REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 775,000
Est. payment /mo
Active
232 E Michigan Avenue Kalamazoo, MI 49007 3910
3,240 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $239
Subdivision Mi
MLS Listing ID 60380072
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 20X85
Property Sub-Type Commercial/Industrial
Property Description
Welcome to this prime mixed-use property offering a unique blend of commercial space and modern living. The first floor features a thriving commercial space leased for the past six years to a successful Pizza Shop, benefiting from high foot traffic on Michigan Avenue. Nestled between Green Top Tavern and the Kalamazoo Mall, it's situated in the heart of downtown Kalamazoo, an area experiencing a resurgence. Blocks away from the Kalamazoo Event Center, a $300M construction project that will play home to WMU basketball and hockey teams along with the Kalamazoo Wings. The property backs onto Bates Alley, renowned for its vibrant nightlife, enhancing its attractiveness to future tenants. The second floor boasts high ceilings and exposed brick walls adding character and appeal. It is comprised of two spacious residential units, a 1010 sq ft, 1 bedroom loft apt with a full bathroom and the second an 805 sq ft, studio apt with a full bathroom. The apartments underwent a generational renovation five years ago. Modern amenities in each unit include new finishes, windows, on-demand tankless water heater, in-unit washer/dryer, dishwasher, and stainless steel appliances. HVAC system last serviced and air ducts cleaned Spring 2025. An agreement is in place for parking in the Portage St. lot behind the building. This investment opportunity combines cash flow from rented units with commercial viability, set against a rich historical backdrop. Don't miss your chance to own a property in Kalamazoo's growing downtown scene. Leases and detailed financials are available for review upon request with a Confidentiality Agreement submitted. Video tour available if needed. Please contact Yousif for additional information or with any questions.
Location
State MI
County Kalamazoo
Area Kalamazoo (39022)
Zoning Commercial
Interior
Heating Forced Air
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty - Mark White & Associates