Kalamazoo, MI 49007

$4,100,000
Property Type: Commercial Sale Square Footage: 129,780 Lot Size (sq. ft.): 33,977 Status: Active
Current Price: $4,100,000 List Date: 1/24/2025 Last Modified: 6/17/2025

Description

This prime asset is located one building from the corner of Rose Street and Michigan Avenue (Kalamazoo's Main & Main). Numerous downtown amenities are within walking distance from the building, including restaurants, libraries, hotels, higher-education campuses, and Kalamazoo's Entertainment District. A new downtown arena is under construction two blocks to the north. The layout and location of this building leaves it prime for a repositioning play incorporating residential housing. The building's elevator banks, stairs, and common-area bathrooms are all located in the central core of the building, leaving ample window space available for views and natural light. The building features 20' column spacing, high ceilings, and approximately 14,000 square feet of floorplates.

Supplements: The building offers views of Bronson Park to the West, and the Eastern view showcases the outdoor Kalamazoo Mall. The asset has several long-term office tenants, which provides stable cash flow while the asset is repositioned. There are also three vacant floors ready for construction.

More Information MLS# 25002919

Location & Property Info

Cross Streets: W Exchange Place & Academy St Property Sub-Type: Office Municipality: Kalamazoo City

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 31.59 Prop Avail for Lease?: No

General Property Info

New Construction: No Lot Dimensions: 215' x 157' Road Frontage: 215 Waterfront: No Total # Units: 1 Total # Bldgs: 1 # Fin Bldg Lvls: 10 Total SqFt: 129780 School District: Kalamazoo Lot Measurement: Acres Lot Acres: 0.78 Lot Square Footage: 33977 Year Built: 1970 Full Baths: 20

Tax Info

Taxable Value: 2912686 SEV: 3904500 For Tax Year: 2024 Seller's Annual Property Tax: 207367 Tax Year: 2024 Homestead %: 0 Spec Assessment & Type: None known

Remarks & Misc

Legal: On File

Additional Details

Passenger Elevators: 4

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Other: 1

Construction Type

Other: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Steam: 1

Business Includes

Non-Applicable: 1

Util Avail at St

Cable Available: 1 Electricity Available: 1 High Speed Internet: 1 Natural Gas Available: 1 Phone Available: 1 Storm Sewer: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Location Property Info

County: Kalamazoo State: MI Zip Code: 49007 Area: Greater Kalamazoo - K

OfficeContract Info

Status: Active Current Price: $4,100,000 List Price: $4,100,000 Listing Date: 2025-01-24

Remarks Misc

Directions: Heading into downtown on AmVets Parkway, turn right onto S Rose St, second building on the left

Property Features

Uses: Other Business Includes: Non-Applicable Construction Type: Other Sewer: Public Sewer Water: Public Water Utilities Attached: 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: Steam Purchase Terms Avail: Cash; Conventional Sale Conditions: None
Listing Office: Jaqua, REALTORS Commercial
Listing Agent: Marc R Tourangeau
IDX
Last Updated: June - 17 - 2025
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