, Kalamazoo, MI 49007 (MLS# 25002919)

Kalamazoo, MI 49007

$4,100,000
Property Type: Commercial Sale Square Footage: 129,780 Lot Size (sq. ft.): 33,977 Status: Active
Current Price: $4,100,000 List Date: 1/24/2025 Last Modified: 3/18/2025

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.

Supplements: 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.

More Information MLS# 25002919

Location Property Info

County: Kalamazoo State: MI Zip Code: 49007 Area: Greater Kalamazoo - K

OfficeContract Info

Status: Active Current Price: $4,100,000 List Price: $4,100,000 Listing Date: 2025-01-24

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.78 Lot Square Footage: 33977 Lot Dimensions: 215' x 157' Year Built: 1970 Road Frontage: 215 Total # Units: 1 # Fin Bldg Lvls: 10 Total # Bldgs: 1 Total SqFt: 129780 Full Baths: 20 Waterfront: No School District: Kalamazoo

Tax Info

Taxable Value: 2912686 SEV: 3904500 For Tax Year: 2024 Annual Property Tax: 207367 Tax Year: 2024 Spec Assessment & Type: None known

Remarks Misc

Directions: Heading into downtown on AmVets Parkway, turn right onto S Rose St, second building on the left

Additional Details

Passenger Elevators: 4

Property Features

Uses: Other Business Includes: Non-Applicable Construction Type: Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Broadband; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Steam Purchase Terms Avail: Cash; Conventional Sale Conditions: None
Listing Office: Jaqua, REALTORS Commercial
Listing Agent: Marc Tourangeau
Last Updated: March - 18 - 2025
Kalamazoo, MI 49007- MLS# 25002919
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