Property profile

6190 Riverview Dr Kalamazoo, MI 49004

OFF-MARKET
Industrial properties
Property ID
US43-2350751
17,245 SF 3.5 ac lot
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 17,228-square-foot industrial property, located at 6190 N Riverview Drive in Kalamazoo, Michigan, presents a compelling investment opportunity. Priced at $749,000, this vacant building sits on a 3.5-acre lot (APN: 02-25-351-025) and offers versatile space suitable for various uses, including distribution, manufacturing, and warehousing. The building features a well-appointed office area with four individual offices, a reception area, and restrooms. The expansive assembly/shipping and receiving area measures approximately 120 feet by 60 feet and includes an 8-foot overhead door. Ceiling heights range from 8 to 11 feet, providing ample clearance. The property benefits from HVAC in both the office and shop areas, a 600-amp electrical service, an EPS alarm system, fire detection, a newer electric water heater, abundant natural light, and a durable steel roof. Conveniently located five miles north of Kalamazoo and seven miles from US-131, this property offers easy access to major transportation routes. City water and a septic system are in place. This property is ideal for businesses seeking a functional and well-equipped space in a strategic location. The property's diverse features and prime location make it an attractive option for a wide range of industrial operations.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 17,245 SF
Lot 3.5 ac (152,460 SF)
Zoning code I1
APN 02-25-351-025
UPID US43-2350751

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer

Location

6190 Riverview Dr Kalamazoo, MI 49004-1574
Kalamazoo metro Census 2802 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2024
Last sale
$200,000
3 recorded transactions
2024
$200,000
2022
Price N/A
2018
Price N/A

Zoning & alternative use

I1 · Kalamazoo, MI

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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