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Live-Work Building with LW1 Zoning
For Sale
$120,000

653-655 Lake Street, Kalamazoo, MI 49001

COMMERCIAL - Kalamazoo, MI

Property Size5,582 SF
Lot Size0.73 Acres
Price / SF$21.50
Days on Market83

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: Aug 4 Last Checked: Aug 22 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.

This live-work building offers LW1 zoning and a flexible configuration for potential residential, commercial, or combined uses. The property is currently without power, heat, or water in the building, which should be considered when planning any future improvements or occupancy.

The asset is located at 653-655 Lake Street in Kalamazoo, Michigan (Kalamazoo County). LW1 zoning permits a wide range of possible uses, and the attached LW1 Zoning Permitted Use Sheet is referenced for detailed guidance on allowed categories.

For buyers and tenants evaluating redevelopment or adaptation, the current lack of utilities in the building is a key consideration alongside the zoning flexibility provided through LW1.

Key Highlights

  • Year built: 1953
  • LW1 (live/work) zoning allows a wide range of uses, including residential, commercial, or a combination of both
  • Natural gas is available

Property Analytics

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Building currently has no power, heat, or water, with LW1 zoning permitting a mix of residential and commercial uses.
Where is this live-work space 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: Year built: 1953; LW1 (live/work) zoning allows a wide range of uses, including residential, commercial, or a combination of both; Natural gas is available
More about this property
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