407 Clarendon St, Kalamazoo, MI 49006
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.