$525,000
$599,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
8,000 SqFt
SOLD DATE : 04/03/2019
Key Details
Sold Price $525,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $65
MLS Listing ID 66017028824
Sold Date 04/03/19
Originating Board Greater Kalamazoo Association of REALTORS
Year Built 1997
Annual Tax Amount $8,492
Lot Size 2.200 Acres
Acres 2.2
Lot Dimensions Irregular
Property Description
INVESTMENT OPPORTUNITY Approx. 8,000 SF multi-tenanted office/retail building on 2.2-acre parcel in the City of Springfield. Constructed in 1997, and newly renovated in 2017, this highly visible building features 4 office/retail suites, prominent building signage, 55+/- parking spaces and multiple ingress/egress options. List price is based on in-place NOI equating to an 11% Cap Rate, and the property is currently 87% occupied by Meiji Corporation, Trillium Staffing and Edward Jones, with an additional 1,000 SF white-boxed suite available for lease. This site is well located on Dickman Road - between the Battle Creek Air National Guard Base and Fort Custer Industrial Park - and zoned B-3, General Business District, allowing for a variety of uses.
Location
State MI
County Calhoun
Area Springfield
Zoning Other
Direction W. Dickman Road/M-96, between Hill Brady Road and Helmer Road, North.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Roof Type Composition
Road Frontage Paved
Building
Sewer Sewer-Sanitary, Sewer at Street, Storm Drain
Water 3rd Party Unknown, Municipal Water, Water at Street
Structure Type Brick,Frame,Stone,Wood
Schools
School District Battle Creek
Others
Tax ID 5400507202
Acceptable Financing Cash, Conventional, Lease
Rebuilt Year 2017
Listing Terms Cash, Conventional, Lease
Financing Cash,Conventional,Lease
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