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    806-812 Shoppers Ln Kalamazoo, MI 49004

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    For Sale
    $2,149,999

    Retail center with grocery store and Dollar Tree in Parchment.

    Property size:
    18,402 SF
    Lot size:
    2.37 Acres

    Property Features for 806-812 Shoppers Ln

    General Information

    Size
    18,402 SF
    Lot size
    2.37 Acres

    Source: KJ Commercial Agent Kevin Jappaya, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Retail Center Opportunity

    This 29,825 square foot retail center presents a value-add opportunity. The property includes an 18,402 square foot operating grocery store, but the grocery store will vacate upon sale or lease. The owner added approximately 1,000 square feet to the grocery store, which is not reflected in the current square footage. Dollar Tree expanded by 4,273 square feet in 2023 and extended their lease for 10 years, adding five 5-year renewal options. The property is located on the northwest quadrant of S. Riverview Drive and Mosel Avenue, between Commerce Lane and Shoppers Lane, in Parchment, Michigan, just north of Kalamazoo. The surrounding area features many national and local retailers and restaurants. The location has over 111,000 residents within a 5-mile radius, offering a substantial customer base.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.570983
    Latitude
    42.319383

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    FAQs

    What type of property is this?
    Shopping center - Retail center with grocery store and Dollar Tree in Parchment.
    Where is this shopping center located?
    The property is located at 806-812 Shoppers Ln Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $2,149,999.
    What are key features of this property?
    This property features: - Value-add retail center with significant upside potential due to upcoming grocery store vacancy.; - Established Dollar Tree with recent expansion (4,273 SF) and 10-year lease extension.; - High population density: Over 111,000 residents within a 5-mile radius.
    (248) 931-1980
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    806-812 Shoppers Ln Kalamazoo, MI 49004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    806-812 Shoppers Ln Kalamazoo, MI 49004
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