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    533 Whitcomb Street

    Kalamazoo, MI 49008
    • $565,000
    • STATUS: Active
    • ON SITE: 81 days
    • MLS #: 21015294
    UPDATED: 38 min ago
    $565,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,316
      SQFT
    • $50
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    School District:

    Description

    Fully leased Investment Property, with several long-term tenants.This three level, six (6) unit office building has been with the same owner since it was built, in 1961, for their Corporate Headquarters. This two story building, has walk-out to front door parking. The building, totaling 11,316 SF, is built with solid construction, has one overhead door for deliveries, storage space in basement for tenants.The building is in a quiet location, yet very convenient being just off Westnedge Avenue and adjacent to Walgreens. Most leases have renewal options with annual increases, however, still will be at continued competitively below market rental rates. Therefore, this investment should competitively stay stable with long-term full occupancy.

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    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-25T18:00:41.247.
    www.c21choward.com/homes/116740083
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    533 Whitcomb Street Kalamazoo, MI 49008

    • Price: $565,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 21015294
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    11,316
    SQFT
    $50
    $/SQFT
    1961
    Built
    Neighborhood:
    Kalamazoo City
    County:
    Kalamazoo
    Area:
    Westnedge Hill
    School District:
    Kalamazoo
    Property Description
    Fully leased Investment Property, with several long-term tenants.This three level, six (6) unit office building has been with the same owner since it was built, in 1961, for their Corporate Headquarters. This two story building, has walk-out to front door parking. The building, totaling 11,316 SF, is built with solid construction, has one overhead door for deliveries, storage space in basement for tenants.The building is in a quiet location, yet very convenient being just off Westnedge Avenue and adjacent to Walgreens. Most leases have renewal options with annual increases, however, still will be at continued competitively below market rental rates. Therefore, this investment should competitively stay stable with long-term full occupancy.
    Exterior Features

    Construction Type Concrete Driveway Paved Exterior Material BrickStone Finished Building Levels 2.00 Ground Level Overhead Doors 1 Lot Dimensions 125' X 165' Number Of Buildings 1.00 Road Frontage 125.00 Street Type PavedPublic Waterfront No

    Interior Features

    Air Conditioning Central Heat Source Natural Gas Heat Type Forced Air Interior Features Bath Common Area Sq Ft Total 11316.00 Tot Bldg Office Sq Ft 11316.00

    Property Features

    Annual Property Tax 9422.66 Association Greater Kalamazoo Association Of Realtors Business Includes Non-Applicable Commercial Type Office New Construction No Sale Conditions None Sewer Public Tax Year 2020 Terms Available Conventional Uses Professional/Office Util Avl At Street CableElectricNatural GasPublic SewerPublic WaterTelephone Utilities Attached ElectricNatural GasTelephone Water Public Zoning Cc

    Listing provided courtesy of Jeff Chrystal of Kalamazoo Commercial Real Estate. © 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: 2021-07-25T18:00:41.247.
     
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