$128.29 Per Sq Foot $6,442 est/mo Sourced by Back At You

122 W South Street,Kalamazoo, MI 49007

Kalamazoo MI, 49007

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Description

This development opportunity is unique as it is surrounded by public alleys on three sides, so future apartments will enjoy abundant natural light. The ground floor hosts a long-standing tenant on a month-to-month lease and an unoccupied retail space, plus an area ideally suited for an elevator shaft. The current owners occupy the top two floors and are willing to remain as tenants, helping to offset holding costs. The basement boasts unusually high ceilings, perfect for tenant storage, and it remains moisture-free due to recent improvements. Renovations in 1987 included insulated double-hung windows, updated mechanical systems, and refreshed finishes on the upper levels. Situated on South Street, a quiet location ideal for high end apartments. Seller financing is available.

Details

MLS#24013198
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site73
Listing Provided ByDover Birch & Associates | Rob Peterson

Features

Bath(s) 4 Total
SQ Feet9,354
Story(s)3
Units3
Building(s)1
ZoningD-1
Acreage0.09

Market Activity 49007

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center.

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Listings Checked: 1 minute ago
StateMI
CountyKalamazoo
CityKalamazoo
Zip Code49007
AreaGreater Kalamazoo K
SubareaK
School DistrictKalamazoo
Listing VS Median (in 49007)
Price:
$1,200,000
low | high
Med:
$875
100% of Average
SqFt:
9,354
low | high
Med:
750
100% of Average
$ / SqFt:
$128
low | high
Med:
$1
100% of Average
On Site:
73
low | high
Med:
41.000000
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 3:51:04 PM PDT