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500 E Butler Court, Kalamazoo, MI 49007
$1,900,000
500 E Butler Court, Kalamazoo, MI 49007View this property at 500 E Butler Court, Kalamazoo, MI 49007
500 E Butler CourtKalamazooMI49007
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Property Description
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.
Full Property Details
Full Property Details for 500 E Butler Ct
General
- Price: $1,900,000
- Taxes: $31,621
- Status: Active
- Type: Office
- MLS ID: 24022482
- Updated: 5/8/2024
- Added to Site: 22 day(s) ago
Business
- Business Type: Professional/Office
Interior
- Number of Fireplaces: 1
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Location
- Area: Greater Kalamazoo - K
- County: Kalamazoo
- Cross Streets: Harrison St & Walbridge St
- Driving Directions: North of E Michigan Ave down Walbridge St, across the street from Louie's
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Phone Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected
Structural Information
- # Buildings: 1
- Stories/Levels: 3
- Square Feet: 13,020
- Year Built: 2014
Lot Features
- Lot Size (Acres): 0.65
- Lot Size (Sq. Ft.): 28,314
- Lot Dimensions: 100 x 150
- Zoning: CMU
Financial Considerations
- Tax Amount: $31,621
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: On File
- Property ID: 06-15-268-202
Listed by Jaqua, REALTORS Commercial, Marc R Tourangeau
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Schools
Schools serving 500 E Butler Ct
School District:Kalamazoo Public School District
Rating | Name | Grades | Distance |
---|---|---|---|
924 Russell St, Kalamazoo, MI 49001 | PK-5 | 1.1 mi | |
4241 Arboretum Pkwy, Kalamazoo, MI 49006 | 6-8 | 3.4 mi | |
2432 N Drake Rd, Kalamazoo, MI 49006 | 9-12 | 3.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 500 E Butler Ct
Date
Details
Price
Change
Source
5/08/2024
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 500 E Butler Ct
Year
Property Taxes
Change
Tax Assessment
Change
2019
$1,794
-9%
$71,500
11%
2022
$1,963
5%
$64,200
45%
2020
$1,863
—
$44,200
12%
2020
$1,863
4%
$39,600
16%
2019
$1,794
2%
$34,000
8%
2018
$1,753
100%
$31,500
8%
2014
100%
$29,100
15%
2014
—
$25,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 500 E Butler Ct
500 E Butler Court, Kalamazoo, MI 49007 (MLS# 24022482) is a Office property. 500 E Butler Court is currently listed for $1,900,000 and was received on May 08, 2024. Want to learn more about 500 E Butler Court? Do you have questions about finding other Office real estate for sale in Kalamazoo? You can browse all Kalamazoo real estate or contact a Coldwell Banker agent to request more information.