307 – 319 E Michigan Avenue, Paw Paw, MI 49079 (MLS# 19007818)
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:
$2,250,000
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
- Year Remodeled
- 0
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.
- Homestead %
- 0
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
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 2
- Unit Description
- Goodwill
- SqFt
- 5540
- Occupied
- Yes
- # Baths
- 2
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 3
- Unit Description
- Little Caesars
- SqFt
- 1625
- Occupied
- Yes
- # Baths
- Yes
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 4
- Unit Description
- Artsy Ally
- SqFt
- 1200
- Occupied
- Yes
- # Baths
- Yes
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 5
- Unit Description
- Dollar Tree
- SqFt
- 7680
- Occupied
- Yes
- # Baths
- 2
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Location & Property Info
- Modifier
- - 319
- Cross Streets
- E Michigan / Second St
- Property Sub-Type
- Retail
- Area
- Greater Kalamazoo - K
- Municipality
- Paw Paw Vllg
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 67.59
- Prop Avail for Lease?
- No
- Current Bldg Use
- Retail / service
Remarks & Misc
- Legal
- Office. Multiple.
Street Type
- Paved
- Yes
- Public
- Yes
Property Use
- Investment
- Yes
- Net Leased (nnn)
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Bar/Tavern/Lounge
- Yes
- Professional Service
- Yes
- Restaurant
- Yes
- Retail
- Yes
Construction Type
- Block
- Yes
Exterior Material
- Block
- Yes
Roofing
- Metal
- Yes
- Rubber
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- Partnership
- Yes
Below Grade
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Real Estate
- Yes
Additional Features
- Barrier Free
- Yes
- Bath Common Area
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Storm Sewer
- Yes
Tenant Pays All
- Common Area Maintena
- Yes
- Electric
- Yes
- Gas
- Yes
- Janitorial
- Yes
- Prop Taxes/Assess
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Driveway
- Paved
- Yes
Docs Req Conf Agrmnt
- Leases
- Yes
- Site Plan
- Yes
Send to Econ Dev Org
- MEDC
- Yes
- SWMI First, Region 5
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
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
Listing Office:
West Michigan, REALTORS
Listing Agent:
Nate Brussee
Last Updated: September - 26 - 2021
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