500 E Butler Court Kalamazoo, MI $ 1,900,000
500 E Butler Court
$ 1,900,000
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500 E Butler Court

Kalamazoo, MI, 49007
$ 1,900,000
Baths8.0

Monthly Estimate*

$ 13,272

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Studio

Commercial Property for sale in Kalamazoo, MI

for $1,900,000 with 8 full baths. This building was built in 2014 on a lot size of 0.65.

Fully Leased Investment Offering now Available. Located in the heart of River's Edge, Kalamazoo's best Live, Work, Play, Eat, and Shop area is the Norbridge Building. This architecturally unique facility, built in 2014, offers the discerning investor five highly desirable apartments and 8,474 square feet of leased office space. The commercial Tenant has extended through July of 2028. The office suite is the definition of ''cool,'' with an industrial feel, and is designed for Tenants seeking a collaborative work environment yet offering great options to a hybrid workforce. The office space consists of an open floorplan encompassing three floors centered around the open stairwell, which provides: • Conference rooms. • Private meeting rooms. • An open kitchen area. " An outdoor deck overlooking the River's Edge District. The apartments consist of 2 one-bedroom and three loft-style apartments. These apartments are consistently oversubscribed. As fast as the Landlords can turn them, they are reoccupied. The units offer their residents a stackable washer and dryer, private patio/deck, covered parking (1 space/unit), bicycle storage, and access to the 2,000 sf common area deck on the 3rd level. Norbridge is across the street from Louie's Trophy House Restaurant, Green Door Distilling, Brewery Outré, Walnut & Park Coffee, and within easy walking distance to Bell's Brewery, Sarkozy's Bakery, Hop Cat, 600 Kitchen and Bar. The Norbridge Building is only 100 yards from entry to the Kalamazoo River Valley biking trail, five blocks from the Amtrak and Bus Station, and only 12 minutes walking from the geographical center of downtown Kalamazoo. The property allows its tenants to Live, Work, Play, Eat, and Shop downtown. Please note this listing incorporates multiple addresses (condo association). For more detailed information, see the listing agent.

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Commercial Active

Price

$ 1,900,000

Bedrooms

Studio

Full Bath

8

Property Type

Commercial

Taxes

$ 31,621

Style

Office

Lot Size

0.65

Year Built

2014

Town/City

Kalamazoo

County/Region

Kalamazoo

MLS | Web ID

24022482

Features
General
Sewer Public Sewer
Cooling Central Air
Utilities Phone Available Public Water Available Public Sewer Available Natural Gas Available Electric Available Cable Available Phone Connected Natural Gas Connected Electric Connected Cable Connected
Year Built 2014
Township Kalamazoo City
Property SubType Office
Tax Year 2022
Business Type Professional/Office
County Kalamazoo
New Construction N
Property Type Commercial Sale
Status Active
Directions North of E Michigan Ave down Walbridge St across the street from Louie's
City Kalamazoo
High School District Kalamazoo
Zoning Description CMU
Total Units 1
MLS Area Greater Kalamazoo - K
Lot Size Square Feet 28314.0
Waterfront Y/N N
Street Name Butler
Land Lease Y/N N
Tax Annual Amount 31621.0
Lease Renewal Y/N N
MLS Area Minor Greater Kalamazoo - K
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Standard Status Active
Tax Assessed Value 506224
Legal Description On File
Senior Community None
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Interior
Total Fireplaces 1
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 8
Street Suffix Court
Electric On Property Y/N N
Total Baths 8
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Exterior
Water Source Public
Lot Size Area 0.65
Number of Buildings 1
Spa N
Building Area Total 13020.0
Lot Dimensions 100 x 150
Lot Size Acres 0.65
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 500
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* Excluded Features
List By
Jaqua, Realtors Commercial

Broker

marct@jaquarealtors.com

Email

Affordability Calculator

$15,907
Per Month
83%
17%
0%
Monthly Principal & Interest
$13,272
Monthly Property Taxes
$2,635
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
251492 Elementary School
248593 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2024$1,900,000 Listed Price

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500 E Butler Court, Kalamazoo, MI, 49007 is a Commercial Property for sale at $1,900,000 with a lot size of 0.65. 500 E Butler Court is a studio with 8.0 baths and was built in 2014. The property's zip code is 49007 which is in Kalamazoo, MI