This unique opportunity to acquire 150,700 SF in Kalamazoo, MI is one of a kind regionally. Strategically positioned near Downtown and centrally located with Grand Rapids to the north, Chicago to the west, and Detroit to the east, this former manufacturing facility provides any operator or developer a geographic advantage over surrounding markets. Priced well below market, the subject property is to be sold in as-is condition. The asset will require capital infusion to protect the roof and shell, however, total project cost will fall well below market alternatives.
A $27 million project to improve the US-131 and Business 131 Interchange will solve long-standing accessibility issues to this corridor from the South. A new road system for truck routes will be ready by December 2025, making the area a hub for business and jobs. The new infrastructure will make the area easily accessible from US-131 and I-94. A new commercial and industrial development is already underway on the ~73 Acres at Mosel Street and Douglas Avenue. Plans include a large gas station at a key traffic light to support businesses and logistics. Several big industrial buildings, each at least 250,000 SF, will be built for manufacturing, warehousing, and distribution on the site.
AVAILABLE FOR SALE: Approx. 135,363 SF former Lovely's Greenhouse facility on 6.69 acres in Kalamazoo. This recently closed facility includes 8 greenhouse buildings totaling 126,516 SF, a 7,407 SF barn and a 1,440 SF garage, as well as a Bouldin & Lawson soil dispenser, shipping carts and a pallet jack. Sale includes a 1,892 SF single-family residence and Life Lease with current owner to be in place by closing. The property is located north of W. Mosel Avenue and within 1 mile of the US-131 Business Loop. Zoned R-2, Single & Two-Family Residential in Kalamazoo Township with a future land use designation of MUD, Multiple-Use Development. Greenhouses last operated during the 2022 season.
The median home value in Kalamazoo, MI is $193,100. This is lower than the county median home value of $231,100. The national median home value is $338,100. The average price of homes sold in Kalamazoo, MI is $193,100. Approximately 39.42% of Kalamazoo homes are owned, compared to 50.85% rented, while 9.73% are vacant. Kalamazoo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kalamazoo real estate agent to arrange a tour today!
Kalamazoo, Michigan 49004 has a population of 74,020. Kalamazoo 49004 is less family-centric than the surrounding county with 22.5% of the households containing married families with children. The county average for households married with children is 30.73%.
The median household income in Kalamazoo, Michigan 49004 is $44,296. The median household income for the surrounding county is $61,739 compared to the national median of $69,021. The median age of people living in Kalamazoo 49004 is 26.1 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 36.4 inches per year, with 60.3 inches of snow per year.