$480,000
$520,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
5,153 SqFt
SOLD DATE : 06/21/2024
Key Details
Sold Price $480,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,153 sqft
Price per Sqft $93
Municipality Kalamazoo City
MLS Listing ID 23017431
Sold Date 06/21/24
Full Baths 2
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 2000
Annual Tax Amount $12,306
Tax Year 2023
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions Irregular
Property Description
This unique retail asset is perfectly positioned between Western Michigan University's campus and Drake Road, a critical retail, office and multi-family corridor located in Kalamazoo's very popular and growing west side. Currently there is one tenant occupying just shy of 40% of the building. That lease could be re-positioned as it's month to month, or a user could occupy the remaining 60%+. Perfect opportunity for an investor to stabilize or an operator to move in!
Location
State MI
County Kalamazoo
Area Greater Kalamazoo - K
Direction Located on KL Avenue between Little Drive & Michigan Avenue
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Exterior
Utilities Available Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Building
Building Description Vinyl Siding, Bath Common Area
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
School District Kalamazoo
Others
Tax ID 06-19-358-001
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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