223 S Kalamazoo Mall Kalamazoo, MI 49007

Property Details for 223 S Kalamazoo Mall

Lot size

0.27 lot acres

Property size

11,880 SF

Zone code

CCBD

Property type

Commercial real estate

APN

06-15-387-214

APU

615387214

Description

This exceptional three-story, 13,872 square foot mixed-use building at 223 S Kalamazoo Mall in Kalamazoo, MI, is offered for sale by owner. Built in 1873, this 100% occupied property features four units currently operating as a bar, shopping center, and storefront, offering immediate income. The 0.27-acre lot includes 22 parking spaces. Zoned CCBD, it presents significant redevelopment potential. The upper floors could be converted into luxury condos or apartments, capitalizing on the high demand for downtown living, especially with a nearby arena project underway. Unique architectural features, such as a former boiler and a brick-walled space, offer creative design possibilities for a chic bistro, wine cellar, eatery, meeting space, retail, or office use. The property boasts 156.09 feet of frontage on Farmers Avenue, ensuring excellent visibility and high foot traffic. This prime retail space is ideally located in the heart of downtown Kalamazoo, offering convenient access to major roads and a vibrant atmosphere. The asking price is $2,250,000, with a price per square foot of $162.20. This is a rare opportunity to acquire a historic building with significant income potential and substantial upside in a thriving downtown area.

Location Insight

City

Kalamazoo

County

Kalamazoo

State

Michigan

Longitude

-85.5826

Latitude

42.2903

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments