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    OFF-MARKET
    Industrial properties

    407 Clarendon St, Kalamazoo, MI 49006

    2,796 SF Built 1905
    Property ID
    US43-2314393
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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