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122 W South Street

Kalamazoo, MI 49007
  • $1,200,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 24013198
$1,200,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

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.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-04-19T19:17:10.337.
www.bhhssnyder.com/homes/148712120
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122 W South Street Kalamazoo, MI 49007

  • Price: $1,200,000
  • Status: Active
  • On Site: 32 Days
  • MLS #: 24013198
0
Beds
4
Baths
0
½ Baths
0.09
Acres
1900
Built
Neighborhood:
Kalamazoo City
County:
Kalamazoo
School District:
Kalamazoo
Property 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.
Exterior Features

Construction Materials Brick Foundation Details Block Roof Composition Water Body Name SHARPS LAKE Waterfront YN No

Interior Features

Heating YN Yes

Property Features

Auction Or For Sale For Sale Business Type Professional/OfficeProfessional ServiceRestaurantBar/Tavern/LoungeRetail Cross Street Rose & Kalamazoo Mall Documents Available [] Inclusions "Non-Applicable": true Lease Considered YN Yes Listing Terms ConventionalContractCash New Construction YN No Property Sub Type Retail/Commercial Sewer Public Sewer Tax Annual Amount 8879 Tax Year 2023 Utilities Cable AvailableBroadband AvailablePhone ConnectedNatural Gas ConnectedElectric Connected Water Source Public Zoning D-1

Listing provided courtesy of Rob Peterson of Dover Birch & Associates: 269-443-0033. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-04-19T19:17:10.337.
 
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