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Property summary
This exceptional 129,780 square foot industrial property, situated at 151 S Rose in Kalamazoo, Michigan, presents a unique redevelopment opportunity. Located just one building from the intersection of Rose Street and Michigan Avenue – Kalamazoo's central hub – this asset boasts unparalleled access to a vibrant downtown area. Within easy walking distance are numerous amenities including restaurants, libraries, hotels, higher education institutions, and the city's Entertainment District. Adding to its appeal, a new downtown arena is currently under construction only two blocks away. The building's strategic layout and central location make it ideally suited for conversion into residential housing, a highly sought-after project in this thriving urban core. The building's design is particularly advantageous, with elevator banks, stairwells, and common area restrooms centrally located. This configuration maximizes window space throughout, providing abundant natural light and attractive views. The interior features 20-foot column spacing, high ceilings, and approximately 14,000 square foot floor plates, offering significant flexibility for adaptive reuse. The 0.78-acre lot provides ample space for potential expansion or outdoor amenities. This property represents a rare chance to acquire a substantial industrial building in a prime downtown location with significant upside potential. The asking price is $4,100,000.
Property profile
VerifiedCap rate & NOI
Current use
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Physician Medical Clinic
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Counselor
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Bank Loan Service
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Law Firm Child Welfare Organization
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Television Studio Media Distribution
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
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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
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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
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The district profile from the municipal source: what is on file for CCBD in Kalamazoo, MI.
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