711 W Michigan Avenue, Kalamazoo, MI 49007 (MLS# 21112386)
711 W Michigan Avenue, Kalamazoo, MI 49007
$1,200,000
Property Type:
Commercial Sale
Square Footage:
7,708
Lot Size (sq. ft.):
39,640
Status:
Sold
Current Price:
$1,200,000
List Date:
10/26/2021
Last Modified:
10/26/2021
Description
COMP ONLY. RUGGER'S UP & UNDER has been a top destination for fun in Downtown Kalamazoo since 1994. The property is well situated within 1/4 Mile from Western Michigan University, Kalamazoo College, Kalamazoo Valley Community College, and the city's Central Business District. The property features over 7,700 SF of entertainment space with 102 beer taps, full kitchen, outdoor patio, and is located on just under an acre, with 74 on-site parking spaces.
The offering includes the Business, FF&E, and the Real Estate. The liquor license (Class C) and liquor inventory is available separately.
Offers will be considered exclusively through Kalamazoo Commercial Real Estate. Please do not contact or approach the owner or employees about this offering.
More Information MLS# 21112386
Location & Property Info
Cross Streets: W Michigan & Allen
Property Sub-Type: Retail
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 155.68
Prop Avail for Lease?: No
Current Bldg Use: Bar/Restaurant/Nightclub
General Property Info
New Construction: No
Lot Dimensions: 271 x 141
Road Frontage: 280
Waterfront: No
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 7708
School District: Kalamazoo
Lot Measurement: Acres
Lot Acres: 0.91
Lot Square Footage: 39640
Year Built: 1970
Full Baths: 4
Tax Info
Taxable Value: 547350
SEV: 693300
For Tax Year: 2021
Seller's Annual Property Tax: 38201
Tax Year: 2021
Homestead %: 0
Spec Assessment & Type: None known.
Non-Conforming Use: No
Tax ID #: 06-16-481-100
Remarks & Misc
Legal: On file
Status Change Info
Sold Price/SqFt: 155.68
Under Contract Date: 2021-07-01
Sold Date: 2021-07-27
Sold Price: $1,200,000
Additional Details
Total Parking Spaces: 74
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Investment: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Restaurant: 1
Construction Type
Block: 1
Roofing
Metal: 1
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Traffic Study: 1
Business Includes
Equipment: 1
Furniture: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Driveway
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Location Property Info
County: Kalamazoo
Street #: 711
Street Direction: W
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 49007
Zip (4): 4518
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Sold
Current Price: $1,200,000
List Price: $1,200,000
Listing Date: 2021-01-01
Remarks Misc
Directions: S Westnedge Ave, West on Academy St. Property is on the north side of road.
Property Features
Property Use: Business; Investment
Uses: Bar/Tavern/Lounge; Restaurant
Business Includes: Equipment; Furniture
Construction Type: Block
Roofing: Metal; Rubber
Below Grade: None
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo; Traffic Study
Sale Conditions: None
Listing Office:
Kalamazoo Commercial Real Estate
Listing Agent:
TJ Ward
Last Updated: October - 26 - 2021
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