Listing Agency: Friedman Real Estate

Listed By: Rich Deptula · License #6501339891

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:44AM

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Investment Insights

Based on property information with market context.

This apartment building property comprises 143 residential units and is offered for sale as a multifamily asset. The property is located at 320 S Drake Rd in Kalamazoo, Michigan, within ZIP code 49009.

Key Highlights

• 143‑unit apartment building
• Multifamily property offered for sale
• Located at 320 S Drake Rd, Kalamazoo, MI 49009

Property Analytics

Property Profile

Current Use

Country Club Park ... Apartment Building

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Real Estate Agency HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

143

Residential units

Location Intelligence

Trade Area within ½ mile

674

Businesses Nearby

Explore this area Business Placement

Demographics for 49009, MI

47,188

Population

20,609

Households

2.3

Avg Household Size

38

Median Age

50%

College-Educated

96%

High-School Grad

102.2 sq mi

ZIP Area

462

Density / Sq Mi

$82,364

Median Household Income

$44,702

Median Earnings

$1,089

Median Rent

$330,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily apartment property with a substantial residential unit count.

Where is this apartment building located?

The property is located at 320 S Drake Rd Kalamazoo, MI.

What are key features of this property?

This property features: 143‑unit apartment building; Multifamily property offered for sale; Located at 320 S Drake Rd, Kalamazoo, MI 49009