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Financial
Distress signals
Property profile

1617 Dorchester Ave Kalamazoo, MI 49001

FOR SALE
Car washes
Property ID
US43-2408363
0.45 ac lot
Last sale Jun 2023 · $269,777
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property, previously used as an auto wash, is located along the Portage Street corridor and falls under Commercial - Community 2 (CC2) zoning. The building contains approximately 5,400 square feet and includes 3-phase electrical power. It has three 9-foot overhead doors and multiple service doors. The site comprises a 0.45-acre lot and is positioned for convenient highway access, with proximity to Kalamazoo and Portage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$8k
Tax billed · 2019
Assessed value · 2023$182k
Effective rate4.25%

Value estimate

· Oct 2026
$280k
$252k – $308k
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$12k
Operating expenses−$16k
NOI · 6.78% cap applied$37k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$58/SF
ZIP average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$35 – $85

Cap rate analysis

How does the asset earn?
6.78%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CC
CC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commerc...
General categoryMIXED_USE
JurisdictionKALAMAZOO

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.7
Realty agency15.7
Hair Salon15.1

Location

1617 Dorchester Ave Kalamazoo, MI 49001
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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