coldwell banker commercial woodland schmidt...demographics 1960 mall pl benton harbor, mi 49022...
TRANSCRIPT
WOODLAND SCHMIDT
COLDWELL BANKER
COMMERCIAL
Orchards Park Shopping Center1960 Mall Place
Benton Harbor, MI 49022
WOODLAND SCHMIDT
Property Details/Building Information............................3-4Site Plan/Floor Plan............................................................................5Property Maps............................................................................................6Property Photos......................................................................................7Aerial Photos.........................................................................................8-9Demographics...................................................................................10-14Legal Description.................................................................................15
Contact Information
Table of Contents
Mike NagelkirkREALTOR®
O: 616-396-8649D: 616-355-6304F: 616-396-8030mikenagelkirk@gmailcom
456 EAST SIXTEENTH STREET I HOLLAND, MI 49423
WWW.CBGREATLAKESCOMMERCIAL.COM
WWW.CBGREATLAKESCOMMERCIAL.COM
456 East 16th StreetHolland, MI 49423
616.396.8649 Fax: 616.396.8030
131 Seaway DriveMuskegon, MI 49444
231.799.9400 Fax: 231.799.9448
506 S. Beacon Blvd. Grand Haven, MI 49417
616.844.1100Fax: 616.844.9000
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Property DetailsDescription: The property commonly known as Orchards Park Shopping Center,
an unanchored strip shopping center consisting of two buildings totaling 32,488 Sq Ft, of which 11,200 Sq Ft is a new expansion. The improvements are situated on a 3.3 acres +/- or 145,630 Sq Ft out-parcel of Orchards Mall, an enclosed 399,000 Sq Ft regional shopping center in B-neighboring retailers including Meijers, Lowe’s and Orchards Mall.
Use: Retail (currently 9 store fronts and 6 new store front additions)
Building Size: 32,488 Square Feet
Year Built: 2004/2017
Parking: 194
Stories: 1
3
Space Available: 12,800
HVAC: Roof-Mounted
Foundation: Poured, reinforced concrete strip foundation and footings
Structural System: Concrete
Exterior Walls: Decorative BrickRoof: Built-up, rubber membrane/steel
Windows & Doors: The tenant spaces have glass storefront windows fixed in aluminum frames
Access: Primary entrance drive, which leads to the front or western side of the property
Municipality: Benton Charter Township, MI
Zoning: D-1 Commercial/Retail
Tenant Mix: •Secretary of State •Advansure Insurance •Approved Cash Advance •Vacant •Wild Birds Unlimited •Sprint •Wings, Etc. •Arcadia Health •Travel Leaders
Terms of Lease: $12.00/Sq Ft NNN
Est NNN Charge: $4.00/Sq Ft Utilities, separate meters, CAM Charges, Real Estate Taxes
0
Suite Information:
Suite# Sq Footage Tenant 1960-1964 4,581 +/- Secretary of State
1966 1,600 +/- Advansure Insurance
1968 1,800 +/- Approved Cash Advance
1970 1,600 +/- Vacant
1972 1,600 +/- Wild Birds Unlimited
1974-1976 3,120 +/- Sprint (Rivertown Comm)
:
Additional Property Information
4
1948 4,000 +/- Wings, Etc.
1956 1,120 +/- Arcadia Health
1958 1,296 +/- Travel Leaders
1978 1,600 +/- Vacant
1980 1,600 +/- Vacant
1982 1,600 +/- Vacant1984-1986 3,200 +/- Vacant
1988 1,600 +/- Vacant
1990 1,600 +/- Vacant
Site Plan & Floor plan
NEW CONCRETESIDE WALK
13' -
0"
22223424
18
21
1416
PROPOSED BUILDINGADDITION
MAL
LPL
ACE
FAIRPLAINDRIVE
TRASH
MAINT.BLDG.
T.X.
T.X.
EXISTINGBUILDING
EXISTINGBUILDING
TRANS.
TRASH
PROPOSED NEW BUILDING
OVERALL SITE PLAN
5
STREET MAP
WEST MICHIGAN MICHIGAN
Property Maps
6
Property Photos
BRICK VENEERPRE-FAB ALUM FRAMECANOPY
ALUM. PANEL ALUM. PANEL
PREFAB FIBER GLASSCAP. PAINT AS REQ
ALUMINUM CAP
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BRICK VENEERPRE-FAB ALUM FRAMECANOPY
ALUM. PANEL ALUM. PANEL
PREFAB FIBER GLASSCAP. PAINT AS REQ
ALUMINUM CAP
Addition Existing
Addition
Aerial Photos
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Building B
Building A
Aerial Photos
PROPOSED NEW
BUILDING
PROPOSED BUILDING ADDITION
NEW CONCRETE
SIDEWALK
rash
MAINT BLDG TRASH
2114
16
24
34 22 22
PROPOSED NEW
BUILDING
PROPOSED BUILDING ADDITION
NEW CONCRETE
SIDEWALK
rash
MAINT BLDG TRASH
2114
16
24
34 22 22
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Demographics
1960 Mall PlBenton Harbor, MI 49022
Population 1-mi. 3-mi. 5-mi.Total Population 2,497 29,334 51,289Group Quarters Population 7 485 1,210Urban Population 2,406 27,750 47,130Rural Population 91 1,584 4,159Adult Population 1,935 21,212 38,727Ratio of Males to Females 0.85 0.9 0.92Female Population 1,350 15,442 26,666Male Population 1,147 13,891 24,623Land Area (Square Miles) 3.35 33.72 73.5
Age 1-mi. 3-mi. 5-mi.Median Age, Total 40.4 36.23 39.51Median Age, Male 35.52 34.56 37.68Median Age, Female 44.57 37.72 41.18% Age 18+ 77.46% 72.31% 75.51%% Age 21+ 73.7% 68.24% 71.74%% Age 55+ 31.15% 27.13% 29.99%% Age 65+ 18.1% 14.53% 16.54%
Ethnicity 1-mi. 3-mi. 5-mi.% White 38.95% 39.65% 57.73%% Black/African American 54.65% 54.24% 35.7%% American Indian / Alaska Native 0.37% 0.41% 0.37%% Asian 0.95% 1.07% 1.96%% Native Hawaiian / Other Pacific Islander 0% 0.02% 0.02% 10
Demographics
% Other 1.95% 2.06% 1.84%% Two or More Races 3.12% 2.55% 2.39%
5 Year Projections 1-mi. 3-mi. 5-mi.Total Population 2,458 28,923 51,052Group Quarters Population 7 485 1,210Adult Population 1,882 21,084 38,939Total Households 1,212 11,366 20,611Per Capita Income (based on Total Population) 21,974 22,366 28,157Total Population 16+ 1,945 21,918 40,333
5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.% White 37.54% 39.52% 57.56%% Black/African American 55.37% 53.73% 35.15%% American Indian / Alaska Native 0.38% 0.41% 0.37%% Asian 1.05% 1.23% 2.22%% Native Hawaiian / Other Pacific Islander 0% 0.02% 0.02%% Other 2.15% 2.23% 1.99%% Two or More 3.51% 2.86% 2.69%
Housing & Households 1-mi. 3-mi. 5-mi.Total Housing Units 1,367 13,238 23,714Total Households 1,223 11,453 20,579Owner-Occupied: Owned with a mortgage or loan 368 4,146 8,224Owner-Occupied: Owned free and clear 184 2,374 4,721Renter-Occupied 670 4,932 7,635Aggregate Contract Rent $296,743 $2,073,792 $3,762,657Average (Mean) Number of Vehicles Available 1.6 1.7 1.77
Housing Value 1-mi. 3-mi. 5-mi.Housing Value < $10,000 8 132 226Housing Value $10,000-$14,999 8 119 213Housing Value $15,000-$19,999 0 94 229Housing Value $20,000-$24,999 2 112 190Housing Value $25,000-$29,999 11 109 148Housing Value $30,000-$34,999 17 177 218Housing Value $35,000-$39,999 17 138 204Housing Value $40,000-$49,999 27 258 372Housing Value $50,000-$59,999 61 398 546Housing Value $60,000-$69,999 58 310 453Housing Value $70,000-$79,999 63 389 525Housing Value $80,000-$89,999 49 364 581Housing Value $90,000-$99,999 56 380 606
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Demographics
Housing Value $100,000-$124,999 73 891 1,477Housing Value $125,000-$149,999 39 766 1,553Housing Value $150,000-$174,999 14 484 1,328Housing Value $175,000-$199,999 8 277 863Housing Value $200,000-$249,999 12 355 1,108Housing Value $250,000-$299,999 6 295 695Housing Value $300,000-$399,999 17 248 645Housing Value $400,000-$499,999 1 112 333Housing Value $500,000-$749,999 1 86 247Housing Value $750,000-$999,999 0 14 100Housing Value $1,000,000 or more 5 13 86Total Owner-occupied housing units (OOHU) 553 6,520 12,945
Income 1-mi. 3-mi. 5-mi.Per Capita Income (based on Total Population) $17,617 $17,787 $22,260Average (Mean) Household Income $38,384 $48,338 $59,265Median Household Income $27,552 $31,906 $41,119Aggregate Income $47,055,853 $560,276,529 $1,235,797,830
% Households by Income 1-mi. 3-mi. 5-mi.% Household Income < $10,000 19.49% 17.96% 13.05%% Household Income $10,000-$14,999 11.08% 9.91% 7.9%% Household Income $15,000-$19,999 8.89% 7.55% 6.36%% Household Income $20,000-$24,999 6.67% 6.85% 6.08%% Household Income $25,000-$29,999 7.55% 5.76% 5.77%% Household Income $30,000-$34,999 6.58% 4.98% 5.13%% Household Income $35,000-$39,999 6.29% 4.72% 4.62%% Household Income $40,000-$44,999 3.14% 4.63% 4.72%% Household Income $45,000-$49,999 3.82% 3.27% 3.43%% Household Income $50,000-$59,999 6.04% 6.41% 7.36%% Household Income $60,000-$74,999 8.09% 8.9% 9.37%% Household Income $75,000-$99,999 5.83% 8.5% 11.11%% Household Income $100,000-$124,999 2.71% 4.84% 6.06%% Household Income $125,000-$149,999 1.54% 1.93% 2.96%% Household Income $150,000-$199,999 2.2% 2.36% 3.68%% Household Income $200,000-$249,999 0.05% 0.57% 1%% Household Income $250,000-$499,999 0.02% 0.57% 0.98%% Household Income $500,000+ 0.02% 0.3% 0.42%
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Demographics
Education 1-mi. 3-mi. 5-mi.College undergraduate 144 1,299 2,453Graduate or prof school 5 155 404
Employment and Occupation 1-mi. 3-mi. 5-mi.Total Civilian employed population aged 16+ 961 10,558 20,258
% Employment by Industry 1-mi. 3-mi. 5-mi.% Armed Forces 0% 0% 0%% Civilian, Employed 90.79% 90.82% 92.96%% Civilian, Unemployed 9.21% 9.18% 7.04%% Not in Labor Force 46.82% 47.32% 45.66%% Agriculture, forestery, fishing/hunting, mining 0.56% 1.71% 1.29%% Construction 2.83% 2.83% 3.47%% Manufacturing 27.44% 21.47% 21.46%% Wholesale trade 1.71% 0.94% 1.29%% Retail trade 20.21% 12.99% 11.87%% Transportation and warehousing and utilities 4.1% 3.89% 4.47%% Information 0.31% 1.47% 1.49%% Finance and ins, real estate, rental and leasing 3.34% 3.66% 3.87%% Professional, sci, mgmt, admin and waste mgmt svcs 5.73% 4.91% 5.67%% Educational svcs, health care and social asst 20.47% 29.31% 28.78%% Arts, entertainmnt, recreation, accom. and food svcs 5.17% 8.72% 8.64%% Other svcs, except public admin 4.67% 4.45% 4.27%% Public admin 3.45% 3.64% 3.42%
Transportation to Work 1-mi. 3-mi. 5-mi.Total Workers 16+ 961 10,558 20,258Car, truck, or van 876 9,744 18,857Public transport (not taxi) 0 100 113Taxicab 0 0 5Motorcycle 0 4 17Bicycle 10 91 140Walked 53 221 351Other means 1 43 95Worked at home 21 353 679
Consumer Expenditures 1-mi. 3-mi. 5-mi.Average Apparel $993.44 $1,186.05 $1,311.18Average Education $729.19 $932.33 $1,004.41Average Entertainment $1,610.39 $1,903.31 $2,163.06Average Food and Beverages $5,525.39 $5,946.17 $6,310Average Gifts $673.44 $781.13 $874.28 13
Demographics
Average Health Care $3,222.95 $3,508.4 $3,962.8Average Household Furnishings and Equipment $1,095.75 $1,256.41 $1,402.58Average Household Operations $750.93 $794.86 $891.3Average Personal Care $437.91 $478.12 $522.83Average Personal Expenditure $472.39 $557.2 $674.27Average Reading $85.59 $98.31 $110.81Average Shelter $6,984.94 $7,642.07 $8,176.24Average Transportation $8,125.46 $9,348.68 $10,298.25Average Utilities $3,259.95 $3,429.24 $3,641.74
Demand by Store Type 1-mi. 3-mi. 5-mi.Motor Vehicle & Parts Dealers $3,462,577 $36,514,507 $71,666,217Furniture & Home Furnishings Stores $319,865 $3,642,715 $7,496,747Electronics & Appliance Stores $286,263 $3,039,881 $6,013,958Building Material & Garden Equipment & Supply Dealers $825,489 $8,791,977 $17,942,332Food & Beverage Stores $3,382,508 $34,079,362 $64,903,820Health & Personal Care Stores $563,863 $5,683,391 $11,156,164Gasoline stations $2,075,201 $21,253,771 $40,150,511Clothing & Clothing Accessories Stores $630,063 $7,086,034 $14,217,948Sporting Goods, Hobby, Book, & Music Stores $288,818 $3,273,816 $6,597,266General Merchandise Stores $2,673,224 $27,785,764 $53,948,503Miscellaneous Store Retailers $301,517 $3,196,035 $6,282,040Nonstore retailers $1,044,509 $11,126,721 $22,223,582Foodservice & Drinking Places $2,467,922 $25,228,326 $48,922,504General Merchandise, Apparel and Accessories, Furniture and Other Sales$4,292,442 $45,833,332 $90,254,601
2015/2016 Demographics provided by Experian through Alteryx
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Legal Description
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COM AT N1/4 PST SEC 32 T4S R18W TH S89DEG21’45”E 1877.8’ TH S16DEG56’05”E 198.92’ TH S09DEG08’45”E 894.92’ TH N89DEG21’45”W 729.00’ TH S34DEG08’18”W 460.00’ TH N89DEG21’45”W 655.13’ TO INT MALL PLACE & RING RD FOR POB TH N87DEG54’27”W 302.11’ TH N30DEG24’40”W 94.86’ TH S 40.03’ TH S30DEG24’40”E 47.43’ TH S 288.3’ TH S30DEG06’54”W 42.23’TO NLY R/W LN FAIRPLAIN DR TH SELY 143.9’ ON A 436’ RAD CUR RT CEN ANG S18DEG54’38”E TH S40DEG29’43”E 75.39’ TH N64DEG47’09”E 45.87’ TH N47DEG48’43”E 45.58’ TH NELY 48.12’ ON A 403.5’ RAD CUR LT CH N31DEG49’23”E 48.09’ TH S63DEG55’39”E 3’ TH N25DEG27’55”E 52.37’ TH N15DEG04’57”E 51.7’ TH N8DEG26’38”E 15.55’ TH ‘ N78DEG07’14”W 0.51’ TH NLY 76.64’ ON A 403.5’ RAD CUR LT CH N6DEG04’47”E 76.52’ TH N0DEG05’16”E 45.56’ TH NWLY 26.09’ ON A 20’ RAD CUR LT CH N35DEG16’23”W 24.28’ TH NWLY 58.24’ ON A 75’ RAD CUR RT CH N50DEG24’04”W 56.78’ TH N1DEG47’50”E 74.89’ TH NELY 59.01’ ON A 75’ RAD CUR RT CH N54DEG17’26”E 57.5’ TH NELY 26.09’ ON A 20’ RAD CUR LT CH N39DEG26’29”E 24.27’ TO POB
WOODLAND SCHMIDT
COLDWELL BANKER
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