806-812 Shoppers Ln - Freestanding FOR SALE


Kalamazoo, MI 49004
$1,999,999 USD
248-631-7422
806-812 Shoppers Ln, Kalamazoo, MI for Sale
$1,999,999 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

806-812 Shoppers Ln
Kalamazoo, MI 49004


HIGHLIGHTS

  • Prime value-add opportunity for an owner/user
  • 29,825 SF value-add retail center • Includes 18,402 SF former grocery store
  • Owner added ˜1,000 SF to grocery store (not reflected in current square footage)
  • Dollar Tree expanded by 4,273 SF in 2023 and extended their lease for 10 years, adding (5) 5-year renewal options
  • Situated on the northwest quadrant of S. Riverview Drive and E. Mosel Avenue, between Commerce Lane and Shoppers Lane in Parchment, MI
  • 111,000+ residents within a 5-mile radius

OVERVIEW

Investment Opportunity • Prime value-add opportunity for an owner/user Tenant & Property Details • 18,402 SF former grocery store • Owner added ˜1,000 SF to grocery store (not reflected in current square footage) • Dollar Tree expanded by 4,273 SF in 2023 and extended their lease for 10 years, adding (5) 5-year renewal options Center Overview • 29,825 SF value-add retail center for sale/lease • Located in Parchment, MI, just north of Kalamazoo • Surrounded by many national and local retailers/restaurants • 111,000+ residents within a 5-mile radius • Situated on the northwest quadrant of S. Riverview Drive and E. Mosel Avenue, between Commerce Lane and Shoppers Lane

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Shoppers Lane Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

C-3, General Business

APN/PARCEL ID

06-03-490-211

ASK ABOUT THIS PROPERTY

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248-631-7422

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248-631-7422

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