5587 9Th StKalamazoo, MI 49009

  • Commercial land
  • 1.49 AC
For Sale
$350,000 View listing

Property Details for 5587 9Th St

Lot size
1.49 AC
Zone code
C-4
Property type
Commercial land
APN
09-02-401-028
APU
902401028

Description

This exceptional 1.61-acre commercial land parcel presents a remarkable investment opportunity in Kalamazoo, Michigan. Strategically located just south of the I-94 and 9th Street exit in Texas Township, this site boasts unparalleled accessibility and visibility. Its prime location is further enhanced by its adjacency to established hotels including TownePlace Suites, Fairfield Inn, and Microtel by Wyndham, ensuring high traffic and brand recognition. The property is ready for immediate development, with all utilities readily available, eliminating costly infrastructure hurdles. The surrounding area offers a robust commercial landscape, including nearby Starbucks and McDonald's, and benefits from the planned expansion of Borgess Hospital, promising future growth and increased demand. Kalamazoo Valley Community College's proximity adds to the area's appeal and potential for a diverse clientele. The property's APN is 09-02-401-028. This is a rare chance to acquire a fully serviced, high-visibility lot in a thriving Kalamazoo commercial corridor. The asking price is $350,000. Don't miss this exceptional opportunity to build your business in a prime location. The address is 5587 S 9th Street, Kalamazoo, MI 49009.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $19,293,800
    Retail / Commercial
    $9,475,480
    Mixed-Use / Specialty
    $9,112,100
    Hospitality / Lodging
    $6,256,120
    Office
    $8,714,650
    Institutional / Educational
    $9,355,100
    Residential Income
    $10,945,500
    Multifamily
    $14,954,700
    Automotive / Energy
    $8,018,660
    Parking / Income-Based Land
    $3,092,790
    Restaurant / Food Service
    $4,035,830
    Healthcare / Senior Housing
    $9,682,290

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.2358
Longitude
-85.6748
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$6,367
-
-
$110,000
-
-
-
$220,000

FAQs

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