601 Drake RdKalamazoo, MI 49009

  • Commercial land
  • 0.38 AC
For Sale
$750,000 View listing

Property Details for 601 Drake Rd

Lot size
0.38 AC
Zone code
CC
Property type
Commercial land
APN
06-19-110-010
APU
619110010

Description

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

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
2022
-
-
-
-
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].