500 E Butler Court
Kalamazoo, MI, 49007 $ 1,900,000
Baths8.0 Monthly Estimate*
$ 13,272
Studio
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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FeaturesGeneralSewer 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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InteriorTotal 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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ExteriorWater 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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* Excluded FeaturesList ByJaqua, Realtors CommercialBroker
marct@jaquarealtors.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Kalamazoo, MI
Average List Price $260,441
Percent of Sale Price 86%
About Kalamazoo, MI 75,079 Population
-3% Since 2002
$ 36,632 Median Income
29.48 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
251492 Elementary School
248593 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/8/2024 | $1,900,000 | | Listed Price |