski of West MichiganMore Info
616-813-0572

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Rod AlderinkNAI Wisinski of West MichiganMore Info
616-813-0572

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