$2,900,000
Kalamazoo, MI 49009
MLS# 22012040
Status: Sold
56370 sqft
1 / 15
Property Description
INVESTMENT OPPORTUNITY: 56,370 SF light-industrial/warehouse facility on 14.40-acre parcel with 7+/- acres available for future development or expansion on Kalamazoo's west side. Constructed in 1988, with 1998 and 1999 additions, this steel-framed building offers 4,704 SF of office space and 51,666 SF of warehouse space with 16' – 22' ceilings, poured concrete floors with a guided rail system for transferring heavy loads between docks, high-efficient fluorescent lighting, fire suppression system, high-powered ventilation system, 9 leveling loading docks and 1 wash bay w/overhead door. Site offers 1 access drive, monument signage, 66 parking spaces and 6 box truck parking spaces. Property is located adjacent to the Oshtemo Business Park, with easy access to I-94 and US-131. Zoned
Details
Location & Property Info
Cross Streets: Stadium Dr. & West N Ave.
Property Sub-Type: Industrial
Area: Greater Kalamazoo - K
Municipality: Oshtemo Twp
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 53.2
Prop Avail for Lease?: No
Current Bldg Use: CORT Furniture Rental Distribution Center
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 320.57
Waterfront: No
Total # Units: 1
Total # Bldgs: 3
# Fin Bldg Lvls: 1
Total SqFt: 56370
Total Net SqFt: 56370
Property Use Type: Investment
School District: Kalamazoo
Lot Measurement: Acres
Lot Acres: 14.4
Lot Square Footage: 627264
Year Built: 1988
Tax Info
Taxable Value: 633000
SEV: 633000
For Tax Year: 2022
Seller's Annual Property Tax: 38206
Tax Year: 2021
Homestead %: 0
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: I-R
Tax ID #: 05-35-405-021
Remarks & Misc
Public Remarks: INVESTMENT OPPORTUNITY: 56,370 SF light-industrial/warehouse facility on 14.40-acre parcel with 7+/- acres available for future development or expansion on Kalamazoo's west side. Constructed in 1988, with 1998 and 1999 additions, this steel-framed building offers 4,704 SF of office space and 51,666 SF of warehouse space with 16' – 22' ceilings, poured concrete floors with a guided rail system for transferring heavy loads between docks, high-efficient fluorescent lighting, fire suppression system, high-powered ventilation system, 9 leveling loading docks and 1 wash bay w/overhead door. Site offers 1 access drive, monument signage, 66 parking spaces and 6 box truck parking spaces. Property is located adjacent to the Oshtemo Business Park, with easy access to I-94 and US-131. Zoned
Legal: See Attached
Status Change Info
Sold Price/SqFt: 51.45
Under Contract Date: 2023-05-19
Sold Date: 2023-08-02
Sold Price: $2,900,000
Additional Details
# Loading Docks/Well: 9
Total Parking Spaces: 72
Grd Lvl OH Doors: 1
Ceiling Height: 16
Street Type
Paved: 1
Public: 1
Property Use
Investment: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Distribution: 1
Manufacturing: 1
Construction Type
Steel: 1
Exterior Material
Metal Siding: 1
Other: 1
Roofing
Metal: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Business Includes
Non-Applicable: 1
Additional Features
Expandable: 1
Fire Sprinkler: 1
Foundation
Slab: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Driveway
Asphalt: 1
Paved: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Possession
See Remarks: 1
Location Property Info
County: Kalamazoo
Street #: 4001
Street Direction: S
Street Name: 9th
Suffix: Street
State: MI
Zip Code: 49009
Zip (4): 8120
OfficeContract Info
Status: Sold
Current Price: $2,900,000
List Price: $2,999,000
Listing Date: 2022-04-11
Remarks Misc
Directions: Located on S. 9th Street, between Stadium Drive and West N Avenue.
Property Features
Property Use: Investment
Uses: Distribution; Manufacturing
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Steel
Exterior Material: Metal Siding; Other
Roofing: Metal
Foundation: Slab
Below Grade: None
Additional Features: Expandable; Fire Sprinkler
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Asphalt; Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Possession: See Remarks
Supplements
I-R: Industrial District, Restricted in Oshtemo Township. Currently leased by long-term tenant, CORT Business Services Corporation, who is owned by Fortune 500 Company Berkshire Hathaway Company, through 7/31/27.
Listing Office: NAI Wisinski of West Michigan
Listing Agent: Jodi K Milks
Last Updated: August - 03 - 2023
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