Retail Space / Michigan / Sparta / 49345 / 400 South State Street

400 South State Street

Q: What is the asking price for 400 South State Street in Sparta?

The asking price for 400 South State Street is $1,500,000

Q: What is the building size of this Retail property in Sparta, MI?

The size of the building/unit at 400 South State Street in Sparta is 16,095 square feet.

Q: How much land does the Sparta, MI property at 400 South State Street include?

400 South State Street in Sparta includes 3.640 acres of land.

Q: What kind of Retail is the propery at 400 South State Street?

The property at 400 South State Street Sparta, MI 49345 is listed as a Free Standing Building Retail property.

Q: What is the population within 1 mile of 400 South State Street?

The population within 1 mile of 400 South State Street Sparta, MI 49345 is 3,339 people.

Q: Who do I contact for questions about 400 South State Street?

You should contact the listing agent, Joe Rizqallah, for any details regarding this commercial listing.

Sparta, MI 49345

Listing ID: 226349

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400 South State Street Sparta, MI 49345 | for Sale | Photo 1

Building Size: 16,095 SF

Lot Size: 3.640 AC

Land Size: 158,558 SF

Building $/SF: $93.20

Land $/SF: $9.46

Price

$1,500,000

Description

First time on the market in Sparta, MI. Great opportunity for an income producing property, live/work opportunity, redevelopment opportunity and business opportunity! The retail portion on State Street includes a long-standing ice cream shop, with home attached to the retail. The home currently rents at $1325 per month for the entire home. Price factors real estate and business value. Sparta Tasty Treat has been a long-standing staple for over 20+ years. The residential portion is a 15 unit Apartment complex with long-standing tenants, with average rents at $452.00 per unit. Rents well below market; each unit pays for their own utilities except for trash and snow. For more information, please reach out to Joe Rizqallah. Please DO NOT APPROACH EMPLOYEES OR RESIDENTIAL TENANTS. ALL SHOWINGS MUST BE THROUGH JOE RIZQALLAH. Properties could be split: 400 S State can be sold for $700,000.00. 399 S Union can be sold for $800,000.00 separately.

Attachments & Files

anonymousreport2021-04-30123206443-oS9-9yt.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Grand Rapids History of Retail Space for Sale

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Listing Demographics for 400 South State Street Sparta, MI 49345

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		3,339	9,673	19,094
Population Median Age		37	38	39
Population by Age	0-9 Yrs	419 (12%)	1375 (14%)	2632 (13%)
	10-19 Yrs	471 (14%)	1319 (13%)	2518 (13%)
	20-29 Yrs	532 (15%)	1179 (12%)	2051 (10%)
	30-39 Yrs	466 (13%)	1240 (12%)	2457 (12%)
	40-49 Yrs	359 (10%)	1059 (10%)	2209 (11%)
	50-59 Yrs	429 (12%)	1550 (16%)	3169 (16%)
	60-69 Yrs	383 (11%)	1060 (10%)	2278 (11%)
	70+ Yrs	279 (8%)	891 (9%)	1779 (9%)

Median HH Income		$50,537	$59,587	$66,375
Total Household Income	< 24K	284 (23%)	616 (18%)	1067 (15%)
	25-49K	319 (26%)	841 (24%)	1513 (22%)
	50-74K	261 (21%)	724 (21%)	1269 (18%)
	75-99K	147 (12%)	505 (14%)	1087 (16%)
	100-199K	177 (14%)	598 (17%)	1527 (22%)
	200K+	31 (2%)	92 (2%)	240 (3%)

Highest Education Level	No Diploma	190	720	1309
	Diploma or GED	905	2446	4457
	Some College	488	1374	2954
	Assoc. Degree	261	647	1260
	Bachelors Degree	242	853	2055
	Higher Degree	133	395	987

Total Housing Units		1,300	3,587	7,072
--Owner-Occupied		790	2,615	5,606
--Renter-Occupied		428	761	1,099
Owner-Occupied Values	< 100K	208	635	1100
	100-199K	491	1285	2322
	200-299K	72	445	1324
	300-399K	17	185	631
	400-499K	2	38	140
	500K+	1	27	88

Total Working Age Population		2,679	7,564	15,104
In Work Force		1,818	4,943	10,029
Not In Work Force		861	2,621	5,074
Workforce Employed		1,730	4,755	9,681
Workforce Unemployed		87	188	348
Civlian Workforce		1,818	4,943	10,029
Military Workforce		0	0	0

Total Households		1,218	3,376	6,704
Family Households		861	2,512	5,098
Non-Family Households		357	864	1,606
Married Couple		564	1,854	4,139
Other Family		297	658	959
Married w/Child		206	716	1,606
Single Male w/Child		57	107	158
Single Female w/Child		86	186	271

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Kent County	574,335	+5	602,622	+11	668,535	+12	746,921
Muskegon County	170,200	+1	172,188	+2	175,323	+4	182,278
Ottawa County	238,314	+11	263,801	+12	295,791	+12	331,723

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 400 South State Street in Sparta?

The asking price for 400 South State Street is $1,500,000

What is the building size of this Retail property in Sparta, MI?

The size of the building/unit at 400 South State Street in Sparta is 16,095 square feet

How much land does the Sparta, MI property at 400 South State Street include?

400 South State Street in Sparta includes 3.640 acres of land

What kind of Retail is the propery at 400 South State Street?

The property at 400 South State Street Sparta, MI 49345 is listed as a Free Standing Building Retail property

What is the population within 1 mile of 400 South State Street in Sparta?

The population within 1 mile of 400 South State Street Sparta, MI 49345 is 3,339 people.

Who do I contact for questions about 400 South State Street?

You should contact the listing agent, Joe Rizqallah, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
MBS International Airport (MBS)	86
South Bend Regional Airport (SBN)	105
General Mitchell International Airport (MKE)	111