1429 1439 Main Street, Fremont, MI 49412

$1,700,000
Property Type: Commercial Sale Square Footage: 41,784 Lot Size (sq. ft.): 443,876 Status: Sold
Current Price: $2,200,000 List Date: 2/26/2014 Last Modified: 12/19/2024

Overview

Description

#2156 100% leased investment opportunity. Nearly 42,000 sf net lease to Dunham Sports, Peebles, Glik's and Continental Rental. Major tenants renewals to 2027 and 2033. Solid cash flow with upside potential offering two pad sites (.5 & 1.4 acres) for lease build-to-suit or sale. Conveniently located in the Fremont business retail business district. Avg. HH income $70,324 (1 Mile), $68,166 (3 Miles) and $65,092 (5 Miles). Financial information provided upon receipt of signed confidentiality agreement. Call/email listing agent.

Listing Details MLS# 14008555

Location Property Info

County
Newaygo
Street #
1429
Street Name
Main
Suffix
Street
State
MI
Zip Code
49412

General Property Info

Lot Measurement
Acres
Lot Acres
10.19
Lot Square Footage
443876
Lot Dimensions
220' x 900' x 715' IRREG.
Year Built
1974
Road Frontage
220
Listing Number Display
14008555
Year Remodeled
1988
Total # Units
4
Total # Bldgs
2
Total SqFt
41784
Total Net SqFt
41784
Waterfront
No
School District
Fremont

Tax Info

Tax ID #
621334300040
Taxable Value
670900
SEV
670900
For Tax Year
2014
Seller's Annual Property Tax
40527
Tax Year
2013
Spec Assessment & Type
None known
Non-Conforming Use
No
Zoning
Neighborhood Sh

Remarks Misc

Directions
W. Main St (48th St., also known as M-82), between DeWitt and Market Avenues (north side)

Status Change Info

Under Contract Date
2014-06-11
Sold Date
2014-06-19
Sold Price/SqFt
40.69

More Information

Income and Expenses

Gross Op Income ($)
376000

Location & Property Info

Modifier
1439
Cross Streets
DeWitt & Market Avenues
Property Sub-Type
Retail
Area
West Central - W
Municipality
Fremont

Office/Contract Info

List Price/SqFt
52.65
Prop Avail for Lease?
No
Current Bldg Use
retail

Remarks & Misc

Legal
LEGAL IN OFFICE

Street Type

Paved
Yes
Public
Yes

SqFt Information

Security System
Yes

Utilities Attached

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Retail
Yes
Other
Yes

Construction Type

Block
Yes

Exterior Material

Block
Yes
Brick
Yes
Stone
Yes

Roofing

Rubber
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Ownership

LLC
Yes

Below Grade

None
Yes

Heat Type

Forced Air
Yes

Air Conditioning

Central Air
Yes

Docs at List Office

Aerial Photo
Yes
Survey
Yes
Other
Yes

Business Includes

Real Estate
Yes

Additional Features

Barrier Free
Yes
Clearspan
Yes
Expandable
Yes
Fire Sprinkler
Yes
Multi User Facility
Yes
Util Sep Mt
Yes

Util Avail at St

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes

Tenant Pays All

Building Insurance
Yes
Common Area Maintena
Yes
Electric
Yes
Gas
Yes
Janitorial
Yes
Management Fee
Yes
Prop Taxes/Assess
Yes
Sewer
Yes
Trash
Yes
Water
Yes

Driveway

Paved
Yes

Docs Req Conf Agrmnt

Demographics
Yes
Financials
Yes
Leases
Yes
Rent Roll
Yes
Site Plan
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes
Tax Def Exchange
Yes

Property Features

SqFt Information: Security System Uses: Retail; Other Ownership: LLC Business Includes: Real Estate Construction Type: Block Exterior Material: Block; Brick; Stone Roofing: Rubber Below Grade: None Additional Features: Barrier Free; Clearspan; Expandable; Fire Sprinkler; Multi User Facility; Util Sep Mt Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional; Tax Def Exchange Docs at List Office: Aerial Photo; Survey; Other Docs Req Conf Agrmnt: Demographics; Financials; Leases; Rent Roll; Site Plan Sale Conditions: None
Listing Office: Coldwell Banker Woodland Schmidt Commercial
Listing Agent: Michael Nagelkirk
IDX
Last Updated: December - 19 - 2024
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.