For Sale
$2,250,000

313 Burdick St Kalamazoo, MI 49007

22-unit apartment building, prime location

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 22-unit apartment building, situated at 313 S Burdick St in Kalamazoo, Michigan, presents a compelling investment opportunity. Built in 1893 and extensively renovated in 2006, this two-story building boasts 6,204 square feet of net rentable space on a 0.14-acre lot. The property features a mix of commercial and residential units. Ten commercial spaces are currently leased with staggered lease expirations ranging from 2025 to 2029, operating under modified gross lease agreements. These leases offer potential for increased revenue through conversion to NNN leases. The remaining twelve units are apartments, each offering unique floor plans. Residents enjoy a convenient rooftop common area and a highly desirable walkable location in the heart of downtown Kalamazoo. The asking price is $2,250,000, translating to $362.67 per square foot. This turnkey asset offers a blend of established commercial income and attractive residential units, making it an ideal investment for discerning buyers seeking a strong return in a vibrant urban setting. The property's iconic status and recent capital improvements further enhance its appeal.

Highlights

  • $2,250,000 asking price for a 22-unit apartment building.
  • Multifamily and retail property totaling 6,204 square feet.
  • $362.67 per square foot price.
  • Located at 313 S Burdick St, Kalamazoo, MI 49007.
  • Built in 1893, renovated in 2006, two-story building on a 0.14-acre lot.

Property Details for 313 Burdick St

Property type
Retail properties, Apartment buildings
Square Feet
6,204 SF
Year Built/Renovated
1893/2006
Buildings
1
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
22

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.288459
Longitude
-85.582732

FAQs

What type of property is this?
Retail property - 22-unit apartment building, prime location
Where is the retail property located?
The property is located at 313 Burdick St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: $2,250,000 asking price for a 22-unit apartment building.; Multifamily and retail property totaling 6,204 square feet.; $362.67 per square foot price.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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313 Burdick St
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