533 Whitcomb Street

Office for Sale
Catylist Listing ID: 30728342
Property Subtypes: Office Building
Building Size (RSF): 11,316 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $565,000
Unit Price: $49.93 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2021

Overview / Comments

Fully leased Investment Property, with several long-term tenants. This three level, six (6) unit office building has been with the same owner since it was built, in 1961, for their Corporate Headquarters.
This two story building, has walk-out to front door parking. The building, totaling 11,316 SF, is built with solid construction, has one overhead door for deliveries, storage space in basement for tenants. The building is in a quiet location, yet very convenient being just off Westnedge Avenue and adjacent to Walgreens.
Most leases have renewal options with annual increases, however, still will be at continued competitively below market rental rates. Therefore, this investment should competitively stay stable with long-term full occupancy.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: City of Kalamazoo
Tax ID/APN: 06-28-488-002
Zoning: CC
Property Located Between: Westnedge & Duke
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1961
Parking Type: Surface
Heat Type: Natural Gas
Lot Frontage: 125
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal

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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
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