This exceptional 1.5-acre commercial land parcel presents a remarkable development opportunity in Kalamazoo, Michigan. Located at 601 S Drake Rd Unit 1A, this vacant land is zoned CC and offers significant potential for various commercial ventures. The property boasts a prime location at a lighted intersection, conveniently situated on Drake Road and/or Arboretum Parkway, just south of the bustling W. Main Street/M-43 retail corridor and west of Western Michigan University's campus. The site benefits from high visibility and excellent access, surrounded by established businesses and residential areas including Mercantile Bank, Gilden Woods Early Care & Preschool, and the Parkway Flats 241-unit apartment complex. Its proximity to Linden Grove Middle School and Walden Woods condominiums further enhances its appeal. The property's level topography simplifies development, and its 1.5-acre size allows for flexibility in design and construction. The asking price is $750,000, reflecting a price per acre of $500,000. The tax ID/APN numbers are 3906-19-110-001 and 3906-19-120-001. Public transportation is available via bus routes. This is an ideal opportunity for developers seeking a high-impact location within a thriving Kalamazoo community. The legal description is listed as "LL in LO". The Kalamazoo County property is within the Kalamazoo City taxing authority and is situated between W Main St and West KL Ave. The largest nearby street is W. Main Street/M-43. This property is ready for your vision.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,431,753
Hospitality
$2,227,472
Educational
$1,853,231
Medical
$1,916,966
Retail
$2,882,804
Location Insight
City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.2866
Longitude
-85.648
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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