3617 GEMBRIT Circle Kalamazoo, MI 49001

Introducing an exceptional industrial investment property for sale in the prime location of 3617 Gembrit Circle, Kalamazoo, MI. This industrially zoned property with land offers a unique opportunity for investors seeking a reliable income stream and long-term growth potential. With a solid tenant in place and impressive features, this property is a valuable addition to any investment portfolio.

The current tenant is paying significantly less than market rate because they are renovating the full interior of the building. They have the option to purchase the property at $550,000 during their initial lease term of 24 months, or renew the lease for an additional 2 years.

Situated on 1.41 acres of land, the main building spans 6,840 square feet, providing ample space for various types of operations. The property boasts a brick/block structure and a shingle roof that was updated in 2015. It features forced air cooling and both forced and radiant heating. With a generous ceiling height of 10 feet, the property accommodates various business needs.

Utilities including electric, gas, water, and sewer are readily available, with the added advantage of 3-phase 480V power supply, ideal for heavy power requirements. The property also offers 20 parking spaces for convenient employee and customer access. With 200 feet of road frontage, the property enjoys excellent visibility and accessibility from major roads and highways.

Currently, the property is tenant occupied, presenting a hassle-free investment opportunity. The tenant, a virtual reality gaming venture, operates under an Absolute NNN Lease, providing a stable rental income and minimal landlord responsibilities. The lease is further secured by a personal guarantee from the business owner, who also owns and operates a successful scrap yard in the area.

Located in a desirable industrial park in Kalamazoo, this property allows for a wide range of commercial, industrial, and other permissible uses and will always be in high