6018 Michigan AveKalamazoo, MI 49048

Property Details for 6018 Michigan Ave

Year built

1949

Lot size

0.51 AC

Property size (Sq ft)

6,068 SF

Zone code

CC

Property type

Commercial real estate

APN

07-20-105-010

APU

720105010

Description

This exceptional investment opportunity presents a 6,068-square-foot flex industrial building situated on a 0.51-acre lot in Kalamazoo, Michigan. Located at 6018 E Michigan Ave, 49048, this single-story, 1949-built structure boasts a 9-foot ceiling height and is currently 100% occupied by two tenants. The property features a prominent dance studio in the front retail space and a well-established vending business in the rear industrial space. The dance studio has been operating for over six years, while the vending business has thrived for over a decade, ensuring a stable income stream. The building benefits from recently installed HVAC units, enhancing efficiency and comfort. The property is zoned for commercial use and offers a gross lease structure with no tenant credit rating available. The asking price is $225,000, representing a price per square foot of $37.08. The property includes two units, each priced at $112,500. The building has no loading docks. This is an ideal addition to any investment portfolio, offering a strong return on investment with established, long-term tenants. The property's APN is 07-20-105-010. Lease commencement is January 1st, 2024. The building has a partial basement.

• Alternative Use

  Use

  Valuation

  Residential

  $1,127,591

  Hospitality

  $1,032,867

  Educational

  $859,333

  Medical

  $888,887

  Retail

  $1,336,741

Location Insight

City

Kalamazoo

County

Kalamazoo

State

Michigan

Latitude

42.2881

Longitude

-85.5117

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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