500 E Butler Ct

Fully Leased Investment Property now available for purchase. This property is a mixed-use building offering an 8,000+ office suite and five residential apartments priced at a 7.2% cap-rate. Financials available upon signing a non-disclosure agreement. Located in the heart of River’s Edge, Kalamazoo’s best Live, Work, Play, Eat, and Shop area is the Norbirdge 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 office suite is the definition of “cool” with an industrial feel designed for Tenant’s 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, Elysium Restaurant, Green Door Distilling, Brewery Outre, 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.