1429 1439 Main Street, Fremont, MI 49412 (MLS# 14008555)

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: $1,700,000 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

Last Updated: December - 19 - 2024

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