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Shoppers Lane Center 806-812 Shoppers Ln 29,825 SF Retail Building Kalamazoo, MI 49004 $1,999,999 ($67.06/SF)
Investment Highlights
- Prime value-add opportunity for an owner/user
- Owner added ˜1,000 SF to grocery store (not reflected in current square footage)
- Situated on the northwest quadrant of S. Riverview Drive and E. Mosel Avenue, between Commerce Lane and Shoppers Lane in Parchment, MI
- 29,825 SF value-add retail center • Includes 18,402 SF former grocery store
- Dollar Tree expanded by 4,273 SF in 2023 and extended their lease for 10 years, adding (5) 5-year renewal options
- 111,000+ residents within a 5-mile radius
Executive Summary
Investment Opportunity
• Prime value-add opportunity for an owner/user
Tenant & Property Details
• 18,402 SF former grocery store
• Owner added ˜1,000 SF to grocery store (not reflected in current square footage)
• Dollar Tree expanded by 4,273 SF in 2023 and extended their lease for 10 years, adding (5) 5-year renewal options
Center Overview
• 29,825 SF value-add retail center for sale/lease
• Located in Parchment, MI, just north of Kalamazoo
• Surrounded by many national and local retailers/restaurants
• 111,000+ residents within a 5-mile radius
• Situated on the northwest quadrant of S. Riverview Drive and E. Mosel Avenue, between Commerce Lane and Shoppers Lane
• Prime value-add opportunity for an owner/user
Tenant & Property Details
• 18,402 SF former grocery store
• Owner added ˜1,000 SF to grocery store (not reflected in current square footage)
• Dollar Tree expanded by 4,273 SF in 2023 and extended their lease for 10 years, adding (5) 5-year renewal options
Center Overview
• 29,825 SF value-add retail center for sale/lease
• Located in Parchment, MI, just north of Kalamazoo
• Surrounded by many national and local retailers/restaurants
• 111,000+ residents within a 5-mile radius
• Situated on the northwest quadrant of S. Riverview Drive and E. Mosel Avenue, between Commerce Lane and Shoppers Lane
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
29,825 SF
Building Class
C
Year Built
1960
Price
$1,999,999
Price Per SF
$67.06
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.37 AC
Zoning
C-3, General Business
Frontage
260’ on Riverview Dr
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Tenant & Property Details - 18,402 SF former grocery store - Owner added ˜1,000 SF to grocery store (not reflected in current square footage) Center Overview - 29,825 SF retail center - Located in Parchment, MI, just north of Kalamazoo
| Space | Size | Space Use | Position | Available |
| 806 | 18,402 SF | Retail | In-Line | Now |
806
| Size |
| 18,402 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
806
| Size | 18,402 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Tenant & Property Details - 18,402 SF former grocery store - Owner added ˜1,000 SF to grocery store (not reflected in current square footage) Center Overview - 29,825 SF retail center - Located in Parchment, MI, just north of Kalamazoo
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-03-490-211 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $492,600 |
Property Taxes
Parcel Number
06-03-490-211
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$492,600
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Shoppers Lane Center | 806-812 Shoppers Ln