$490,000
$569,900
14.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
5,808 SqFt
SOLD DATE : 12/19/2024
Key Details
Sold Price $490,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,808 sqft
Price per Sqft $84
Municipality Kalamazoo City
MLS Listing ID 23030909
Sold Date 12/19/24
Full Baths 2
Year Built 1964
Annual Tax Amount $13,000
Tax Year 2022
Lot Size 6,970 Sqft
Acres 0.16
Lot Dimensions 43x156.75
Property Description
Here's your once-in-a-generation opportunity to own property on the prime block of the Kalamazoo Mall. This 5,800 SF, single-story retail building has been meticulously maintained by an owner-occupant: the roof, HVAC, electric service, and entry doors have all been replaced in the last 10 years. Per the owner, the building was built on the original foundations in 1964 by Miller Davis and is constructed of steel and concrete. The basement is dry and perfect for storage, with a concrete floor and sprinkler system. There are 4+ parking spaces at the back door. This would make an excellent redevelopment opportunity: you could go vertical with apartments; divide the retail into smaller units; use the basement for storage...or maybe a speakeasy. This property has endless possibilities.
Location
State MI
County Kalamazoo
Area Greater Kalamazoo - K
Direction Parking available behind the building.
Interior
Heating Forced Air
Cooling Central Air
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Broadband
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction No
Schools
School District Kalamazoo
Others
Tax ID 06-15-386-230
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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