Heavy Industrial & Self-Storage Building FOR SALE

1820 Lake Street Kalamazoo, MI 49001

1820 Lake Street, Kalamazoo, MI, 49001
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FOR SALE FOR LEASE
Property Type:
Industrial
Amount:
$1,750,000
Last Verified:
Dec 13, 2024

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Highlights


Description

The property sits within an Opportunity Zone, and the City of Kalamazoo offers the possibility of Community Incentives/Benefits as well.
Freestanding building that sits along the main road offering great signage, visibility, and access. Zoned M-2 Industrial. Built in 1946.
In addition to traditional industrial and storage users, the site is also suitably zoned for various cannabis facilities, including Cultivation and Processing.
Existing building is 51,196 SF and sits on 6.2 Acres, with the ability to expand it to 71,196 SF, add a second building in the rear, and/or additional truck/outdoor storage 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.

The property sits within an Opportunity Zone, and the City of Kalamazoo offers the possibility of Community Incentives/Benefits as well.
Freestanding building that sits along the main road offering great signage, visibility, and access. Zoned M-2 Industrial. Built in 1946.
In addition to traditional industrial and storage users, the site is also suitably zoned for various cannabis facilities, including Cultivation and Processing.
Existing building is 51,196 SF and sits on 6.2 Acres, with the ability to expand it to 71,196 SF, add a second building in the rear, and/or additional truck/outdoor storage 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.

Close proximity to downtown Kalamazoo. 1.8 miles from the I-94 freeway ramp.


Year Built: 1946
Building Size: 51196sq ft
Lot Size: 6.2 acres


Documents

Kalamazoo - Heavy Industrial & Self-Storage (Marketing Package)

Units for Lease

1821 Lake Street
Space Available: 51196 SF
Lease Type: NNN

Price Per Sqft/Year: $5.95

Map of 1820 Lake Street, Kalamazoo, MI, 49001

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.