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    Property profile & analytics
    OFF-MARKET
    Commercial land

    5657 Riverview Dr, Kalamazoo, MI 49004-1547

    2.74 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US43-0000712
    Property summary
    AI-generated overview

    This exceptional 11.1-acre parcel, located at 5657 N. Riverview Drive in Kalamazoo, Michigan (49004), presents a unique investment opportunity. Situated in Cooper Township, the property boasts dual C-2 and Industrial zoning, unlocking a wide range of development possibilities. Pre-approved plans for a mini-storage facility are available for purchase, offering significant cost and time savings for a prospective developer. Alternatively, the expansive lot is well-suited for multi-family condo development or other commercial ventures. The property's versatility is further enhanced by the option to purchase the land in two parcels: a 2.8-acre section for $125,000 or an 8.3-acre section for $350,000. The entire 11.1-acre parcel is offered at $445,000. The property's APN is 390235276053. This prime location and flexible zoning regulations make this an ideal investment for those seeking high-return potential in a thriving Kalamazoo County market. The property's latitude and longitude coordinates are 42.342906216690984 and -85.55515116273405 respectively.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.74 ac (119,354 SF)
    Zoning code C1
    APN 02-35-276-055
    UPID US43-0000712
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Parchmetn Storage LLC · 3 yrs held
    Parchmetn Storage LLC
    since 2023
    Last sale
    $169,900
    1 recorded transaction
    2023
    $169,900
    Zoning & alternative use
    C1 · Kalamazoo, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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