Properties for sale in Michigan

Overview

Description

Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit. Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.

Location Property Info

County: Kalamazoo
Street #: 755
Street Name: Portage
Suffix: Street
State: MI
Zip Code: 49001

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4356
Lot Dimensions: 44x99
Year Built: 1954
Road Frontage: 44
Total # Units: 3
# Fin Bldg Lvls: 4068
Total # Bldgs: Yes
Total SqFt: 4000
Total Net SqFt: 3258
Full Baths: 3
Total Baths: 3
Waterfront: No
School District: Kalamazoo

Tax Info

Tax ID #: 06-22-276-022
Taxable Value: 41913
SEV: 61900
For Tax Year: 2025
Seller's Annual Property Tax: 2821
Tax Year: 2025
Spec Assessment & Type: none
Non-Conforming Use: No
Zoning: 2
Homestead %: 0

Remarks Misc

Directions: Located at N. E. corner of Portage and Vine

Status Change Info

Under Contract Date: 2026-08-01

More Information

Additional Details

Total Parking Spaces: 6
Grd Lvl OH Doors: 2
Ceiling Height: 12

Unit 1

Unit Description: Commercial
SqFt: 2000
Occupied: No

Unit 2

Unit Description: Front
SqFt: 800
Occupied: Yes
Rent $/Month: 875
# Baths: Yes

Unit 3

Unit Description: Back Unit
SqFt: 2000
# Baths: Yes

Location & Property Info

Cross Streets: Crosstown and Vine
Property Sub-Type: Retail
Municipality: Kalamazoo City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 77.25
Prop Avail for Lease?: No
Current Bldg Use: Mixed Use

Remarks & Misc

Public Remarks: Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit. Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.
Legal: Lot 22 of Millard addition

Street Type

Paved: Yes
Public: Yes

Property Use

Business: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes
Other: Yes

Construction Type

Block: Yes
Frame/Wood: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes
Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Below Grade

Basement: Yes
Partial: Yes

Heat Type

Forced Air: Yes

Business Includes

Non-Applicable: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Tenant Pays All

Common Area Maintena: Yes
Electric: Yes
Gas: Yes
Janitorial: Yes
Trash: Yes

Docs Req Conf Agrmnt

Leases: Yes
Rent Roll: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes
Land Contract: Yes

Possession

Close Of Escrow: Yes

Property Features

Property Use: Business Uses: Professional Service; Professional/Office; Restaurant; Retail; Other Business Includes: Non-Applicable Construction Type: Block; Frame/Wood Exterior Material: Vinyl Siding Roofing: Composition; Rubber Below Grade: Basement; Partial Tenant Pays All: Common Area Maintena; Electric; Gas; Janitorial; Trash Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional; Land Contract Docs Req Conf Agrmnt: Leases; Rent Roll Sale Conditions: None Possession: Close Of Escrow

755 Portage Street, Kalamazoo, MI 49001