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Kalamazoo,MI 49007
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 129,780 sqft
Price per Sqft $31
MLS Listing ID 25002919
Full Baths 20
Year Built 1970
Annual Tax Amount $207,367
Tax Year 2024
Lot Size 0.780 Acres
Property Sub-Type Office
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. 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 Greater Kalamazoo - K
Interior
Heating Steam
Inclusions Non-Applicable
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Water Available,Sewer Available,Storm Sewer,Broadband
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Kalamazoo
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash