$ 1,200,000
122 W South Street Kalamazoo, MI 49007-4711
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$ 1,200,000
Est. payment | /mo
9,354 SqFt
$ 1,200,000
Est. payment | /mo
9,354 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 9,354 sqft
Price per Sqft $128
Subdivision Mi
MLS Listing ID 70395661
Year Built 1900
Annual Tax Amount $8,879
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 52x58
Property Description
This development opportunity is unique as it is surrounded by public alleys on three sides, so future apartments will enjoy abundant natural light. The ground floor hosts a long-standing tenant on a month-to-month lease and an unoccupied retail space, plus an area ideally suited for an elevator shaft. The current owners occupy the top two floors and are willing to remain as tenants, helping to offset holding costs. The basement boasts unusually high ceilings, perfect for tenant storage, and it remains moisture-free due to recent improvements. Renovations in 1987 included insulated double-hung windows, updated mechanical systems, and refreshed finishes on the upper levels. Situated on South Street, a quiet location ideal for high end apartments. Seller financing is available.
Location
State MI
County Kalamazoo
Area Kalamazoo (39022)
Interior
Heating Forced Air
Exterior
Waterfront No
Roof Type Composite
Building
Foundation Basement
Water Public Water
Structure Type Brick,Frame,Wood
Others
Energy Description Natural Gas
Financing Cash,Conventional,Land Contract
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Dover Birch & Associates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "