401 E Michigan Avenue, Kalamazoo, MI 49007

$3,500,000

Primary Photo - 401 E Michigan Ave, Kala

Property Type: Commercial Sale Square Footage: 36,891 Lot Size (sq. ft.): 32,670 Status: Sold

Current Price: $3,500,000 List Date: 5/05/2022 Last Modified: 7/14/2022

Overview

Description

AVAILABLE FOR SALE: 36,891 SF, 3-story office/retail building in downtown Kalamazoo. This well-appointed, Class A building, which underwent a historic $11M restoration in 2007, offers 17,185 SF of traditional and loft-style office space and 15,903 SF of the former Food Dance restaurant, cafe´, market and catering space. Additional amenities include roof-top deck, security cameras, key card access and standby generator. Site offers monument and building signage, rear parking and adjacent leased parking for tenants. Co-tenants include Inform Architecture and Easy on Hold - with additional square footage for your business. Zoned Downtown District D-3 in the City of Kalamazoo and located in a Michigan Opportunity Zone.

Listing Details MLS# 22016380

Location Property Info

County: Kalamazoo
Street #: 401
Street Direction: E
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 49007
Zip (4): 5839

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.75
Lot Square Footage: 32670
Lot Dimensions: 99 x 330
Year Built: 1888
Road Frontage: 99
Total # Units: Yes
# Fin Bldg Lvls: 3
Total # Bldgs: 2
Total SqFt: 36891
Total Net SqFt: 36891
Waterfront: No
School District: Kalamazoo

Tax Info

Tax ID #: 06-15-415-200
Taxable Value: 1501372
SEV: 2035700
For Tax Year: 2021
Seller's Annual Property Tax: 106785
Tax Year: 2021
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: DD D-3

Remarks Misc

Directions: Northeast corner of E. Michigan Avenue and Pitcher Street in downtown Kalamazoo.

Status Change Info

Under Contract Date: 2022-05-03
Sold Date: 2022-07-14
Sold Price/SqFt: 94.87

More Information

Additional Details

Total Parking Spaces: 36
Passenger Elevators: 2

Property Features

SqFt Information: Security System Uses: Institutional; Professional/Office; Restaurant Ownership: LLC Business Includes: Non-Applicable Construction Type: Frame/Wood; Steel Exterior Material: Brick; Stone; Other Roofing: Rubber Below Grade: Basement Additional Features: Fire Sprinkler Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Hot Water Air Conditioning: Chiller System Driveway: Asphalt Street Type: Paved; Public Purchase Terms Avail: Cash Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5 Possession: Close Of Escrow

Listing Office: NAI Wisinski of West Michigan

Listing Agent: Jodi K Milks

Last Updated: July - 14 - 2022

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