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    1500 Fraternity Village Dr Kalamazoo, MI 49006

    For Sale
    $1,500,000

    COMMERCIAL - Kalamazoo, MI

    Property size:
    8,772 SF
    Lot size:
    1.11 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 1500 Fraternity Village Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 6, Bathroom 7, Bathroom 1, Bathroom 5, Bathroom 8, Bathroom 2, Bathroom 4, Bathroom 3
    Bathrooms
    8
    APN
    06-20-355-017
    Interior features
    Broadband
    Size
    8,772 SF
    Lot size
    1.11 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Number of units
    1
    Building materials
    Aluminum Siding, Brick
    Roof type
    Composition

    Berkshire Hathaway HomeServices MI (269) 344-8599

    Listing agent Dave A Schnelker (269) 488-3846

    Listing date Nov 25, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kalamazoo Multifamily Investment Opportunity

    This multifamily property in Kalamazoo, Michigan, presents an investment opportunity with a history of use as a sorority house for the past 18 years. The residence, situated on a 1.11-acre lot, encompasses 8,772 square feet and features 16 bedrooms, plus a dedicated house-mother suite. It includes a commercial-grade kitchen and on-site laundry facilities. Recent upgrades to the property include a new roof and laminate flooring throughout. The property is suited for group housing, student living, or continued sorority or fraternity use due to its large capacity and institutional-grade amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alpha Omicron Pi Fraternal Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.628256
    Latitude
    42.276548

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    FAQs

    What type of property is this?
    Apartment building - Leased sorority house with income potential in Kalamazoo, Michigan.
    Where is this apartment building located?
    The property is located at 1500 Fraternity Village Dr Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Exceptional income potential with 18-year history as a leased sorority house.; - Features **16 bedrooms** plus a dedicated house-mother suite.; - Commercial-grade kitchen.
    (269) 488-3846
    Request Owner's contact information
    1500 Fraternity Village Dr Kalamazoo, MI 49006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Fraternity Village Dr Kalamazoo, MI 49006
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