Property profile

407 Clarendon St Kalamazoo, MI 49006

OFF-MARKET
Industrial properties
Property ID
US43-2314393
2,796 SF Built 1905
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Property summary

AI-generated overview

This exceptional Kalamazoo investment opportunity encompasses two buildings situated on a combined lot with 130 feet of frontage on West Main Street. The property boasts a total of 2,796 square feet, strategically located just 40 feet from W Main St, offering unparalleled accessibility and visibility. One building, formerly a retail bookstore operating until 2018, offers 66 feet of depth and presents versatile commercial space. The second building, extending 132 feet deep, functions as a residential unit. The combined lot was legally unified in 2000 following an addition to the 407 N Clarendon building, which was originally purchased in 1988. The basement provides an additional 1000 square feet of usable space, featuring egress for convenient access. The property is zoned RM-2 by Kalamazoo Township, a designation consistent with other businesses along West Main Street, ensuring a wide range of potential uses. This unique combination of retail, residential, and ample storage space makes this property an attractive investment opportunity in a high-traffic area. The property's history as a successful bookstore adds to its appeal, offering a proven track record in a desirable location. The convenient access to West Main Street ensures high visibility and easy access for customers and residents alike.

Property profile

Verified
Property type Industrial properties
Year built 1905
Total area 2,796 SF
UPID US43-2314393

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

407 Clarendon St Kalamazoo, MI 49006
Kalamazoo metro
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Value estimations

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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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