Skip To Content

    519 Mills Street

    Kalamazoo, MI 49001
    • $450,000
    • STATUS: Active
    • ON SITE: 153 days
    • MLS #: 21005202
    UPDATED: 24 min ago
    $450,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,272
      SQFT
    • $105
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1944
    County:

    School Ratings & Info

    School District:

    Description

    Poor Richards Restaurant, Established in 1950! Poor Richards has a solid regular and growing clientele. The building and parking lot have been expanded to accommodate the increasing customer base, seating for 200 people. Sale includes: business, building, land, all equipment, and all collectible artifacts. Modern commercial kitchen has 3 grills with 16 burners, 2 deep fryers, and 2 ovens. Kitchen also includes a walk-in freezer, walk-in cooler, a double door cooler and a large number of additional coolers and freezers. Numerous other cooking equipment and shelving including a 5 compartment steam table, 6 Bunn coffee makers, 2 soup crock pots, 2 soda dispensers and a cappuccino machine. Includes vacant paved parking lot 602 & 608 Mills. New roof 6 yrs ago.

    Monthly Payment Calculator

    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-25T08:00:33.417.
    www.grandrapidsmihomesforsale.com/homes/114397253
    Print Image

    519 Mills Street Kalamazoo, MI 49001

    • Price: $450,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 21005202
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,272
    SQFT
    $105
    $/SQFT
    1944
    Built
    Neighborhood:
    Kalamazoo City
    County:
    Kalamazoo
    Area:
    Downtown S To Crosst
    School District:
    Kalamazoo
    Property Description
    Poor Richards Restaurant, Established in 1950! Poor Richards has a solid regular and growing clientele. The building and parking lot have been expanded to accommodate the increasing customer base, seating for 200 people. Sale includes: business, building, land, all equipment, and all collectible artifacts. Modern commercial kitchen has 3 grills with 16 burners, 2 deep fryers, and 2 ovens. Kitchen also includes a walk-in freezer, walk-in cooler, a double door cooler and a large number of additional coolers and freezers. Numerous other cooking equipment and shelving including a 5 compartment steam table, 6 Bunn coffee makers, 2 soup crock pots, 2 soda dispensers and a cappuccino machine. Includes vacant paved parking lot 602 & 608 Mills. New roof 6 yrs ago.
    Exterior Features

    Construction Type Frame/Wood Driveway Paved Exterior Material Wood Siding Finished Building Levels 1.00 Lot Dimensions 103 X 70 Number Of Buildings 1.00 Road Frontage 173.00 Roofing Rubber Street Type Public Total Parking Spaces 68 Water Access No Waterfront No

    Interior Features

    Air Conditioning CentralWall Unit Below Grade Partial Heat Source Natural Gas Heat Type Forced Air Interior Features Security System

    Property Features

    Annual Maintenance 6754.00 Annual Property Tax 4746.00 Annual Utilities 31725.00 Association Greater Kalamazoo Association Of Realtors Business Includes EquipmentFurnitureInventoryLicensesOtherReal Estate Business Name Poor Richards Commercial Type Retail/Commercial Full Time Employees 9 Gross Operating Inc 725476.00 Management Fees 0.00 Mineral Rights Unknown Net Operating Inc 16823.00 New Construction No Ownership Proprietorship Part Time Employees 1 Property Insurance 7985.00 Sale Conditions None Sewer Public Tax Year 2020 Terms Available CashConventional Total Expenses 388109.00 Uses Restaurant Util Avl At Street CableElectricNatural GasPublic SewerPublic WaterTelephone Utilities Attached ElectricNatural GasTelephone Water Public

    Listing provided courtesy of Stephen D Mattingly of Keller Williams Kalamazoo Market Center. © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-25T08:00:33.417.
     
    https://bt-photos.global.ssl.fastly.net/swmich/orig_boomver_1_21005202-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/orig_boomver_1_21005202-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/orig_boomver_1_21005202-2.jpg
    Logo
    JH Realty Partners
    545 Ada Drive
    Ada MI, 49301