232 E Michigan Avenue Active Save Request In-Person Tour Request Virtual Tour
Kalamazoo,MI 49007
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $239
MLS Listing ID 20250021023
Originating Board Realcomp II Ltd
Year Built 1977
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 20X85
Property Sub-Type Real Estate Only
Property Description
Welcome to this prime mixed-use property offering a unique blend of commercial space and modern living. The first floor features a thriving commercial space leased for the past six years to a successful Pizza Shop, benefiting from high foot traffic on Michigan Avenue. Nestled between Green Top Tavern and the Kalamazoo Mall, it's situated in the heart of downtown Kalamazoo, an area experiencing a resurgence. Blocks away from the Kalamazoo Event Center, a $300M construction project that will play home to WMU basketball and hockey teams along with the Kalamazoo Wings. The property backs onto Bates Alley, renowned for its vibrant nightlife, enhancing its attractiveness to future tenants. The second floor boasts high ceilings and exposed brick walls adding character and appeal. It is comprised of two spacious residential units, a 1010 sq ft, 1 bedroom loft apt with a full bathroom and the second an 805 sq ft, studio apt with a full bathroom. The apartments underwent a generational renovation five years ago. Modern amenities in each unit include new finishes, windows, on-demand tankless water heater, in-unit washer/dryer, dishwasher, and stainless steel appliances. HVAC system last serviced and air ducts cleaned Spring 2025. An agreement is in place for parking in the Portage St. lot behind the building. This investment opportunity combines cash flow from rented units with commercial viability, set against a rich historical backdrop. Don't miss your chance to own a property in Kalamazoo's growing downtown scene. Leases and detailed financials are available for review upon request with a Confidentiality Agreement submitted. Video tour available if needed. Please contact Yousif for additional information or with any questions.
Location
State MI
County Kalamazoo
Area Kalamazoo
Zoning Commercial
Direction East of Portage Street, Heading North On Westnedge Avenue, Turn Right To Head East On East Michigan Avenue To The Property.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Brick
Schools
School District Kalamazoo
Others
Tax ID 0615378198
Ownership Short Sale - No,Private Owned
Acceptable Financing Assumable (Asm-Lend App),Cash,Conventional
Rebuilt Year 2020
Listing Terms Assumable (Asm-Lend App),Cash,Conventional
Financing Assumable (Asm-Lend App),Cash,Conventional
Special Listing Condition Full Service