Last Updated: 10/22/2016 2:53 PM
Description for 3810 E Cork Street Kalamazoo, MI 49001
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.
Public Water Service
Public Sewer, Storm Sewer
Cable TV, Electric, Natural Gas, Telephone
Gas Heat, Forced Air
Exterior / Lot Features
Paved Road, Public Roads, Acreage
SW corner of E. Cork Street and S. Sprinkle Road.
Listing Price History
Kalamazoo Real Estate
Kalamazoo is located in Michigan. Kalamazoo, Michigan 49001 has a population of 74,494.
The median household income in Kalamazoo, Michigan 49001 is $31,189. The median household income for the surrounding county is $46,011 compared to the national median of $53,046. The median age of people living in Kalamazoo 49001 is 25.9 years.
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