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Light/Heavy Industrial & Self-Storage 1820 Lake St 51,196 SF Industrial Building Kalamazoo, MI 49001 $2,393,720 CAD ($46.76 CAD/SF)
Investment Highlights
- The property sits within an Opportunity Zone, and the City of Kalamazoo offers the possibility of Community Incentives/ Benefits as well.
- Existing building is 51,196 SF and sits on 6.2 Acres, with the ability to expand it to 71,196 SF and/or additional truck parking.
- Ceiling heights range from 8-6’ FT clear (office) to 19-4’ FT clear (warehouse).
- Freestanding building that sits along the main road offering great signage, visibility, and access. Zoned M-2 Industrial. Built in 1946.
- Currently, it has 3,371 SF of office space and 47,825 SF of warehouse/storage space.
- Has 480 volt / 3 phase / 400 amps electrical service with the ability to upgrade.
Executive Summary
Property Facts
| Price | $2,393,720 CAD | No. Stories | 1 |
| Price Per SF | $46.76 CAD | Year Built/Renovated | 1946/2023 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Sale Condition | Lease Option | Parking Ratio | 0.59/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 8’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 6.20 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 51,196 SF | ||
| Zoning | M-2 - Industrial | ||
| Price | $2,393,720 CAD |
| Price Per SF | $46.76 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Lease Option |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 6.20 AC |
| Rentable Building Area | 51,196 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2023 |
| Tenancy | Single |
| Parking Ratio | 0.59/1,000 SF |
| Clear Ceiling Height | 8’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | M-2 - Industrial |
Amenities
- Signage
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Under new ownership! Renovations are planned for 1st quarter 2023. Freestanding building that sits along the main road offering great signage, visibility, and access. Zoned M-2 Industrial. Built in 1946. Existing building is 51,196 SF and sits on 6.2 Acres, with the ability to expand it to 71,196 SF and/or additional truck parking. Currently, it has 3,371 SF of office space and 47,825 SF of warehouse/storage space. Ceiling heights range from 8-6’ FT clear (office) to 19-4’ FT clear (warehouse) and has 480 volt / 3 phase / 400 amps electrical service with the ability to upgrade. Includes (1) loading dock and (4) overhead doors, (2) 2-ton cranes on heavy- duty monorail crane systems used for unloading trucks. Great site located 1.8 miles from the I-94 Freeway Ramp and almost directly on the business loop; within close proximity to Downtown Kalamazoo as well.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 51,196 SF | Industrial | Shell Space | 60 Days |
1st Floor
| Size |
| 51,196 SF |
| Space Use |
| Industrial |
| Build-Out |
| Shell Space |
| Available |
| 60 Days |
1st Floor
| Size | 51,196 SF |
| Space Use | Industrial |
| Build-Out | Shell Space |
| Available | 60 Days |
Under new ownership! Renovations are planned for 1st quarter 2023. Freestanding building that sits along the main road offering great signage, visibility, and access. Zoned M-2 Industrial. Built in 1946. Existing building is 51,196 SF and sits on 6.2 Acres, with the ability to expand it to 71,196 SF and/or additional truck parking. Currently, it has 3,371 SF of office space and 47,825 SF of warehouse/storage space. Ceiling heights range from 8-6’ FT clear (office) to 19-4’ FT clear (warehouse) and has 480 volt / 3 phase / 400 amps electrical service with the ability to upgrade. Includes (1) loading dock and (4) overhead doors, (2) 2-ton cranes on heavy- duty monorail crane systems used for unloading trucks. Great site located 1.8 miles from the I-94 Freeway Ramp and almost directly on the business loop; within close proximity to Downtown Kalamazoo as well.
Property Taxes
| Parcel Number | 06-23-414-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $416,918 CAD |
Property Taxes
Presented by
Light/Heavy Industrial & Self-Storage | 1820 Lake St
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