FREESTANDING OFFICE BUILDING - KALAMAZOO, MI

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30368217
Property Subtypes: Office Building
Building Size (RSF): 4,884 SF
Gross Land Area: 0.44 Acres
Sale Price: $249,000
Unit Price: $50.98 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 5/17/2019

Overview / Comments

AVAILABLE FOR SALE – 4,884 SF office building on 0.436-acre parcel in Kalamazoo. This 2-story building offers 2 individual office suites, each with private, ADA-accessible entrances. Upper level, 2,442 SF south-facing Suite A offers reception area, 9 private offices, conference room, kitchen, server/copy room, 2 unisex restrooms, skylights throughout and 22 dedicated parking spaces. Lower level, 2,442 SF north-facing Suite B offers waiting/reception area, 9 private offices, large, open-concept work/meeting area, 3 unisex restrooms and 10 dedicated parking spaces. Both suites may be easily demised for smaller users. Improvements include new roof (2015), Suite A interior renovations for existing tenant (2014-2015) and north parking lot resurfacing (2012). Site offers building signage on Whitcomb Street and access from both Whitcomb Street and Whites Road. Located adjacent to Gagie School and Walgreens, property is zoned Commercial - Office in the City of Kalamazoo. Existing tenant, Prevention Works, will be vacating upon completion of renovations to their downtown Kalamazoo office building (by year-end 2019). Great opportunity for owner-occupied building with investment income from new tenant(s).

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Submarket/Township: Other area
Taxing Authority: Kalamazoo, City of
Tax ID/APN: 3906-28-488-003
Zoning: COMMERCIAL-OFFICE
Property Located Between: S. Westnedge Avenue & End
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,442 SF
Year Built: 1962
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: 22 parking spaces - Upper Level / 10 parking spaces - Lower Level
Total Parking Spaces: 32
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Commercial-Office
Lot Frontage: 115
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal
Legal Description: G28-7-1A1 SEC 28-2-11 BEG AT A PT ON S LI WHITCOMB ST WHICH IS 412.5FT WLY FROM E LI SD SEC 28, SD PT ALSO BEING 297FT NLY FROM N LI OF WHITES RD, TH SLY PAR WITH E LI SD SEC 28 165FT, TH WLY PAR WITH N LI SD WHITES RD 115FT, TH NLY PAR WITH E LI SD SEC 28 165FT TO SLY LI WHITCOMB ST, TH ELY ALG SLY LI SD ST 115FT TO PL OF BEG. 0.436 A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,446 99,776 166,794
Median Age: 39.28 32.16 33.84
Households: 5,533 40,314 68,488

Contact

Photograph of Listing Agent

Jodi K. Milks, CCIM

Bradley Company CARWM Member
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