Historic Building - Washington Square Area of Kalamazoo

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30556371
Property Subtypes: Restaurant, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 3,514 SF
Gross Land Area: 0.47 Acres
Sale Price: $219,000
Unit Price: $62.32 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

Prominent, Historic Building in the revitalized Washington Square area. Excellent re-development opportunity. Lower level has been totally renovated for a restaurant, and is currently leased. The second floor has the potential for two spacious loft units, with nice window views. The adjacent property has significant potential for future expansion. (see attached Future Conceptual Plans). Offers are subject to Kalamazoo Land Bank approval.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: City of Kalamazoo
Tax ID/APN: 06-23-315-001
Zoning: CC
Retail Clientele: General, Family
Property Located Between: Washington & Stockbridge
Property Visibility: Excellent
Feet of Frontage: 40
Traffic/Vehicle Count: 13,362
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1920
Roof Type: Flat
Construction/Siding: Block, Brick
Total Parking Spaces: 15
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 40
Lot Depth: 51.5
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,473 80,107 156,197
Median Age: 33.34 32.13 33.77
Households: 6,067 31,164 64,097


Photograph of Listing Agent

Matthew Leighton, CCIM

Jaqua Commercial
CARWM Member
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