202 S Kalamazoo, Kalamazoo, MI 49007 (MLS# 23030909)

202 S Kalamazoo, Kalamazoo, MI 49007

$490,000

Property Type: Commercial Sale Square Footage: 5,808 Lot Size (sq. ft.): 6,970 Status: Sold

Current Price: $490,000 List Date: 8/21/2023 Last Modified: 12/20/2024

Overview

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.

Listing Details MLS# 23030909

Location Property Info

County: Kalamazoo
Street #: 202
Street Direction: S
Street Name: Kalamazoo
State: MI
Zip Code: 49007
Zip (4): 4875

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.16
Lot Square Footage: 6970
Lot Dimensions: 43x156.75
Year Built: 1964
Road Frontage: 43
Total # Units: Yes
# Fin Bldg Lvls: Yes
Total # Bldgs: Yes
Total SqFt: 5808
Total Net SqFt: 5808
Full Baths: 2
Waterfront: No
School District: Kalamazoo

Tax Info

Tax ID #: 06-15-386-230
Taxable Value: 193144
SEV: 260900
For Tax Year: 2022
Seller's Annual Property Tax: 13000
Tax Year: 2022
Spec Assessment & Type: Mall Maintenance
Zoning: D-1
Homestead %: 0

Remarks Misc

Directions: Parking available behind the building.

Status Change Info

Under Contract Date: 2024-09-13
Sold Date: 2024-12-19
Sold Price/SqFt: 84.37

More Information

Location & Property Info

Cross Streets: W South St. & Michigan Ave.
Property Sub-Type: Retail
Area: Greater Kalamazoo - K
Municipality: Kalamazoo City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 98.12
Prop Avail for Lease?: No

Remarks & Misc

Legal: On file

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Bar/Tavern/Lounge: Yes
Restaurant: Yes
Retail: Yes

Construction Type

Concrete: Yes
Steel: Yes

Exterior Material

Stucco: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Below Grade

Basement: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Non-Applicable: Yes

Foundation

Brick/Mortar: Yes

Util Avail at St

High Speed Internet: Yes

Send to Econ Dev Org

MEDC: Yes
SWMI First, Region 5: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Property Features

Uses: Bar/Tavern/Lounge; Restaurant; Retail Business Includes: Non-Applicable Construction Type: Concrete; Steel Exterior Material: Stucco Foundation: Brick/Mortar Below Grade: Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: High Speed Internet Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Purchase Terms Avail: Cash; Conventional Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5

Listing Office: Dover Birch & Associates

Listing Agent: Rob Peterson

Last Updated: December - 20 - 2024

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