5575 N Riverview Dr - Warehouse FOR SALE


Parchment, MI 49004
$2,999,995 USD
269-349-1000
5575 N Riverview Dr, Parchment, MI for Sale
$2,999,995 USD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

5575 N Riverview Dr
Parchment, MI 49004


OVERVIEW

Cushman & Wakefield and Callander Commercial have been exclusively retained by ownership as its exclusive advisor in the sale of 5575 N Riverview, Kalamazoo. This unique offering is unlike anything currently available in the Southwest Michigan market. Consisting of approximately 150,700 square feet in total, of which approximately 2,900 square feet is office space, the site also sits on approximately 23.54 acres of land. The site is located in Kalamazoo County, strategically positioned near Downtown Kalamazoo in close proximity to the new US-131 Business Interchange, providing easy access to an important artery connecting Kalamazoo and Grand Rapids, as well as Interstate 94, which serves as the primary expressway between Chicago and Detroit. The currently zoning, I-3, allows any operator the flexibility to utilize the subject property for most classes of manufacturing, as well as traditional warehousing and storage. The Property is being offered on an ‘as-is, where-is’ basis. The prospective purchaser will be selected by the Owner in consultation with C&W on the basis of (i) price (ii) track record of successful closing (iii) financial strength, and (iv) level of discretion to invest funds. Initial bids must be submitted to the attention of Lou Hall, Dan Wilkins, Jason Webb, and Matthew Callander. The Owner reserves the right to accept an offer prior to this date or to remove the Property from the market at any time.

FOR SALE DETAILS

PRICE

$2,999,995 USD

PRICE/SF

$20 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

UTILITIES

Water, Sewer

CLEAR CEILING HT

-

DOCKS

5

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.6

LAND SF

548,856

ZONING

I3

APN/PARCEL ID

02-35-176-010,02-35-176-020

ASK ABOUT THIS PROPERTY

Matthew CallanderCallander CommercialMore Info
269-349-1000

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Matthew CallanderCallander CommercialMore Info
269-349-1000

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