Kalamazoo, Michigan, is a city that boasts a unique blend of educational institutions, cultural attractions, and economic diversity, making it an ideal location for restaurants for lease. With Western Michigan University, Kalamazoo College, and Kalamazoo Valley Community College, the city attracts a diverse population of students, faculty, and staff. The presence of major corporations like Gibson Guitar Corporation, Allied Paper Corporation, and Checker Motors Company adds to the city's economic vibrancy. Additionally, Kalamazoo's location on the southwest bank of the Kalamazoo River, with its scenic views and outdoor recreational opportunities, makes it an attractive destination for tourists and locals alike. The city's infrastructure, including the Kalamazoo/Battle Creek International Airport, Amtrak rail service, and bus services, ensures easy accessibility and connectivity. With its rich cultural scene, featuring institutions like the Kalamazoo Institute of Arts, the Kalamazoo Valley Museum, and the Gilmore Car Museum, Kalamazoo offers a unique and exciting environment for restaurants to thrive.
Kalamazoo's restaurant scene is poised for growth, with 7 restaurants for lease available in the city. With average annual rent per square foot at $25 USD and average space size at 4,631 square feet, restaurateurs can find the perfect location to suit their needs. In addition to restaurants, Kalamazoo also offers a range of other commercial properties, including retail space, commercial real estate, and flex space. Retail space is available for lease, offering opportunities for businesses to capitalize on the city's foot traffic. Commercial real estate options are also plentiful, providing a range of choices for businesses looking to establish a presence in Kalamazoo. Flex space, with its versatility and adaptability, is another attractive option for businesses seeking to lease property in the city. With its unique blend of education, culture, and commerce, Kalamazoo is an ideal location for restaurants and other businesses to thrive.
How are restaurant leases typically structured?
In Kalamazoo, restaurant leases are typically structured with an average annual rent of $25 USD per square foot, with an average size of 4,631 square feet, and a maximum space size of 10,000 square feet. These leases often have a term of 5-10 years, with options for renewal, and may include provisions for rent increases, maintenance responsibilities, and signage restrictions.
What kitchen equipment is usually included in restaurant leases?
When it comes to restaurant leases in Kalamazoo, Michigan, the kitchen equipment usually included can vary depending on the specific property and landlord. However, common items that may be included are commercial-grade appliances such as ovens, refrigerators, and dishwashers, as well as cooking equipment like stoves, fryers, and grills, which can help restaurateurs get started with their business.
