Retail Building For Sale

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30048742
Property Subtypes: Convenience Store, Free-Standing Building, Retail-Pad
Building Size (RSF): 11,235 SF
Gross Land Area: 1.03 Acres
Sale Price: $950,000
Unit Price: $84.56 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Gormans Market
Usable Size (USF): 11,235 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/18/2018

Overview / Comments

This grocery store was built in 1990 and is currently set up with a full service meat counter, deli and coolers.

Price is real estate only. Please inquire for business information.

The location is within in walking distance of the are neighborhoods and has a distinct advantage in that the barrier to entry for a large format grocer is high with little room to build and no distinct commercial development to anchor such a development. This leaves the store as the primary grocery store for this large residential population.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing - Ingham County
Tax ID/APN: 33-01-01-05-401-132
Zoning: F COMMERCIAL
Retail Clientele: General, Family
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,235 SF
Property Condition: Excellent
Year Built: 1990
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,045 70,127 167,637
Median Age: 33.19 34.89 34.11
Households: 2,812 29,914 68,224

Contact

The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.