500 Butler Ct Kalamazoo, MI 49007
This exceptional 13,020 square foot mixed-use property in Kalamazoo, MI, presents a compelling investment opportunity. Situated on a 0.65-acre lot in the vibrant River's Edge district, this architecturally unique 2014-built building boasts 8,474 square feet of leased office space, secured through July 2028, and five highly sought-after apartments. The office space features a trendy industrial design, perfect for collaborative work environments, including three floors with open floor plans, conference rooms, private meeting rooms, and an open kitchen area. An outdoor deck provides stunning views of the River's Edge. The five apartments (two one-bedroom and three loft-style) are consistently fully occupied, featuring amenities such as stackable washer/dryers, private patios/decks, covered parking, bicycle storage, and access to a 2,000 square foot common area deck. The building's prime location offers unparalleled convenience, with proximity to numerous restaurants, breweries, coffee shops, and the Kalamazoo River Valley biking trail. It's also within walking distance of the Amtrak and bus station and downtown Kalamazoo. This property allows tenants to seamlessly integrate living, working, dining, and entertainment within a thriving urban setting. The asking price is $1,700,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.