Homes for sale - 232 E Michigan Avenue, Kalamazoo, MI 49007

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Rise Realty Group

chris@riserealtymi.com +1(810) 206-2080

$ 775,000

Est. payment | -/mo

3,240 SqFt

Save

$ 775,000

Est. payment | -/mo

Save

3,240 SqFt

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

Listed by Mark Whitehead of EXP Realty - Mark White & Associates

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(810) 206-2080

chris@riserealtymi.com

2750 S State St, Arbor, MI, 48104, United States

232 E Michigan Avenue Kalamazoo, MI 49007