3810 E Cork Street, Kalamazoo 49001

$1,300,000

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MLS#: 16044103
• For Sale
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INVESTMENT OPPORTUNITY - 8,069 SF free-standing restaurant on approx. 2.48-acre parcel in Kalamazoo, Michigan. Located adjacent to I-94, The Crew Family Restaurant & Bakery is an independently owned, family-style restaurant which benefits from neighboring hotels, close proximity to I-94 at the Sprinkle Road interchange and average daily interstate traffic of over 59,500. The restaurant serves traditional American food and was recently awarded second place for desserts in WWMT's Best of West Michigan 2016 online survey. Tenant has a long-term lease through 7/31/23, with an additional five-year option to renew, and the investment offering features an NOI of $90,000, with a 7% cap rate.

Property Information    

Status
Active 
Address
3810 E Cork Street 
City
Kalamazoo 
Zip
49001 
Year Built
1988 
County
Kalamazoo 
Above Grade SqFt
8,069 
Price/SqFt
161.11 

School Information

School District
Kalamazoo 

Taxes

Features

Current Use
The Crew Restaurant & Bakery 
Comm. Retail Space
8069.00 
Zoning
M-1 
Sub Property Type
Retail/ Commercial 
Cooling
Central 
Heating
Forced Air, Natural Gas 

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Listing Broker

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Listing Courtesy of Bradley Company
Office Address 277 S. Rose Street, Ste. 3500
Listing Agent Jodi K Milks