5581 S 9th St - Restaurant FOR SALE


Kalamazoo, MI 49009
$1,040,000 USD
269-349-1051
5581 S 9th St, Kalamazoo, MI for Sale
$1,040,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

5581 S 9th St
Kalamazoo, MI 49009


HIGHLIGHTS

  • ½ way between Chicago and Detroit, Exit 72 off Interstate 94, overlooking the freeway EZ ON and OFF Exit ramp
  • $1.05M SALE OR LEASE OPTIONS (Liquor license available for $65K extra) Theocb franchise is Extra!
  • 3 hotels next door, multi-family development behind, community college, 2 new hospitals, athletic club nearby
  • Redevelopment potential; lease option may be available

OVERVIEW

Check out this incredible property and business opportunity in Kalamazoo, Michigan, located at 5581 S. 9th Street, right off Exit 72 on Interstate 94—perfectly situated halfway between Chicago and Detroit. The property features a 9,600-square-foot building on 3.12 acres with 200 parking spaces. Surrounding amenities include three hotels next door, a multi-family development behind the property, a community college down the street, two new hospitals, and an athletic club nearby. The asking price is $1.04 Mil, The last appraisal, completed on July 12, 2021, valued the property at $950,000 before the parking lot and other major updates were added. Theocb is a add on option!

FOR SALE DETAILS

PRICE

$1,040,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The OCB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,907 SF

ZONING

C-4

APN/PARCEL ID

09-02-401-026

ASK ABOUT THIS PROPERTY

Don HammingFLI LLCMore Info
269-349-1051

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Don HammingFLI LLCMore Info
269-349-1051

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.