806-812 Shoppers Ln - Freestanding FOR SALE


Kalamazoo, MI 49004
$2,250,000 USD
248-631-7422
806-812 Shoppers Ln, Kalamazoo, MI for Sale
$2,250,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

806-812 Shoppers Ln
Kalamazoo, MI 49004


OVERVIEW

Center Overview - 29,825 SF 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 Tenant & Property Details - 18,402 SF operating grocery store – DO NOT DISTURB TENANT - Grocery store will vacate upon sale/lease - 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 Investment Opportunity - Prime value-add opportunity for an owner/user

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$75 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

Preston RabbanKJ CommercialMore Info
248-631-7422

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Preston RabbanKJ CommercialMore Info
248-631-7422

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