Address
321 S Kalamazoo Mall, Kalamazoo, MI
Price
$ 850,000
Property Attributes
  • MLS#21000137
  • TypeCommercial
  • MunicipalityKalamazoo City
  • CountyKALAMAZOO
  • CityKalamazoo
  • AreaKalamazoo City
  • NeighborhoodKalamazoo City
  • Zip49007
  • StyleRetail/Commercial
  • Year Built1980
  • Taxes$ 23000
  • Price$ 850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18000
  • Lot Size5,998 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

Beautiful mixed-use building located in the heart of downtownKalamazoo. Upgraded interior finishes. 8% Cap Rate. Building attached to Epic Parking Garage for convenience. 6,000 SF Per 3 floors. Modified Gross Leases. 1st & 2nd floors fully leased by 2 businesses. The LL offers caged storage and partially finished areas. The property benefits from its walking proximity to all that downtownKalamazoo has to offer, including restaurants, brewpubs, coffee shops, and retail. Located in the new Tax incentivized Opportunity Zone. Building engineered to add 1 floor on all concrete steel construction. Seller is licensed Broker.

Price History
1/4/2021 Listed $850,000

General Features

Additional Features Barrier Free, Bath Common Area, Expandable, Fire Sprinkler
Business Includes Real Estate
Current Bldg Use Cage storage lower Retail main and 2nd
Heating Forced Air
Homestead % 0.00
New Construction No
Road Frontage 56.00
Roof Rubber
School District Kalamazoo
Sewer Public
Sub-area K09 - Dntown S To Crosstown
Uses Bar/Tavern/Lounge, Professional Service, Professional/Office, Restaurant, Retail, Storage
Water Public
Zoning 201 Commercial

Interior Features

Air Conditioning Central Air
Heat Source Natural Gas

Exterior Features

Construction Type Block, Concrete, Steel
Driveway None
Exterior Brick, Stone
Mineral Rights Unknown
Total # Bldgs 1.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 49007

Price
AVG $790K
$850K
Taxes
AVG $12,574
$23,000
Visits
AVG 80
124
Year Built
AVG 1944
1980
Walkscore
AVG 90
93
Data Provided by Walkscore ® not using MLS data

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