Property profile

141 Drake Rd Kalamazoo, MI 49009

OFF-MARKET
Office Spaces
Property ID
US43-2172134
2,076 SF 0.53 ac lot Built 1971
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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 Office Spaces
Year built 1971
Total area 2,076 SF
Lot 0.53 ac (23,087 SF)
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

Location

141 Drake Rd Kalamazoo, MI 49009
Kalamazoo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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