0.48 Acre Parcel - Menard's, Meijer Adjacent
Online Auction March 29-31, 2021
McDonald's adjacent outparcel to Menards and shadowed by Walmart Supercenter and Meijer in Kalamazoo, Mi
Traffic counts of ±26,206 VPD on W Main Street with 120' of frontage near signalized intersection
Dense retail corridor including Hobby Lobby, Target, Lowe's, Kohl's, PetSmart, Walgreens, Dsw, Aldi, Goodwill within 1.5 miles
Zoned C, Local Business District allowing for flexible commercial uses
±86,637 individuals with an average household income of residing within a 5-mile radius (2020)
Absolute Auction - NO Reserve.
CBRE and are pleased to present a ±0.48 AC undeveloped land parcel located near the intersection of W Main Street and N 9th Street (the “Property”) in Kalamazoo, Michigan. This Property offers an exceptional investment opportunity via development and first bid meets reserve.
The Property consists of approximately 0.48 acres of vacant land adjacent to McDonald's, previously cleared land which is an outlot to Menards, a home improvement store chain with 350 stores throughout the Midwestern United States. With flexible commercial zoning, permitted uses include retail sales, bank, restaurant, office, medical clinic and many others. The Property is an irreplaceable outlot and one of the last remaining lots in this dense retail trade area. Surrounding the location is the area's main retail corridor with a strong mix of well-established local and national retailers including Walmart, Meijer, Hobby Lobby, Target, Lowe's, Kohl's, PetSmart, Walgreens, Dsw, Aldi, Goodwill, and numerous others. The Property benefits from being near a signalized intersection with excellent access to 26,206 VPD on West Main Street and 5,000 vehicles per day on North 9th Street in front of the site.
Kalamazoo is a city and seat of Kalamazoo county in southwestern Michigan. Equidistant from Chicago and Detroit, Kalamazoo serves as the urban center for southwest Michigan. As of 2020, there were 86,637 residents with an average household income of within a 5-mile radius. The population experienced positive growth since 2010 which is expected to continue through 2025.