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$4,100,000
Est. payment /mo
20 Baths
129,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 129,780 sqft
Price per Sqft $31
MLS Listing ID 66025002919
Year Built 1970
Lot Size 0.780 Acres
Acres 0.78
Property Description
This prime asset is located one building from the corner of Rose Street and Michigan Avenue (Kalamazoo's Main & Main). Numerous downtown amenities are within walking distance from the building, including restaurants, libraries, hotels, higher-education campuses, and Kalamazoo's Entertainment District. A new downtown arena is under construction two blocks to the north. The layout and location of this building leaves it prime for a repositioning play incorporating residential housing. The building's elevator banks, stairs, and common-area bathrooms are all located in the central core of the building, leaving ample window space available for views and natural light. The building features 20' column spacing, high ceilings, and approximately 14,000 square feet of floorplates.The building offers views of Bronson Park to the West, and the Eastern view showcases the outdoor Kalamazoo Mall. The asset has several long-term office tenants, which provides stable cash flow while the asset is repositioned. There are also three vacant floors ready for construction.
Location
State MI
County Kalamazoo
Area Area39062Kalamazoo
Interior
Heating NaturalGas, Steam
Fireplace No
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected
View Y/N No
Building
Sewer PublicSewer, StormDrain
Water Public
New Construction No
Schools
High Schools Kalamazoo
School District Kalamazoo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Marc R Tourangeau of Jaqua, REALTORS Commercial
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