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Property profile & analytics
OFF-MARKET
Office Spaces

500 Butler Ct Kalamazoo, MI 49007

13,020 SF 0.65 ac lot Built 2014
Property ID
US43-3055830
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 2014
Total area 13,020 SF
Lot 0.65 ac (28,314 SF)
UPID US43-3055830
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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