Portage, MI - SHAVER ROAD PLAZA

Retail-Commercial for Sale
Catylist Listing ID: 30399765
Property Subtypes: Day Care Facility, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 15,130 SF
Gross Building Area: 15,428 SF
Gross Land Area: 2.18 Acres
Sale Price: $795,000
Unit Price: $52.54 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Shaver Road Plaza
Usable Size (USF): 15,130 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/5/2019

Overview / Comments

Shaver Road Plaza is an ideal investment opportunity for an OWNER/USER. Mostly due to the upside potential. The vacant suites are approx 1,500 sf and two (2) are approx. 3,000 sf. An OWNER/USER will be able to offset his general expenses by the income stream generated by his tenants. If desired, VACANT SUITES CAN BE COMBINED TO A TOTAL OF 9,000 SF!
Shaver Road Plaza is situated at a controlled intersection of Shaver Road and Oakland Drive. It has excellent visibility and safe & easy ingress/egress from Shaver Road and Oakland Drive.
Shaver Road is a natural extension of the ever popular and successful retail corridor Westnedge Avenue and connects with US 131 to the Southwest. There is 600 feet of frontage on Shaver Road and 380 feet on Oakland Drive make this an attractive retail opportunity and location. Shaver Road Plaza is located in an area of growing subdivisions where the Average Household Income is $68,043 within 1 mile of the shopping center.

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Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: Portage
Tax ID/APN: 00032-045-A, 00032-050-B
Zoning: B-3 GENERAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business
Property Located Between: Shaver Road and Oakland Drive
Property Visibility: Excellent
Largest Nearby Street: Shaver Road and Oakland Drive
Feet of Frontage: 600
Highway Access: US-131
Airports: Kalamazoo
Site Description: Shaver Road Plaza stretches from over 600 feet of frontage on Shaver Road and 380 feet on Oakland Drive. The Plaza is a natural extension of the ever popular and successful retail corridor Westnedge Avenue. It features up to 9 retail suites with large, glass storefronts. Suites range from 1,500 sf to 3,130 sf. A large pylon sign draws the attention of passing traffic and easily identifies the tenancy which offers 90+/- parking spaces. This shopping center is located in an area of growing subdivisions. It is zoned B-3, General Business District which allows for broad spectrum of permitted uses - including veterinary hospitals/clinics, office/showrooms, micro-brewers/brew pubs, animal shelters, religious institutions and drive-thru establishments. Capitalize from the large, major retail traffic generators - Meijer and the Super Wal*Mart.
Tenancy: Multiple Tenants
Typical SF / Floor: 1,500 SF
Property Condition: Excellent
Total Parking Spaces: 90
Parking Type: Surface
Parking Description: Adequate
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: B-3 General Business District
Lot Frontage: 600
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,078 25,698 63,820
Median Age: 42.15 40.85 38.83
Households: 1,636 10,372 25,723
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.