1500 Fraternity Village Drive, Kalamazoo, MI 49006 (MLS# 25059867)

1500 Fraternity Village Drive, Kalamazoo, MI 49006

$1,500,000

Property Type: Commercial Sale Square Footage: 8,772 Lot Size (sq. ft.): 48,352 Status: Active

Current Price: $1,500,000 List Date: 11/25/2025 Last Modified: 12/13/2025

Description

This property has been leased to a sorority for the past 18 years and offers exceptional income potential. The residence features 16 bedrooms plus a dedicated house-mother suite, a commercial-grade kitchen, and on-site laundry facilities. Recent upgrades include a new roof and laminate flooring throughout. With its large capacity and institutional-grade amenities, this property is ideal for group housing, student living, or continued sorority/fraternity use. - See attached floor plan. Seller is a licensed Real Estate Broker in the State of Michigan.

More Information MLS# 25059867

Location & Property Info

Cross Streets: W Michigan & End Property Sub-Type: Business Opportunity Municipality: Kalamazoo City

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 171 Prop Avail for Lease?: No

General Property Info

New Construction: No Lot Dimensions: 151 x 323 x 149 x 320 Road Frontage: 151 Waterfront: No Total # Units: 1 Total # Bldgs: 1 # Fin Bldg Lvls: 8772 Total SqFt: 8772 School District: Kalamazoo Lot Measurement: Acres Lot Acres: 1.11 Lot Square Footage: 48352 Year Built: 1998 Full Baths: 8

Tax Info

Taxable Value: 369834 SEV: 481300 For Tax Year: 2025 Seller's Annual Property Tax: 24647 Tax Year: 2024 Homestead %: 0 Spec Assessment & Type: None Known Tax ID #: 06-20-355-017

Remarks & Misc

Public Remarks: This property has been leased to a sorority for the past 18 years and offers exceptional income potential. The residence features 16 bedrooms plus a dedicated house-mother suite, a commercial-grade kitchen, and on-site laundry facilities. Recent upgrades include a new roof and laminate flooring throughout. With its large capacity and institutional-grade amenities, this property is ideal for group housing, student living, or continued sorority/fraternity use. - See attached floor plan. Seller is a licensed Real Estate Broker in the State of Michigan. Legal: FRATERNITY VILLAGE LOT 17

Income and Expenses

Annual Maint ($): 5000 Annual Mgt Fees ($): 5800 Annual Prop Ins ($): 7000 Annual Utilities ($): 26000 Gross Op Income ($): 140800 Net Operating Income: 97000 Operating Expense: 43800

Street Type

Paved: 1 Public: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Other: 1

Construction Type

Frame/Wood: 1

Exterior Material

Aluminum Siding: 1 Brick: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Below Grade

Full: 1

Heat Type

Forced Air: 1

Air Conditioning

Central Air: 1

Business Includes

Other: 1

Util Avail at St

Cable Available: 1 Electricity Available: 1 High Speed Internet: 1 Natural Gas Available: 1 Storm Sewer: 1

Tenant Pays All

Electric: 1 Gas: 1 Sewer: 1 Trash: 1 Water: 1

Driveway

Paved: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Location Property Info

County: Kalamazoo Street #: 1500 Street Name: Fraternity Village Suffix: Drive State: MI Zip Code: 49006 Zip (4): 5937 Area: Greater Kalamazoo - K

OfficeContract Info

Status: Active Current Price: $1,500,000 List Price: $1,500,000 Listing Date: 2025-11-25

Remarks Misc

Directions: West on W. Michigan from Howard, South on Fraternity Village Dr. to Sorority

Property Features

Uses: Other Business Includes: Other Construction Type: Frame/Wood Exterior Material: Aluminum Siding; Brick Roofing: Composition Below Grade: Full Tenant Pays All: Electric; Gas; Sewer; Trash; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None

Listing Office: Berkshire Hathaway HomeServices MI

Listing Agent: Dave A Schnelker

Last Updated: December - 13 - 2025

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