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:
Nov 20, 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.
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.

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.
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.

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.