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    2600 Michigan Ave Kalamazoo, MI 49006

    For Sale
    $4,123,592
    Property size:
    13,700 SF
    Added:
    Dec 11, 2024
    Days on Market:
    370

    Property Features for 2600 Michigan Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,700 SF
    Class
    B
    Lot Size
    40,511 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1

    HighLights

    • Investment‑grade tenant, CVS, with a Moody's rating of Baa2 and S&P stable rating (March 31, 2024).
    • Absolute net ground lease extending to January 31, 2042, with ten five‑year renewal options at 10% rental increases each.
    • Building renovated by CVS in 2016.
    • 39,583 sq ft lot with cross‑easement rights to Campus Pointe Mall.
    • Parking lot repaved and restriped in 2019, with three points of ingress/egress and single‑lane drive‑thru.
    • High traffic count of approximately 40,000 cars per day at the lighted intersection.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor CVS Drug Store CVS Pharmacy Pharmacy Knee Walker Rental ... Scooter Rental Service MoneyGram Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.6221678
    Latitude
    42.2820831

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    FAQs

    Where is this individual retail property located?
    The property is located at 2600 Michigan Ave Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $4,123,592.
    What are key features of this property?
    This property features: Investment-grade tenant, CVS, with a Moody's rating of Baa2 and S&P stable rating (March 31, 2024).; Absolute net ground lease extending to January 31, 2042, with ten five-year renewal options at 10% rental increases each.; Building renovated by CVS in 2016.
    Request Owner's contact information
    2600 Michigan Ave Kalamazoo, MI 49006
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    Kalamazoo, MI 49006
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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
    2600 Michigan Ave Kalamazoo, MI 49006
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