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

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.

More Information MLS# 19007818

Location Property Info

County: Van Buren Street #: 307 Street Direction: E Street Name: Michigan Suffix: Avenue State: MI Zip Code: 49079 Area: Greater Kalamazoo - K

OfficeContract Info

Status: Sold Current Price: $1,918,750 List Price: $2,250,000 Listing Date: 2019-03-05

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: 1 # 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: $1,918,750 Sold Price/SqFt: 57.64

Additional Details

# Loading Docks/Well: 1 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: 1

Unit 4

Unit Description: Artsy Ally SqFt: 1200 Occupied: Yes # Baths: 1

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

Listing Office: West Michigan, REALTORS

Listing Agent: Nate Brussee

Last Updated: September - 26 - 2021

307 - 319 E Michigan Avenue, Paw Paw, MI 49079- MLS# 19007818

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