321 S Kalamazoo Mall, Kalamazoo, MI 49007 (MLS# 25050015)
321 S Kalamazoo Mall, Kalamazoo, MI 49007
$690,000
Property Type:
Commercial Sale
Square Footage:
18,000
Lot Size (sq. ft.):
6,000
Status:
Active
Current Price:
$690,000
List Date:
9/30/2025
Last Modified:
9/30/2025
Overview
Description
Beautiful mixed-use building located in the heart of downtown
Kalamazoo. Upgraded interior finishes. 8% Cap Rate. Building attached to Epic Parking Garage for convenience.
6,000 SF Per 3 floors. Modified Gross Leases. 1st & 2nd floors fully leased by 2 businesses. The LL offers caged storage and partially finished areas. The property benefits from its walking proximity to all that downtown
Kalamazoo has to offer, including restaurants, brewpubs, coffee shops, and retail. Located in the new Tax incentivized Opportunity Zone. Building engineered to add 1 floor on all concrete steel construction. Seller is licensed Broker.
Listing Details MLS# 25050015
Location Property Info
- County
- Kalamazoo
- Street #
- 321
- Street Direction
- S
- Street Name
- Kalamazoo Mall
- State
- MI
- Zip Code
- 49007
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 0.14
- Lot Square Footage
- 6000
- Lot Dimensions
- 56x102
- Year Built
- 1980
- Road Frontage
- 56
- Mineral Rights
- Unknown
- Total # Units
- 3
- # Fin Bldg Lvls
- 3
- Total # Bldgs
- Yes
- Total SqFt
- 18000
- Property Use Type
- Net Leased (nnn)
- Full Baths
- 3
- Waterfront
- No
- School District
- Kalamazoo
Tax Info
- Tax ID #
- on file
- Taxable Value
- 329678
- SEV
- 422200
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 28000
- Tax Year
- 2025
- Spec Assessment & Type
- none
- Zoning
- 201 Commercial
- Homestead %
- 0
Additional Details
- Passenger Elevators
- Yes
- Ceiling Height
- 14
Location & Property Info
- Cross Streets
- south st and mall drive
- Property Sub-Type
- Retail
- Area
- Greater Kalamazoo - K
- Municipality
- Kalamazoo City
More Information
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 38.33
- Prop Avail for Lease?
- No
- Current Bldg Use
- Cage storage lower Retail main and 2nd
Remarks & Misc
- Public Remarks
- Beautiful mixed-use building located in the heart of downtown Kalamazoo. Upgraded interior finishes. 8% Cap Rate. Building attached to Epic Parking Garage for convenience. 6,000 SF Per 3 floors. Modified Gross Leases. 1st & 2nd floors fully leased by 2 businesses. The LL offers caged storage and partially finished areas. The property benefits from its walking proximity to all that downtown Kalamazoo has to offer, including restaurants, brewpubs, coffee shops, and retail. Located in the new Tax incentivized Opportunity Zone. Building engineered to add 1 floor on all concrete steel construction. Seller is licensed Broker.
- Legal
- on file
Street Type
- Paved
- Yes
Property Use
- Net Leased (nnn)
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Bar/Tavern/Lounge
- Yes
- Professional Service
- Yes
- Professional/Office
- Yes
- Restaurant
- Yes
- Retail
- Yes
- Storage
- Yes
Construction Type
- Block
- Yes
- Concrete
- Yes
- Steel
- Yes
Exterior Material
- Brick
- Yes
- Stone
- Yes
Roofing
- Rubber
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- LLC
- Yes
Below Grade
- Basement
- Yes
- Full
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Docs at List Office
- Plat Map
- Yes
- Survey
- Yes
Business Includes
- Real Estate
- Yes
Additional Features
- Barrier Free
- Yes
- Bath Common Area
- Yes
- Expandable
- Yes
- Fire Sprinkler
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Storm Sewer
- Yes
Tenant Pays All
- Electric
- Yes
- Gas
- Yes
Driveway
- None
- Yes
Docs Req Conf Agrmnt
- Financials
- Yes
- Leases
- Yes
- Rent Roll
- Yes
- Site Plan
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
- Tax Def Exchange
- Yes
Possession
- Subject To Tenant Rights
- Yes
Property Features
Property Use:
Net Leased (nnn)
Uses:
Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail; Storage
Ownership:
LLC
Business Includes:
Real Estate
Construction Type:
Block; Concrete; Steel
Exterior Material:
Brick; Stone
Roofing:
Rubber
Below Grade:
Basement; Full
Additional Features:
Barrier Free; Bath Common Area; Expandable; Fire Sprinkler
Tenant Pays All:
Electric; Gas
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St:
Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer
Heat Source:
Natural Gas
Heat Type:
Forced Air
Air Conditioning:
Central Air
Driveway:
None
Street Type:
Paved
Purchase Terms Avail:
Cash; Conventional; Tax Def Exchange
Docs at List Office:
Plat Map; Survey
Docs Req Conf Agrmnt:
Financials; Leases; Rent Roll; Site Plan
Sale Conditions:
None
Possession:
Subject To Tenant Rights
Listing Office:
Vernon Group Realty
Listing Agent:
Matthew T Vernon
Last Updated: September - 30 - 2025
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