Property profile

3011 Riverview Dr Kalamazoo, MI 49004

FOR SALE
Commercial land
Property ID
US43-3854731
Built 1920
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Property summary

AI-generated overview

Welcome to 3011 Riverview Dr, a 3-room/office structure with 1 bathroom, situated on 2 lots, totaling almost half an acre. This property offers a spacious yard with room for expansion. Access is available from both Riverview Dr and Shoppers Ln. Zoned as C-1, this property is currently used as a non-conforming residential premises. This non-conforming use can be continued for investors interested in adding a rental to their portfolio. Located on Riverview Drive, the property provides convenient access to shopping, dining, and major roadways, making it ideal for commercial use. Duplicate listing of MLS# 26017227.

Property profile

Verified
Property type Commercial land
Year built 1920
UPID US43-3854731

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3011 Riverview Dr Kalamazoo, MI 49004
Kalamazoo metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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