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321 S Kalamazoo Mall

Kalamazoo, MI 49007
  • $850,000
  • STATUS: Active
  • ON SITE: 377 Days
  • MLS #: 21000137
UPDATED: 23 min ago
$850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 3
    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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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-01-17T11:01:17.287.
www.c21choward.com/homes/112985302
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321 S Kalamazoo Mall Kalamazoo, MI 49007

  • Price: $850,000
  • Status: Active
  • On Site: 377 Days
  • Updated: 23 min ago
  • MLS #: 21000137
0
Beds
3
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 Air 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 Auction Or For Sale For Sale 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 Homestead Percentage 0.00 Mineral Rights Unknown New Construction No Ownership Llc Possession Subject To Tenant Rights 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. © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-01-17T11:01:17.287.
 
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