5581 9Th StKalamazoo, MI 49009
- Commercial real estate
- 3.12 AC
Property Details for 5581 9Th St
- Lot size
- 3.12 AC
- Zone code
- C-4
- Property type
- Commercial real estate
- APN
- 09-02-401-026
- APU
- 902401026
Description
This exceptional 9,960-square-foot commercial property, located at 5581 S 9th Street in Kalamazoo, Michigan, presents a remarkable opportunity for a variety of businesses. Situated on a 3.12-acre lot, this single-tenant building boasts a Class B designation and was constructed in 1995. The property features a spacious, single-story layout with ample parking for 166 vehicles. The interior is ready for immediate occupancy, with a fully equipped kitchen ideal for restaurant operations. The existing layout includes a large dance floor and elegant seating, capable of accommodating over 200 guests, making it particularly well-suited for banquet facilities or large-scale events. The C-4 zoning allows for diverse uses, including restaurants and retail establishments. The property's convenient location near I-94 ensures high visibility and accessibility. This turnkey opportunity includes all existing kitchen equipment. The property's Kalamazoo County location (APN: 390902401026) offers a strong foundation for a thriving business. The absence of elevators is noted. This is a rare chance to acquire a substantial commercial space with significant potential in a desirable Kalamazoo location. The property is currently vacant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $19,768,900
- 6.5%
- $18,248,200
- 7%
- $16,944,800
-
Comparable approach
- Method
- Valuation
- Relative Method
- $17,701,900
- Geo Method
- $17,701,900
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $40,400,600
- Retail / Commercial
- $19,841,400
- Mixed-Use / Specialty
- $19,080,500
- Hospitality / Lodging
- $13,100,100
- Office
- $18,248,200
- Institutional / Educational
- $19,589,300
- Residential Income
- $22,919,500
- Multifamily
- $31,314,700
- Automotive / Energy
- $16,790,800
- Parking / Income-Based Land
- $6,476,210
- Restaurant / Food Service
- $8,450,900
- Healthcare / Senior Housing
- $20,274,400
Location Insight
- City
- Kalamazoo
- County
- Kalamazoo
- State
- Michigan
- Latitude
- 42.2366
- Longitude
- -85.6748
- CBSA code
- 28020
- CBSA name
- KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].