918 Riverview Dr | Kalamazoo, MI 49048
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918 Riverview Dr
Kalamazoo, MI 49048
Dark Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This Property represents an exceptional opportunity for an investor to acquire a freestanding former Walgreens and add value through leasing
- Priced at $1,488,888 - $112/SF and an 10.72% cap rate on the in-place income
- Walgreens vacated in March of 2024 but their NN lease remains in place until March 31, 2025
- Located on a 1.44 Acre lot at a signalized corner with approximately 15,500 VPD for strong visibility, accessibility, and desirability among retailers
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,213 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
1.44 AC
Zoning
CMU - Commercial Mixed Use.
Parking
64 Spaces (4.84 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 06-14-116-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $710,500 |
PROPERTY TAXES
Parcel Number
06-14-116-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$710,500
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