4851 Sprinkle RdKalamazoo, MI 49048

  • Commercial land
  • 1.41 AC
For Sale
$525,000 View listing

Property Details for 4851 Sprinkle Rd

Lot size
1.41 AC
Zone code
M
Property type
Commercial land
APN
07-31-356-031
APU
731356031

Description

This exceptional Kalamazoo, Michigan commercial property at 4851 S. Sprinkle Road presents a lucrative investment opportunity. The 1.41-acre lot boasts 7,069 square feet of existing retail space housed in two single-story buildings, currently priced at $525,000, or $8.57 per square foot. The land itself is valued at $373,134 per acre. The property features over 240 feet of road frontage, providing excellent visibility and accessibility. Its strategic location is less than one mile from I-94, ensuring high traffic volume and convenient access for customers. The property is zoned M, with future commercial zoning, offering flexibility for a variety of uses. Potential tenants could include coffee shops, quick-service restaurants, banks, and general retailers. The total land area encompasses 61,289 square feet. While some use and restrictions may apply, this property presents a compelling opportunity for investors seeking high-traffic exposure and diverse development potential in a thriving Kalamazoo location. The property is located in Kalamazoo County, Michigan, with a zip code of 49048.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,023,033
    Hospitality
    $8,265,050
    Educational
    $6,876,424
    Medical
    $7,112,915
    Retail
    $10,696,660

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.246
Longitude
-85.5304
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$1,834
-
-
$31,000
-
-
-
$62,000

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