REDEVELOPMENT OPPORTUNITY - KALAMAZOO, MI

Vacant Land for Sale
Catylist Listing ID: 30040405
Property Subtypes: Office, Retail
Gross Land Area: 1.38 Acres
Sale Price: $387,000
Unit Price: $280,434 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

REDEVELOPMENT OPPORTUNITY – Highly visible, 1.375-acre site located just south of downtown Kalamazoo. Situated on the busy, lighted SE corner of Portage and E. Vine Streets, this property features approx. 400’ of frontage on Portage Street with multiple ingress/egress options. Formerly Grapevine Furniture, it currently offers multiple buildings with approx. 18,514 SF of retail/warehouse space. Site is well located within the City’s proposed South Town District extension, which includes the Kalamazoo Valley Community College/Bronson Hospital Healthy Living Campus and a planned 23,000 SF retail center. Ideal redevelopment opportunity!

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Submarket Type: Redevelopment District
Taxing Authority: Kalamazoo, City of
Tax ID/APN: 3906-22-281-008; 3906-22-287-002; 3906-22-282-002 & 3906-22-282-001
Zoning: M-1
Property Located Between: Vine Street & Lake Street
Property Visibility: Excellent
Legal Description: Attached
Largest Nearby Street: Vine Street
Feet of Frontage: 400
Site Description: Site is well located within the City’s proposed South Town District extension, which includes the Kalamazoo Valley Community College/Bronson Hospital Healthy Living Campus and a planned 23,000 SF retail center. Ideal redevelopment opportunity!
Lot Frontage: 400
Lot Depth: Irregular
Zoning Description: M-1 - with future land use as Community Commercial.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal, Storm

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,822 86,307 154,729
Median Age: 29.6 31.99 33.5
Households: 5,325 33,612 63,220

Contact

Photograph of Listing Agent

Jodi K. Milks, CCIM

Bradley Company CARWM Member
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