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Property Detail

Plastics Place
Desirably positioned 25,000-SF office building and ample parking on an expansive 3-acre lot .
$400,000
Manufacturer: https://www.cbre.com/

Description

  • Desirably positioned 25,000-SF office building and ample parking on an expansive 3-acre lot with captivating waterfront views in Kalamazoo, Michigan.
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  • Established owner/user or investment opportunity within a flourishing submarket seeing decreasing vacancies and no supply-side pressures.
  • Remarkable location 1.5 miles from I-94, 2 miles to Kalamazoo/Battle Creek International Airport (AZO), and 3.3 miles to the Amtrak train station.
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  • Surrounded by a highly educated workforce, as 40.5% of the population obtains a bachelor’s degree or higher, surpassing the national average.

Executive Summary

Scenically situated, this 25,000-square-foot office building features captivating views of the Monarch Millpond in Kalamazoo, Michigan, which is part of the greater Kalamazoo-Battle Creek-Portage metropolitan area. Built in 1986, 600 Plastics Place is a two-story building beneficially positioned over 3 acres of land, providing a new owner with the opportunity for future development. The abundant acreage is paired with ample surface parking accommodating 80 employees and visitors and covered spaces perfect for executives. The property features a desirable mix of private offices, conference rooms, and an open floor plan ideal for partitioned offices. Tenants can appreciate the natural lighting that fills the office building and the outdoor patio encapsulated by serene surroundings.

600 Plastics Place will be delivered vacant upon sale, serving as an excellent blank slate opportunity for a new owner/user or investor seeking to lease the space to an upcoming tenant. The property is advantageously located within the Southern Kalamazoo County office submarket, which is seeing decreasing vacancy rates, rental increases by 1.6% year over year, and no construction except for subtle demolitions, confirming no supply-side pressures.

The property benefits from its proximity to major thoroughfare Interstate 94 via a 5-minute commute, providing seamless connectivity from the west to the east coasts of Michigan. The Kalamazoo/Battle Creek International Airport (AZO) is a 7-minute commute from 600 Plastics Place, and the Kalamazoo (Blue Water-Amtrak, Wolverine-Amtrak) commuter rail system is less than a 10-minute drive.

Kalamazoo County boasts a highly skilled workforce, as 40.5% of the surrounding population obtains a bachelor’s degree or higher, surpassing the national average of 34.3%. A new owner can acquire 600 Plastics Place and have a sought-after employee pool at their fingertips or add investment value by leasing the asset to a business at the submarket’s growing market rates.

Property tours are available by appointment only. Please contact the broker to schedule.

Waterfront Views

Listing ID : 00626

SKU: 626

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Price History

DateEventPrice
December 4 2024Listed$400,000.00