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Property summary
This unique 12,000 square foot, two-story building in downtown Kalamazoo presents a remarkable investment opportunity. Built in 1893 with renovations in 1960 and 1994, the property boasts a charming brick-encased lower level, perfect for a restaurant, retail space, or wine cellar. The 4,500 square feet of usable space on the second floor offers significant potential for luxury apartments or condos, capitalizing on the growing demand for downtown living. An antique carriage elevator adds a unique architectural feature. The property sits on a 6,970 square foot lot with two parking spaces and is zoned CCBD. Its prime location is enhanced by the proximity to a new arena slated for completion in 2026, just three blocks away. The building's multi-use potential, combined with its location in a revitalizing downtown area, makes this a truly exceptional investment. The property includes four units and is currently listed for $1,100,000. The occupancy date is March 1st, 2025. This is a for-sale-by-owner property with no lease options available.
Property profile
VerifiedCap rate & NOI
Current use
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Architect
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Kalamazoo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
CCBD · Kalamazoo, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CCBD in Kalamazoo, MI.
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Find the owner behind the property.
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