$575,000
$659,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
11,260 SqFt
SOLD DATE : 09/28/2023
Key Details
Sold Price $575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,260 sqft
Price per Sqft $51
MLS Listing ID 66023011588
Sold Date 09/28/23
Originating Board Greater Kalamazoo Association of REALTORS®
Year Built 1979
Annual Tax Amount $22,960
Lot Size 1.430 Acres
Acres 1.43
Lot Dimensions Irregular
Property Description
OFFICE INVESTMENT OPPORTUNITY: 100% occupied, multi-tenanted office complex offering 11,260 SF on a 1.43-acre parcel on Kalamazoo's east side. Constructed in 1979, this ADA-accessible property consists of 5 individual buildings. Tenants include Guardian Finance, MiPEHS, State Farm, Wicks' Therapy, A-1 Physical Therapy and Midwest Receivable Solutions. Property is well located on Gull Rd., between Ascension Borgess Hospital and retail corridor, and offers large, convenient parking field with 2 access drives and monument/building signage. Zoned RM-2, Multiple Family/Mixed-Use District in Kalamazoo Township. A great investment opportunity at an 11% cap rate based on in-place income.
Location
State MI
County Kalamazoo
Area Kalamazoo Twp
Zoning Heavy Industrial
Direction Gull Road/M-43, just east of Ascension Borgess Hospital.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Roof Type Composition
Accessibility Interior Disabled Facilities
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Public (Municipal), Water at Street
Structure Type Frame,Wood
Schools
School District Comstock
Others
Tax ID 0611445051
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Unknown/Data Share Listings
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