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    321 S Kalamazoo Mall

    Kalamazoo, MI 49007
    • $850,000
    • STATUS: Active
    • ON SITE: 202 days
    • MLS #: 21000137
    UPDATED: 16 min ago
    $850,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,000
      SQFT
    • $47
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    School District:

    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.

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    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-26T20:00:08.203.
    www.grandrapidsmihomesforsale.com/homes/112985302
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    321 S Kalamazoo Mall Kalamazoo, MI 49007

    • Price: $850,000
    • Status: Active
    • Updated: 16 min ago
    • MLS #: 21000137
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    18,000
    SQFT
    $47
    $/SQFT
    1980
    Built
    Neighborhood:
    Kalamazoo City
    County:
    Kalamazoo
    Area:
    Downtown S To Crosst
    School District:
    Kalamazoo
    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.
    Exterior Features

    Construction Type BlockConcreteSteel Driveway None Exterior Material BrickStone Finished Building Levels 3.00 Lot Dimensions 56X102 Number Of Buildings 1.00 Road Frontage 56.00 Roofing Rubber Street Type Paved Waterfront No

    Interior Features

    Air Conditioning Central Below Grade BasementFull Ceiling Height 14 Heat Source Natural Gas Heat Type Forced Air Interior Features Barrier FreeBath Common AreaExpandableFire Sprinkler Passenger Elevators 1 Rentable Other Sq Ft 6000.00 Rentable Retail Sq Ft 12000.00 Tot Bldg Sq Ft Gross 18000.00

    Property Features

    Annual Property Tax 23000.00 Association Greater Kalamazoo Association Of Realtors Business Includes Real Estate Commercial Type Retail/Commercial Current Use Cage Storage Lower Retail Main And 2nd Documents Plat MapSurvey Documents Req Conf Agreement FinancialsLeasesRent RollSite Plan Mineral Rights Unknown New Construction No Ownership Llc Sale Conditions None Sewer Public Tax Year 2020 Tenant Pays ElectricGas Terms Available CashConventionalTax Def Exchange Uses Bar/Tavern/LoungeProfessional ServiceProfessional/OfficeRestaurantRetailStorage Util Avl At Street CableElectricNatural GasPublic SewerPublic WaterStorm SewerTelephone Utilities Attached CableElectricNatural GasTelephone Water Public Zoning 201 Commercial

    Listing provided courtesy of Matthew T Vernon of Vernon Group Realty. © 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: 2021-07-26T20:00:08.203.
     
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    JH Realty Partners
    545 Ada Drive
    Ada MI, 49301