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BUILDING For Sale 111 East Main Avenue Zeeland, MI 49464 TOM POSTMA DIR 616 355 3145 MOB 616 283 2411 [email protected] COLLIERS INTERNATIONAL 44 East 8th Street, Suite 510 Holland, MI 49423 +1 616 394 4500 www.colliers.com

BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

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Page 1: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

BUILDING

For Sale

111 East Main AvenueZeeland, MI 49464

TOM POSTMADIR 616 355 3145MOB 616 283 [email protected]

COLLIERS INTERNATIONAL44 East 8th Street, Suite 510Holland, MI 49423+1 616 394 4500www.colliers.com

Page 2: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

111 East Main Avenue, Zeeland, MI

p.2

Sale Information

Sale Price: $392,000

Sale Price/SF: $86.92

Building SF: 4,510

Possession: At Close

Terms: Cash/Conventional

Assessed Value (2018): $73,600

Taxable Value (2018): $69,079

Taxing Authority: City of Zeeland

Building downtown Zeeland for sale. Current restaurant tenant is Fuzzy Peach and there are currently tenants renting the apartment on the 2nd floor.

Page 3: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

p.3

General Building Information

Total Building SF: 4,510

Residential SF: 2,100

Retail SF: 2,410

Parcel Number: 70-17-18-357-023

Acreage|Lot Size: 0.057

Lot Dimensions: 20 x 125

Frontage: 20

Year Built: 1910

Levels: 2

Zoning: Neigborhood Shopping District C-1

Taxing Authority: City of Zeeland

Basement: Small basement storage (approx. 500 SF).

* Listing agent must be present at showing with 24 hour notice

* Apartment cannot be seen until accepted offer subject to walk through of apartments.

Rent:Main floor - $830 per month plus utilities

1 bedroom apartment - $750 per month through May 31, 2019

2 bedroom apartment - $1,300 per month through October 31,

2019

Fuzzy Peach lease: runs through 12/31/19. They have 1-3 year

option to renew with a 2% annual increase.

Page 4: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

111 East Main Avenue, Zeeland, MI

N

10.09.13EXISTING DW

GS

111 MAIN AVE

X:\074001-13_111 MAIN\PLAN.DW

G

A101

MAIN FLOOR

074001-13

EXISTING BLDG10/9/2013

SHEET:

DATEFOR

CONTENT:

ISSUED:

CLIENT:

PROJECT:

N

FLOO

R P

LAN

p.4

Building Plan

Page 5: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

p.5

1 Bed Apartment: Photos

Bedroom Bath Living Room

KitchenLiving room area next to Kitchen

Page 6: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

111 East Main Avenue, Zeeland, MI

p.6

2 Bed Apartment: Photos

Master Bedroom Living Room

Kitchen 2nd Bedroom

Page 7: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

p.7

Closet & Access to Bathroom Closet Spot for Desk

Bedroom Bathroom

2 Bed Apartment: Master Room Photos

Hallway to Kitchen & Bedroom

Page 8: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

111 East Main Avenue, Zeeland, MI

p.8

Location Maps

Directions to Property: West on I-196, take exit 55 towards Zeeland, continue on Main Avenue, the building is located Downtown Zeeland between N

Church St. and N Elm St.

Building Location: Downtown Zeeland

Proximity To: US-131: 23 miles I-96: 27 miles M-6: 12 miles I-196: 4 miles

Grand Rapids Airport: 30 miles

Visit this website to find out more about the area:http://cityofzeeland.com/329/Feel-the-Zeel

Page 9: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

E Main AveE Main Ave

E Cherry StE Cherry St

E Washington AveE Washington Ave

N Elm St

S Elm St

N Church St

N State StS State St

N Centennial St

111 East Main Ave

p.9

Aerial Map

Page 10: BUILDING For Saleimages1.loopnet.com/d2/kl_ZcWpkpQ7I2oufEz-DwqRkMwJ... · Terms:Cash/Conventional Assessed Value (2018): $73,600 Taxable Value (2018): $69,079 Taxing Authority: City

p.10

E Riley St

N State St

E Washington Ave

N Fairview St

E Central Ave

E Lincoln Ave

W M

ain Ave

E Roosevelt Ave

E Main Ave

S State St

84th Ave

96th Ave

S Taft St

W H

uizenga Ave

S Park St

N Centennial St

S Wall St

W C

entral Ave

S Maple St

W W

ashington Ave

Parkside Dr

W A

lice Ave

N Jefferson St

WB

I-196 Business

S Division St

E Rich A

ve

N Elm St

EB I-196 B

usiness

W R

oyal Park Dr

S Elm St

S Sanford St

S 101st St

S Pine St

S Fairview St

N Colonial St

N Ottawa St

Cooperation D

r

S Lee St

W R

oosevelt Ave

W M

cKinley Ave

W G

ordon Ave

S Church St

N Michigan St

Perry St

N Woodward St

E Cherry A

ve

S Peck St

S 100th St

S Jefferson St

S Centennial St

Park Ln

W G

arfield Ave

E Harrison A

ve

W C

herry Ave

Case Karsten Dr

W O

ak St

N Carlton St

Arbor Ave

Scott Dr

Madison C

t

E Garfield A

ve

S Lindy St

W Law

rence Ave

Paw Paw Dr

SZeeland

Pkwy

Interlaken Ct

E Plainfield Ct

N Maple St

W W

illiams St

3r dC

restwood

St

S Goodrich St

N Church St

W A

lpine Ave

Sewer Plant Rd

Innovation Dr

S Woodlawn St

W M

adison Ave

S 103rd St

N Franklin St

Princeton Ct

E McK

inley Ave

104th Ave

S Woodlawn Ct

W Valley D

r

Molen Dr

6th Crestw

ood StW

Hillview

Dr

7t hC

restwoo d

St

Cherry C

t

N Division St

New Castle Dr

1stCrestwood

St

E Plainfield Ave

Sycamore Ln

King

Ct

Allied Ct

Mulder Dr

W R

oyal Ct

S Westenbroek St

Brickyard Ln

William

Ct

S Winterhalder Dr

2ndCrestwoodSt

Centerstone Ct

Riverbend Ct

5th Crestwood St

8th Crestw

ood St

Majestic C

t

92nd Ave

N Church St

S 101st St

S Jefferson St

N Colonial St

W Law

rence Ave

E Main Ave

S 100th St

N Centennial St

Perry St

96th Ave

W G

arfield Ave

W Law

rence Ave

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134

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City of Zeeland

1 inch = 350 feet

01,100

2,2003,300

4,400550

Feet

Zoning M

ap

© Copyright 2006, O

ttawa County

This map has been developed through the

Ottaw

a County Geographic Inform

ation Systemand as such is the property of O

ttawa County.

Any duplication is restricted under the Copyright

laws, the O

ttawa County Policy on Enhanced

Access to Public Records and A

ct 462 of thePublic A

cts of 1996, as amended.

GIS

Ottaw

a County IT12220 Fillm

ore St, Ste 320W

est Olive, M

I 49460

Phone (616)-738-4600Fax (616)-738-4610http://gis.m

iottawa.org

Zeeland Township

Holland Tow

nship

Holland Tow

nship

Zeeland Township

W M

ain Ave

E Washington Ave

E Main Ave

W W

ashington Ave

N Elm St

N State St

W M

cKinley Ave

N Jefferson St

E Cherry A

ve

N Centennial St

E Harrison A

ve

W C

herry Ave

S Lee St

S Taft St

N Carlton St

S Pine St

S Elm St

S State St

S Lindy St

S Park St

S Wall St

N Maple StS Maple St

N Colonial St

N Church St

W A

lpine Ave

S Jefferson St

S Church St

N Franklin St

E McK

inley Ave

S Sanford St

S Division St

S Centennial St

Cherry C

t

N Division St

N Ottawa St

Sycamore Ln

N Michigan St

N Woodward St

SW

interhalderDr

N Colonial St

E Main Ave

N Church St

300

127

398

400

480

399

397

471

105

460

455

470

479

126

100

458

102 357

101201

481

351

456

355

353

356

354

459

128

352

130

203

457

478

131

226

103132

227

202

454

477

228

476

461

S State St

EB I-196 B

usinessW

B I-196 B

usiness

3rdC

r estwood

St

Sewer Plant Rd

6th Crestw

ood St

2ndCrestwoodSt

280

296

151

400

200

290

Alcohol D

istrictO

n Prem

ises

On and O

ff Premises

Path: S:\Local_Unit_Projects\Z

eeland City\Z

oning\zcZoningW

ithAlcohol36x48_outsidezoning_03092015.m

xd

LegendRight of W

ayZoningZoning C

lass and Code

Agricultural (A-1)

Central B

usiness District (C

-2)

Highw

ay Com

mercial D

istrict (C-3)

Industrial (I-1)

Industrial (I-2)

Neighborhood S

hopping District (C

-1)

Office/P

ersonal Service (O

S-1)

Public Facilities District (P

F)

Single Family R

esidential (R-1)

Single and Two Fam

ily Residential (R

-2)

Two Fam

ily and Multiple Fam

ily Residential (R

-3)

Washington Avenue M

ixed-Use (W

MU

)D

ate: 01/07/2015

Zoning Map

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Zoning Information

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COLLIERS INTERNATIONAL44 East 8th Street, Suite 510Holland, MI 49423+1 616 394 4500www.colliers.com

West Michigan Overview

West Michigan is home to over 1.5 million people and encompasses the seven counties of Kent, Ottawa, Muskegon, Allegan, Ionia, Barry, and Newaygo. Throughout history, the area has been known primarily for its diverse manufacturing base and highly skilled labor. As the area progresses into the 21st century, health care has emerged as the major economic driver. The region is also known for a burgeoning food and beverage industry, as well as cultural events such as ArtPrize, which every year attracts artists and art fans from all over the world.

Within the past few years, over $1.25 billion has been invested in real estate in the downtown Grand Rapids area alone. Some of the major corporations in West Michigan include Spectrum Health, Meijer, Mercy Health, Amway, Gentex, and Perrigo. In fact, more than 130 international companies call West Michigan home. The largest institute of higher learning is Grand Valley State University, with more than 25,000 students and 3,000 employees.

The lower-than-average cost of living, close proximity to the scenic shores of Lake Michigan, and abundance of amenities create a vibrant and productive environment. Building on its strong traditions of entrepreneurism, innovation, community involvement, family orientation and a famous work ethicWest Michigan is thriving.

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#18 city most likely to prosper in the next decade- Forbes

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This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2016. All rights reserved.

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