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Property summary
The property is located in Kalamazoo, Michigan, and is configured as a mixed-use building containing residential and commercial space. It has a total of 20 units, including 16 residential units (14 one-bedroom units and 2 two-bedroom units) and 4 commercial units. The building sits on a 0.18-acre lot, and each residential unit is served by separate electric metering. Based on its unit layout, there is potential to convert 6 of the one-bedroom units into two-bedroom units. The property is zoned 'cc'.
Property profile
VerifiedCap rate & NOI
Current use
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Photography Service (Bike/Boat/Book/etc) Store
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Hair Salon Nail Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commercial zoning district names begin with the letter "C," which is a short-hand referenc…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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
CC · Kalamazoo, MICC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commercial zoning district names begin with the letter "C," which is a short-hand referenc…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commercial zoning district names begin with the letter "C," which is a short-hand referenc…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Kalamazoo, MI.
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