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    321 S Kalamazoo Mall Kalamazoo, MI 49007

    For Sale
    $690,000

    SINGLE_FAMILY - Kalamazoo, MI

    Type:Retail
    Property size:
    18,000 SF
    Lot size:
    0.14 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 321 S Kalamazoo Mall

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 3, Basement, Bathroom 2
    Bathrooms
    3
    APN
    on file
    Size
    18,000 SF
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Floors in Building
    3
    Number of units
    3
    Building materials
    Brick, Stone
    Roof type
    Rubber

    Vernon Group Realty (269) 353-1681

    Listing agent Matthew T Vernon (269) 353-1681

    Listing date Sep 30, 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

    Downtown Kalamazoo Mixed-Use Building

    This mixed-use building is located in downtown Kalamazoo. The interior features upgraded finishes. The building is attached to the Epic Parking Garage. The property consists of 6,000 square feet per floor across three floors, totaling 18,000 square feet. The first and second floors are fully leased by two businesses. The landlord offers caged storage and partially finished areas. The property benefits from its proximity to restaurants, brewpubs, coffee shops, and retail. It is located in a tax incentivized Opportunity Zone. The building is engineered to add one floor, utilizing concrete steel construction. The lot size is 0.14 acres. Modified Gross Leases are in place. The intended use of the property is mixed-use, and it is suitable for retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Center For Clinical Research ... Research Institute Morrison Jewelers Jeweler

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -85.58283
    Latitude
    42.289554

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in downtown Kalamazoo with upgraded finishes and high cap rate.
    Where is this mixed-use property located?
    The property is located at 321 S Kalamazoo Mall Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - 8% Cap Rate; - Located in Tax incentivized Opportunity Zone; - Mixed-use building in the heart of downtown Kalamazoo
    (269) 353-1681
    Request Owner's contact information
    321 S Kalamazoo Mall Kalamazoo, MI 49007
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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
    321 S Kalamazoo Mall Kalamazoo, MI 49007
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