3810 E CORK Street, Kalamazoo MI 49001 Photo 1 3810 E CORK Street, Kalamazoo MI 49001 Photo 2 3810 E CORK Street, Kalamazoo MI 49001 Photo 3 3810 E CORK Street, Kalamazoo MI 49001 Photo 4

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3810 E CORK Street - 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.

Listing information

  • MLS® ID: 16044103
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $35,097
  • Subdivision: K01 - Milwood
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 8,069 ($161.11 per sq. foot)
  • County: Kalamazoo
  • Year Built: 1988
  • New Construction: No
  • Lot Area: 2.48
  • School District: Kalamazoo

Features

Air Conditioning Central
Auction or For Sale For Sale
Below Grade Partial
Business Includes Non-Applicable
Construction Type Block
Driveway Paved
Exterior Material Metal, Stucco
Heat Source Natural Gas
Heat Type Forced Air
Other Additional Details: Total Parking Spaces - 221, Road Frontage - 1.00, SqFt Information: Rentable Retail SqFt - 8069.00, SqFt Information: Total Bldg Retail Sq - 8069.00, Zoning - M-1
Property Sub-Type Retail/ Commercial
Purchase Terms Avail Cash/Conventional
Roofing Built Up Stone
Sale Conditions None
Street Type Paved, Public
Uses Restaurant/Bar
Util Avail at St Broadband, Cable, Electric, Natural Gas, Public Sewer, Public Water, Storm Sewer, Telephone
Utilities / Sewer Public
Utilities Attached Electric, Natural Gas, Telephone
Water Type Public
Waterfront Options: Waterfront Y/N No
Listing Courtesy of Jodi K Milks of Bradley Company