Property Type:
Commercial Sale
Square Footage:
8,772
Lot Size (sq. ft.):
48,352
Status:
Active
Current Price:
$1,500,000
List Date:
11/25/2025
Last Modified:
12/13/2025
1500 Fraternity Village Drive, Kalamazoo, MI 49006
$1,500,000
Overview
Description
This property has been leased to a sorority for the past 18 years and offers exceptional income potential. The residence features 16 bedrooms plus a dedicated house-mother suite, a commercial-grade kitchen, and on-site laundry facilities. Recent upgrades include a new roof and laminate flooring throughout. With its large capacity and institutional-grade amenities, this property is ideal for group housing, student living, or continued sorority/fraternity use. - See attached floor plan. Seller is a licensed Real Estate Broker in the State of Michigan.
Listing Details MLS# 25059867
Location Property Info
- County
- Kalamazoo
- Street #
- 1500
- Street Name
- Fraternity Village
- Suffix
- Drive
- State
- MI
- Zip Code
- 49006
- Zip (4)
- 5937
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 1.11
- Lot Square Footage
- 48352
- Lot Dimensions
- 151 x 323 x 149 x 320
- Year Built
- 1998
- Road Frontage
- 151
- Total # Units
- Yes
- # Fin Bldg Lvls
- 8772
- Total # Bldgs
- Yes
- Total SqFt
- 8772
- Full Baths
- 8
- Waterfront
- No
- School District
- Kalamazoo
Tax Info
- Tax ID #
- 06-20-355-017
- Taxable Value
- 369834
- SEV
- 481300
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 24647
- Tax Year
- 2024
- Spec Assessment & Type
- None Known
- Homestead %
- 0
Remarks Misc
- Directions
- West on W. Michigan from Howard, South on Fraternity Village Dr. to Sorority
Income and Expenses
- Annual Maint ($)
- 5000
- Annual Mgt Fees ($)
- 5800
- Annual Prop Ins ($)
- 7000
- Annual Utilities ($)
- 26000
- Gross Op Income ($)
- 140800
- Net Operating Income
- 97000
- Operating Expense
- 43800
More Information
Location & Property Info
- Cross Streets
- W Michigan & End
- Property Sub-Type
- Business Opportunity
- Area
- Greater Kalamazoo - K
- Municipality
- Kalamazoo City
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 171
- Prop Avail for Lease?
- No
Remarks & Misc
- Public Remarks
- This property has been leased to a sorority for the past 18 years and offers exceptional income potential. The residence features 16 bedrooms plus a dedicated house-mother suite, a commercial-grade kitchen, and on-site laundry facilities. Recent upgrades include a new roof and laminate flooring throughout. With its large capacity and institutional-grade amenities, this property is ideal for group housing, student living, or continued sorority/fraternity use. - See attached floor plan. Seller is a licensed Real Estate Broker in the State of Michigan.
- Legal
- FRATERNITY VILLAGE LOT 17
Street Type
- Paved
- Yes
- Public
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Other
- Yes
Construction Type
- Frame/Wood
- Yes
Exterior Material
- Aluminum Siding
- Yes
- Brick
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Below Grade
- Full
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Other
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Storm Sewer
- Yes
Tenant Pays All
- Electric
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Driveway
- Paved
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Property Features
Uses:
Other
Business Includes:
Other
Construction Type:
Frame/Wood
Exterior Material:
Aluminum Siding; Brick
Roofing:
Composition
Below Grade:
Full
Tenant Pays All:
Electric; Gas; Sewer; Trash; Water
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at St:
Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Storm Sewer
Heat Source:
Natural Gas
Heat Type:
Forced Air
Air Conditioning:
Central Air
Driveway:
Paved
Street Type:
Paved; Public
Purchase Terms Avail:
Cash; Conventional
Sale Conditions:
None
Listing Office:
Berkshire Hathaway HomeServices MI
Listing Agent:
Dave A Schnelker
Last Updated: December - 13 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.
