Seller Financing
Address
122 W South Street, Kalamazoo, MI
Price
$ 1,200,000
Property Attributes
- MLS#24013198
- TypeCommercial
- CountyKALAMAZOO
- CityKalamazoo
- AreaKalamazoo City
- NeighborhoodKalamazoo City
- Zip49007
- StyleRetail/Commercial
- Year Built1900
- Taxes$ 8879
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Lot Size0.09 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
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.
| Price History | |
|---|---|
| 3/19/2024 | Listed $1,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Available,Broadband Available,Phone Connected,Natural Gas Connected,Electric Connected |
| Roof | Composition |
| Construction Materials | Brick |
| Year Built | 1900 |
| Township | Kalamazoo City |
| Property SubType | Retail/Commercial |
| Tax Year | 2023 |
| Business Type | Professional/Office,Professional Service,Restaurant,Bar/Tavern/Lounge,Retail |
| County | Kalamazoo |
| New Construction | No |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | From South Street & the Kalamazoo Mall,west to property |
| City | Kalamazoo |
| Body of Water | SHARPS LAKE |
| High School District | Kalamazoo |
| Zoning Description | D-1 |
| Total Units | 3 |
| MLS Area | Greater Kalamazoo - K |
| Lot Size Square Feet | 3920.0 |
| Waterfront Y/N | No |
| Street Name | South |
| Land Lease Y/N | No |
| Tax Annual Amount | 8879.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Greater Kalamazoo - K |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Days on Market | 69 |
| Standard Status | Active |
| Tax Assessed Value | 124543 |
| MobileHomeRemainsYN | No |
| Legal Description | See attached legal desription |
| Senior Community | None |
Interior Features
| Total Fireplaces | 1 |
|---|---|
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Full Baths | 4 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
| Total Baths | 4 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | {u'Non-Applicable': True} |
| Lot Size Area | 0.09 |
| Foundation Details | Block |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 9354.0 |
| Lot Dimensions | 52x58 |
| Lot Size Acres | 0.09 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49007
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 28, 2024 11:29 AM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
