307 - 319 E Michigan Avenue, Paw Paw, MI 49079

$1,918,750
Property Type: Commercial Sale Square Footage: 33,290 Lot Size (sq. ft.): 100,188 Status: Sold
Current Price: $1,918,750 List Date: 3/05/2019 Last Modified: 9/26/2021

Overview

Description

The Save-A-Lot anchored Paw Paw Plaza. Excellent location in the downtown area on E. Michigan Avenue. All long term tenants on NNN leases. Dollar Tree just leased and is currently doing a build out. Priced at 9% CAP.

Listing Details MLS# 19007818

Location Property Info

County
Van Buren
Street #
307
Street Direction
E
Street Name
Michigan
Suffix
Avenue
State
MI
Zip Code
49079

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
2.3
Lot Square Footage
100188
Lot Dimensions
irr
Year Built
1977
Road Frontage
1203
Total # Units
5
# Fin Bldg Lvls
Yes
# of Diff Unit Floor Plans
5
Total # Bldgs
2
Total SqFt
33290
Property Use Type
Net Leased (nnn)
Full Baths
8
Waterfront
No
School District
Paw Paw

Tax Info

Tax ID #
Multiple
Taxable Value
707075
SEV
722200
For Tax Year
16
Seller's Annual Property Tax
47811
Tax Year
16
Spec Assessment & Type
None known.
Non-Conforming Use
No
Zoning
com.

Remarks Misc

Directions
From downtown Paw Paw take E Michigan West to property. on left.

Status Change Info

Under Contract Date
2019-07-13
Sold Date
2019-10-11
Sold Price/SqFt
57.64

More Information

Additional Details

# Loading Docks/Well
Yes
Total Parking Spaces
100

Unit 1

Unit Description
Save-A-Lot
SqFt
17250
Occupied
Yes
# Baths
2

Unit 2

Unit Description
Goodwill
SqFt
5540
Occupied
Yes
# Baths
2

Unit 3

Unit Description
Little Caesars
SqFt
1625
Occupied
Yes
# Baths
Yes

Unit 4

Unit Description
Artsy Ally
SqFt
1200
Occupied
Yes
# Baths
Yes

Unit 5

Unit Description
Dollar Tree
SqFt
7680
Occupied
Yes
# Baths
2

Property Features

Property Use: Investment; Net Leased (nnn) Uses: Bar/Tavern/Lounge; Professional Service; Restaurant; Retail Ownership: Partnership Business Includes: Real Estate Construction Type: Block Exterior Material: Block Roofing: Metal; Rubber Below Grade: None Additional Features: Barrier Free; Bath Common Area Tenant Pays All: Common Area Maintena; Electric; Gas; Janitorial; Prop Taxes/Assess; Sewer; Trash; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs Req Conf Agrmnt: Leases; Site Plan Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5 Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 2: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 3: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 4: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 5: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Possession: Close Of Escrow
IDX
Listing Office: West Michigan, REALTORS
Listing Agent: Nate Brussee
Source MLS Verified
Last Updated: September - 26 - 2021
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.