4423 W KL Avenue
Retail-Commercial
for Sale
| Catylist Listing ID: |
30844099 |
| Property Subtypes: |
Free-Standing Building, Retail-Pad, Street Retail, Other
|
| Building Size (RSF): |
5,153 SF
|
| Gross Land Area: |
0.55 Acres
|
| Sale Price: |
$520,000 |
| Unit Price: |
$100.91 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Vacant/Owner-User, Business |
| Usable Size (USF): |
5,153 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2023 |
Overview / Comments
|
This unique retail asset is perfectly positioned between Western Michigan University's campus and Drake Road, a critical retail, office and multi-family corridor located in Kalamazoo's very popular and growing west side. Currently there is one tenant occupying just shy of 40% of the building. That lease could be re-positioned as it's month to month, or a user could occupy the remaining 60%+. Perfect opportunity for an investor to stabilize or an operator to move in!
|
Additional Details
| Nearest MSA: |
Kalamazoo-Portage |
| County: |
Kalamazoo |
| Taxing Authority: |
City of Kalamazoo |
| Tax ID/APN: |
3900-06-19-358-001 |
| Zoning: |
CC COMMERCIAL IMPROVED |
| Retail Clientele: |
General, Family, Business |
| Property Located Between: |
Michigan & Little |
| Property Visibility: |
Excellent |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
2000 |
| Construction/Siding: |
Vinyl Siding |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,088 |
75,349 |
149,026 |
| Median Age: |
24.66 |
31.61 |
33.84 |
| Households: |
6,042 |
31,379 |
60,907 |
|
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