HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 1,200,000

Est. payment -/mo

Save

Active

122 W South Street Kalamazoo, MI 49007

9,354 SqFt

UPDATED:

07/22/2024 01:36 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,354 sqft

Price per Sqft $128

MLS Listing ID 66024013198

Originating Board Greater Kalamazoo Association of REALTORS�

Year Built 1900

Annual Tax Amount $8,879

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 52x58

Property Description

This development opportunity is unique as it is surrounded by public alleys on three sides, so future apartments will enjoy abundant natural light. The ground floor hosts a long-standing tenant on a month-to-month lease and an unoccupied retail space, plus an area ideally suited for an elevator shaft. The current owners occupy the top two floors and are willing to remain as tenants, helping to offset holding costs. The basement boasts unusually high ceilings, perfect for tenant storage, and it remains moisture-free due to recent improvements. Renovations in 1987 included insulated double-hung windows, updated mechanical systems, and refreshed finishes on the upper levels. Situated on South Street, a quiet location ideal for high end apartments. Seller financing is available.

Location

State MI

County Kalamazoo

Area Kalamazoo

Zoning Commercial,Office,Residential

Direction From South Street & the Kalamazoo Mall, west to property

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Roof Type Composition

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick,Frame,Wood

Schools

School District Kalamazoo

Others

Tax ID 0615391001

Acceptable Financing Cash, Contract, Conventional, Lease

Rebuilt Year 1987

Listing Terms Cash, Contract, Conventional, Lease

Financing Cash,Contract,Conventional,Lease

Special Listing Condition Unknown/Data Share Listings

Listed by Dover Birch & Associates

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

GET MORE INFORMATION

QUICK SEARCH

Homes For Sale in Detroit, MI