326 W Kalamazoo Avenue, Kalamazoo, MI 49007

$1,300,000
Property Type: Commercial Sale Square Footage: 292,492 Lot Size (sq. ft.): 229,997 Status: Sold
Current Price: $2,000,000 List Date: 9/25/2014 Last Modified: 11/05/2021

Overview

Description

Park Trades Center building is about 158,000 SF w/120 tenants. Tenants are artisans. Building pays all utilities; there are a few tenants that are separately metered. There is somewhat limited parking. Total of four floors plus basement offer a variety of spaces to woodworkers, artists, clay, and glass blowing. This bldg is 95% occupied. Kalamazoo Enterprise Center is approximately 135,000 SF. Former Gibson Guitar Plant and 30 years ago was converted to multi-tenant industrial. Tenants are a mix of small to medium size companies. All docks and grade level doors are common area. Tenants share the use of fork lifts, scissor lifts and a variety of specialized equipment. For the bulk of the building, utilities are provided in rent. This bldg has around 40 tenants with one larger vacancy.

Listing Details MLS# 14054697

Location Property Info

County
Kalamazoo
Street #
326
Street Direction
W
Street Name
Kalamazoo
Suffix
Avenue
State
MI
Zip Code
49007

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
5.28
Lot Square Footage
229996.8
Lot Dimensions
TBD
Year Built
1914
Road Frontage
Yes
Total # Units
2
# Fin Bldg Lvls
4
Total # Bldgs
2
Total SqFt
292492
Waterfront
No
School District
Kalamazoo

Tax Info

Tax ID #
0615308005
Taxable Value
379244
SEV
865800
For Tax Year
2014
Seller's Annual Property Tax
27241
Tax Year
2013
Spec Assessment & Type
None known
Zoning
M-1
Homestead %
0

Remarks Misc

Directions
326 W. Kalamazoo Avenue - West on Kalamazoo Avenue building is located on the corner of Kalamazoo Avenue and Park Street. 225 Parsons Street - North on Burdick Street, east on Parsons Street building is located on the corner of north Edwards Street and Parsons Street.

Status Change Info

Under Contract Date
2014-12-04
Sold Date
2014-12-31
Sold Price/SqFt
4.44

More Information

Additional Details

# Loading Docks/Well
5
Grd Lvl OH Doors
4
# Freight Elevators
3

Location & Property Info

Cross Streets
Park & Church
Property Sub-Type
Industrial
Area
Greater Kalamazoo - K
Municipality
Kalamazoo City

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
6.84
Prop Avail for Lease?
No
Current Bldg Use
Multi-Tenant

Remarks & Misc

Legal
Attached

Street Type

Paved
Yes
Public
Yes

Utilities Attached

Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Distribution
Yes
Manufacturing
Yes
Storage
Yes
Other
Yes

Construction Type

Block
Yes

Exterior Material

Block
Yes
Brick
Yes
Stone
Yes

Roofing

Stone
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

Other
Yes

Ownership

Other
Yes

Below Grade

Partial
Yes

Heat Type

Forced Air
Yes
Space Heater
Yes
Steam
Yes

Air Conditioning

Central Air
Yes
Window Unit(s)
Yes

Business Includes

Furniture
Yes
Other
Yes

Additional Features

Bath Common Area
Yes
Multi User Facility
Yes

Util Avail at St

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes

Driveway

Shared Paved
Yes

Send to Econ Dev Org

MEDC
Yes
SWMI First, Region 5
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Property Features

Uses: Distribution; Manufacturing; Storage; Other Ownership: Other Business Includes: Furniture; Other Construction Type: Block Exterior Material: Block; Brick; Stone Roofing: Stone Below Grade: Partial Additional Features: Bath Common Area; Multi User Facility Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air; Space Heater; Steam Air Conditioning: Central Air; Window Unit(s) Driveway: Shared Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: Other Send to Econ Dev Org: MEDC; SWMI First, Region 5

Documents

Listing Office: Signature Associates Kalamazoo
Listing Agent: Ted Vliek
IDX
Last Updated: November - 05 - 2021
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.