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    OFF-MARKET
    Commercial real estate

    141 Drake Rd, Kalamazoo, MI 49009

    2,076 SF 0.53 ac lot Built 1971
    Property ID
    US43-2172134
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1971
    Total area 2,076 SF
    Lot 0.53 ac (23,087 SF)
    APN 39000618355002
    UPID US43-2172134
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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