122 W South Street , Kalamazoo, MI 49007
Kalamazoo, MI 49007
Description
This development opportunity is unique as it is surrounded by public alleys on three sides, so future apartments will enjoy abundant natural light. The ground floor hosts a long-standing tenant on a month-to-month lease and an unoccupied retail space, plus an area ideally suited for an elevator shaft. The current owners occupy the top two floors and are willing to remain as tenants, helping to offset holding costs. The basement boasts unusually high ceilings, perfect for tenant storage, and it remains moisture-free due to recent improvements. Renovations in 1987 included insulated double-hung windows, updated mechanical systems, and refreshed finishes on the upper levels. Situated on South Street, a quiet location ideal for high end apartments. Seller financing is available.
Details
| Mls | 24013198 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 266 |
| Listing Provided By | Dover Birch & Associates | Rob Peterson |
Features
| Baths | 4 Total |
|---|---|
| Sq Feet | 9,354 |
| Storys | 3 |
| Units | 3 |
| Buildings | 1 |
| Zoning | D-1 |
| Acreage | 0.09 |
Market Activity 49007
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Learn More About This Property
| State | MI |
|---|---|
| County | Kalamazoo |
| City | Kalamazoo |
| Zip Code | 49007 |
| Area | Greater Kalamazoo K |
| Subarea | K |
| School District | Kalamazoo |
| Listing VS Median (in 49007) | |
Price: $1,200,000 low | high Med: $2,500 SqFt: 9,354 low | high Med: 2,568 $ / SqFt: $128 low | high Med: $1 On Site: 266 low | high Med: 6.000000 | |