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LW1 Mixed-Use Building
For Sale
$120,000

653-655 Lake Street, Kalamazoo, MI 49001

Commercial Sale, Kalamazoo, MI

Property Size5,582 SF
Lot Size0.73 Acres
Price / SF$21.50
Days on Market102

Property Features for 653-655 Lake Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description LW1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Directions From Portage Street, west on Lake Street to property.
Standard status Active
APN 06-22-426-007 & 06-22-296-003
Size 5,582 SF
Lot size 0.73 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Long- see attached
Tax Annual Amount 3513
Legal Description Long- see attached

Utilities

Utilities Natural Gas Available

Building Details

Year built 1953
Number of units 1
Listing Agency: O'Brien Real Estate
Listed By: William J Zehner · License #6501287590
Added: Jun 1 Changed: Sep 7 Last Checked: Sep 10 at 11:06AM
MLS# 26026214

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 653-655 Lake Street in Kalamazoo, this 5,582-square-foot mixed-use building sits on 0.73 acres and was constructed in 1953. The property includes a bathroom and is classified under Live Work 1 (LW1) zoning, which permits residential use, commercial use, or a combination of both.

The building currently does not have power, heat, or water service in place. Natural gas is available, providing a documented utility connection option for future planning. The property offers a substantial existing structure with zoning that accommodates both living and commercial functions.

Key Highlights

  • 5,582‑square‑foot mixed‑use building on 0.73 acres
  • Live Work 1 (LW1) zoning permits residential, commercial, or combined use
  • Built in 1953

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Dental Office Kitchen & Bath Showroom Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Acupuncture Locksmith

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

Location Intelligence

Trade Area within ½ mile

1,606
Businesses Nearby

Demographics for 49001, MI

21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Live-work zoning supports residential, commercial, or combined occupancy options.
Where is this mixed-use property located?
The property is located at 653-655 Lake Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 5,582‑square‑foot mixed‑use building on 0.73 acres; Live Work 1 (LW1) zoning permits residential, commercial, or combined use; Built in 1953
More about this property
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