125 S Kalamazoo Mall - Apartments FOR SALE


Kalamazoo, MI 49007- Downtown Kalamazoo
$3,000,000 USD
269-349-1000
125 S Kalamazoo Mall, Kalamazoo, MI for Sale
$3,000,000 USD
Apartments - FOR SALE
1/20
null | 8.86% Cap Rate

125 S Kalamazoo Mall
Kalamazoo, MI 49007
Downtown Kalamazoo


HIGHLIGHTS

  • Historically important downtown asset.
  • Prime geographic positioning.
  • Strong tenant mix.
  • Value Add opportunity.
  • Upside with office leasing.
  • Prime residential conversion opportunity.

OVERVIEW

This unique opportunity is one of a kind for Kalamazoo's Urban Core. Unmatched by location, positioned off the Kalamazoo Mall, the primary retail artery in Downtown, just to the south of Michigan Ave. This value add proposition provides any investor an immediate market return with tremendous upside with additional office lease up. Asset's also primed for a residential conversion play as the City/State have multiple resources for such. This 4 Story high rise is a part of a 6 Story building, of which the top 2 floors are residential condos not a party to this offering.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$15 USD /SF

# OF UNITS

28

PRICE/UNIT

$107,143

CAP RATE

8.86%

% LEASED

18%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofts at Kalamazoo City Centre

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

CCBD

APN/PARCEL ID

06-15-382-103,06-15-382-312,06-15-382-317

ASK ABOUT THIS PROPERTY

Matthew CallanderCallander CommercialMore Info
269-349-1000

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Matthew CallanderCallander CommercialMore Info
269-349-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.