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: |
11/25/2020 |
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 |
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 |
|
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