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    7988 Douglas Ave Kalamazoo, MI 49009

    For Sale
    $199,000

    Prime 2.52-acre retail lot, seller financing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.52-acre commercial land parcel presents a remarkable investment opportunity in Kalamazoo, Michigan. Located at 7988 Douglas Ave, this property boasts a highly desirable CBD zoning designation, making it ideal for a wide range of commercial developments. The lot's size and strategic corner location at the intersection of D Avenue and Douglas Avenue offer unparalleled visibility and accessibility, perfect for attracting significant foot and vehicle traffic. The asking price is $199,000, translating to a land value of $158,333 per acre. This prime location is exceptionally suited for a variety of uses, including gas stations, restaurants, food establishments, or a retail plaza. The property's APN is 02-21-101-011. Seller financing is available, making this an attractive proposition for buyers seeking flexible payment options. Don't miss this chance to acquire a highly visible and versatile commercial property in a thriving Kalamazoo location. The property is situated in Kalamazoo County, Michigan, with a zip code of 49009. Its geographic coordinates are 42.3760596 latitude and -85.6096449 longitude.

    Property Features for 7988 Douglas Ave

    General Information

    Property type
    Land
    Lot Size
    109,771 SF

    HighLights

    • $199,000 asking price for 2.52 acres of commercial land.
    • Located in Kalamazoo, MI, with APN 02‑21‑101‑011.
    • Zoned CBD.
    • Land value: $158,333/acre.
    • Excellent corner lot at Douglas Ave and D Ave, suitable for gas station, restaurant, or retail plaza development.
    • Seller financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Auto Parts Store Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.6096449
    Latitude
    42.3760596

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    FAQs

    What type of property is this?
    Land - Prime 2.52-acre retail lot, seller financing.
    Where is this land located?
    The property is located at 7988 Douglas Ave Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price for 2.52 acres of commercial land.; Located in Kalamazoo, MI, with APN 02-21-101-011.; Zoned CBD.
    Request Owner's contact information
    7988 Douglas Ave Kalamazoo, MI 49009
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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
    7988 Douglas Ave Kalamazoo, MI 49009
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