141 Drake Rd, Kalamazoo, MI 49009
This exceptional commercial property, located at 141 S Drake Rd, Kalamazoo, MI 49009, presents a unique investment opportunity. The 0.53-acre lot features two buildings totaling 2,076 square feet, built in 1971. The main structure is a three-bedroom ranch, ideal for conversion into office space, offering significant potential for customization. A detached two-car garage provides additional space. The property boasts a highly desirable corner location at the intersection of Drake and Stonebrooke Roads, a signalized intersection ensuring excellent visibility. Its strategic placement across from Lowe's and the Post Office guarantees high traffic counts and prominent exposure. The surrounding area offers convenient access to numerous shops and restaurants, enhancing its appeal to both employees and clients. The property is zoned CC, providing flexibility for various commercial uses. The asking price is $389,900, and the APN is 39000618355002. This property is perfect for an owner-occupier or an investor seeking a strong return on investment in a thriving Kalamazoo location. Don't miss this chance to acquire a prime commercial property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.