For Sale - $1,200,000

BAR | RESTAURANT | NIGHTCLUB FOR SALE - $1,200,000

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. AGENT INFORMATION The offering includes the Business, FF&E, and the Real Estate. Andrew Gyorkos The liquor license (Class C) and liquor inventory is available [email protected] separately. T.J. Ward Offers will be considered exclusively through Kalamazoo [email protected] Commercial Real Estate. Please do not contact or approach the owner or employees about this offering. Office: 269-888-2755 Must sign a Non-Disclosure Agreement as well as authorize a 921 S. Burdick Street credit check for any further financial information. Kalamazoo, MI 49001

921 South Burdick, Kalamazoo, MI 49001 | 269-888-2755 FOR SALE 711 West Michigan Avenue Kalamazoo, Michigan

OFFERING INFORMATION

The BUILDING Building Size: 7,708 SF + Outdoor Patio/Bar Signage: Pylon Sign with Digital Board Property Size: .908 Acres Building Signage Bathrooms: 4 ADA Compliant Occupancy: 250 Persons - Up and Under Flooring: Tile/Carpet/Polished Concrete 350 Persons - Boomerangs HVAC: 3 Lennox & 2 Trane ~10 yrs old 100 Persons - Outdoor Patio All HVAC Professionally Serviced Number of Stories: 1 Exterior: Block/Brick Roof: Up & Under - 2017 Duralast White Rubber Membrane - 30 Year Life Standing seam Galv-Aluminium Metal Roof Boomerangs - 2008 Rubber Roof - 30 Years Life Sale Price: $1,200,000

The PROPERTY Location: 711 West Michigan Avenue City, State: Kalamazoo, Michigan Zoning: City of Kalamazoo: Commercial 201 Tax Parcel: 06-16-481-100 Parking: 74 Owned Parking Spaces On Site, also Located in Parking Exempt Zone

The AREA - 3 Mile Demographic Highlights Population: 88,803 Median Age: 29.8 Average HH Income: $54,771 Traffic Counts: West Michigan Ave 22,390 ADT I-94: Bus. Loop 26,251 ADT

Grand Rapids Lansing

Detroit

Kalamazoo/Portage

The information contained in this offering is believed to be accurate, but remains subject to errors, omissions, and/ or withdrawal without prior notice. Prospective buyers Kalamazoo should complete their own due diligence and should COMMERCIAL REAL ESTATE not rely on seller-provided materials or representations. FOR SALE 711 West Michigan Avenue Kalamazoo, Michigan

NORTH SIDE NEIGHBORHOOD

AMTRAK BELL’S STATION BREWERY STEWART NEIGHBORHOOD KALAMAZOO COMMUNITY COLLEGE HENDERSON RADISSON CASTLE PLAZA HOTEL

KALAMAZOO COLLEGE KALAMAZOO INSTITUTE OF ARTS WMU SCHOOL OF MEDICINE KALAMAZOO STATE THEATRE

VINE NEIGHBORHOOD BRONSON WESTERN MICHIGAN HOSPITAL UNIVERSITY

WEST MAIN STREET

WEST MICHIGAN AVENUE

WALGREENS

SUBJECT PROPERTY

WEST MICHIGAN AVENUE

COMFORT INN

ACADEMY STREET FOR SALE 711 West Michigan Avenue Kalamazoo, Michigan

STORE FRONT UP & UNDER - MAIN BAR

UP & UNDER - BILLIARDS AREA UP & UNDER - GAME ROOM

UP & UNDER - OUTDOOR PATIO UP & UNDER - OUTDOOR BAR FOR SALE 711 West Michigan Avenue Kalamazoo, Michigan

BOOMERANG’S - STAGE & DANCE FLOOR BOOMERANG’S - BAR

BOOMERANG’S - BAR & LOUNGE 34 TAPS IN THREE DIFFERENT LOCATIONS

BEER COOLER COMMERCIAL KITCHEN FOR SALE 711 West Michigan Avenue Kalamazoo, Michigan

DEMOGRAPHICS: POPULATION BY AGE

Radius 1 Mile 3 Mile 5 Mile Population 2023 Projection 15,671 91,025 155,321 2018 Estimate 15,286 88,803 151,456 2010 Census 14,707 85,593 145,557

Growth 2018 - 2023 2.52% 2.50% 2.55% Growth 2010 - 2018 3.94% 3.75% 4.05%

2018 Population by Age 15,286 88,803 151,456 Age 0 - 4 1,289 8.43% 6,975 7.85% 11,284 7.45% Age 5 - 9 977 6.39% 5,860 6.60% 9,759 6.44% Age 10 - 14 770 5.04% 5,181 5.83% 8,898 5.87% Age 15 - 19 867 5.67% 5,722 6.44% 9,675 6.39% Age 20 - 24 2,087 13.65% 10,994 12.38% 17,112 11.30% Age 25 - 29 2,130 13.93% 10,171 11.45% 15,500 10.23% Age 30 - 34 1,603 10.49% 7,742 8.72% 12,166 8.03% Age 35 - 39 1,161 7.60% 6,130 6.90% 10,116 6.68% Age 40 - 44 813 5.32% 4,866 5.48% 8,432 5.57% Age 45 - 49 645 4.22% 4,164 4.69% 7,523 4.97% Age 50 - 54 610 3.99% 3,969 4.47% 7,402 4.89% Age 55 - 59 609 3.98% 3,966 4.47% 7,529 4.97% Age 60 - 64 553 3.62% 3,670 4.13% 7,104 4.69% Age 65 - 69 444 2.90% 3,043 3.43% 5,984 3.95% Age 70 - 74 302 1.98% 2,211 2.49% 4,434 2.93% Age 75 - 79 184 1.20% 1,506 1.70% 3,097 2.04% Age 80 - 84 116 0.76% 1,096 1.23% 2,268 1.50% Age 85+ 128 0.84% 1,539 1.73% 3,171 2.09%

Age 65+ 1,174 7.68% 9,395 10.58% 18,954 12.51%

Median Age 28.90 29.80 31.40 Average Age 31.60 33.50 35.10

DEMOGRAPHICS: POPULATION & INCOME

Radius 1 Mile 3 Mile 5 Mile Population 2023 Projection 15,671 91,025 155,321 2018 Estimate 15,286 88,803 151,456 2010 Census 14,707 85,593 145,557 Growth 2018 - 2023 2.52% 2.50% 2.55% Growth 2010 - 2018 3.94% 3.75% 4.05% 2018 Population by Hispanic Origin 925 6,476 9,487 2018 Population 15,286 88,803 151,456 White 9,385 61.40% 61,468 69.22% 111,834 73.84% Black 4,689 30.68% 20,620 23.22% 27,711 18.30% Am. Indian & Alaskan 129 0.84% 554 0.62% 888 0.59% Asian 295 1.93% 2,019 2.27% 4,398 2.90% Hawaiian & Pacific Island 14 0.09% 56 0.06% 107 0.07% Other 775 5.07% 4,086 4.60% 6,518 4.30% U.S. Armed Forces 0 15 56

Households 2023 Projection 6,076 36,258 64,306 2018 Estimate 5,922 35,342 62,656 2010 Census 5,680 33,913 59,987 Growth 2018 - 2023 2.60% 2.59% 2.63% Growth 2010 - 2018 4.26% 4.21% 4.45% Owner Occupied 1,567 26.46% 16,384 46.36% 31,594 50.42% Renter Occupied 4,355 73.54% 18,958 53.64% 31,063 49.58%

2018 Households by HH Income 5,922 35,341 62,655 Income: <$25,000 2,173 36.69% 11,133 31.50% 17,404 27.78% Income: $25,000 - $50,000 1,958 33.06% 10,035 28.39% 17,364 27.71% Income: $50,000 - $75,000 813 13.73% 6,239 17.65% 11,783 18.81% Income: $75,000 - $100,000 416 7.02% 3,517 9.95% 6,974 11.13% Income: $100,000 - $125,000 178 3.01% 1,837 5.20% 4,050 6.46% Income: $125,000 - $150,000 133 2.25% 982 2.78% 1,726 2.75% Income: $150,000 - $200,000 120 2.03% 758 2.14% 1,741 2.78% Income: $200,000+ 131 2.21% 840 2.38% 1,613 2.57% 2018 Avg Household Income $47,504 $54,771 $59,176 2018 Med Household Income $32,877 $39,645 $44,354

DEMOGRAPHICS: TRAFFIC COUNTS

Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 W Michigan Ave S Westnedge Ave 0.08 E 2012 22,390 MPSI .09 2 I- 94 Bus Lp Allen Blvd 0.04 W 2016 26,251 MPSI .09 3 Allen Blvd Eleanor St 0.04 N 2016 9,100 MPSI .10 4 W South St S Westnedge Ave 0.06 E 2016 3,009 MPSI .14 5 W Lovell St Pearl St 0.03 E 2016 4,805 MPSI .18 6 N Westnedge Ave Eleanor St 0.03 S 2011 10,500 AADT .25 7 Douglas Ave W Main St 0.04 S 2016 15,726 MPSI .34 8 Douglas Ave W Kalamazoo Ave 0.00 N 2016 13,400 MPSI .37 9 W Michigan Ave W Lovell St 0.06 NE 2012 20,280 MPSI .38 10 I- 94 Bus Lp Eddies Ln 0.04 NE 2016 21,800 MPSI .38