3810 E Cork St | Kalamazoo, MI 49001
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3810 E Cork St
Kalamazoo, MI 49001
INVESTMENT OPPORTUNITY - KALAMAZOO, MI · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Indepentently owned restaurant investment opportunity
- Long-term lease through 7/31/23, with an additional five-year renewal option
- 7% Cap Rate
- 8,069 SF free-standing building on approx. 2.48-acre parcel
- NOI of $90,000
- Site benefits from neighboring hotels, close proximity to I-94 at the Sprinkle Road interchange and average daily interstate traffic of 59,500+
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,069 SF
Building Class
B
Year Built
1988
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
2.55 AC
Zoning
CC - Commercial
Parking
164 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
77’ on Cork St
PROPERTY TAXES
| Parcel Number | 06-25-489-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $649,800 |
PROPERTY TAXES
Parcel Number
06-25-489-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$649,800
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