For Sale
$989,000

1381 Drake Rd Kalamazoo, MI 49006

High-traffic retail center, 7 units, strong tenant base.

Overview

Added:
Feb 3
Days on market:
84
This exceptional 7,735 square foot strip mall, situated on a 0.62-acre lot at 1381 S Drake Road in Kalamazoo, Michigan, presents a compelling investment opportunity. Currently, three units are occupied by established businesses, including a long-term tenant, Hungry Howes, a barber shop, and a photography studio. Four contiguous units are available, offering significant potential for expansion or diversification of the tenant mix. The property boasts high visibility due to its location in a rapidly growing corridor with strong traffic counts and strategically placed stoplights. Its proximity to major retailers like Costco, Walters Auto, and Western University's campus ensures consistent foot traffic and a diverse customer base. The location north of Stadium Drive provides excellent accessibility and exposure. This well-maintained property offers a blend of established tenancy and significant upside potential for a savvy investor seeking a prime retail location in a thriving Kalamazoo market. The asking price is $989,000. This represents a rare chance to acquire a well-positioned commercial property with immediate income generation and substantial future growth prospects. The existing tenants provide a stable income stream, while the vacant units offer the flexibility to tailor the property to your specific investment strategy.

Property Details for 1381 Drake Rd

Property type
Investment properties
Square Feet
7,735 SF
Year Built
1985
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.27604
Longitude
-85.64789

FAQs

What type of property is this?
Investment property - High-traffic retail center, 7 units, strong tenant base.
Where is the investment property located?
The property is located at 1381 Drake Rd Kalamazoo, MI.
What is the asking price?
The asking price for this property is $989,000.
How can I contact the broker?
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1381 Drake Rd
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