417 Forest StKalamazoo, MI 49001

For Sale
$299,900 View listing
  • Commercial real estate
  • 0.67 AC

Property Details for 417 Forest St

Lot size
0.67 AC
Zone code
CO
Property type
Commercial real estate
APN
06-22-321-010
APU
622321010

Description

This 3,511 square foot industrial property, located at 417 Forest Avenue in Kalamazoo, Michigan, presents a unique investment opportunity. The building boasts recently renovated office space, ideal for a variety of commercial uses. The property sits on a sizable 1.02-acre lot, offering significant development potential given its mixed-use zoning, allowing for both commercial and residential possibilities. The convenient location is a key advantage, situated in Midtown Kalamazoo, just minutes from downtown, Portage, and major highways I-94 and 131. Ample parking is available on-site. The building features updated mechanical systems and wiring, ensuring efficient and modern operation. A sizable basement provides substantial storage space. The flexible occupancy terms offer adaptability for various business needs. This property is an excellent choice for businesses seeking a well-maintained space with significant expansion possibilities in a prime Kalamazoo location. The combination of renovated interior, large lot size, and strategic location makes this an attractive investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,287,483
    Hospitality
    $3,927,312
    Educational
    $3,267,477
    Medical
    $3,379,851
    Retail
    $5,082,742
417 Forest St, Kalamazoo, Michigan

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.2784
Longitude
-85.5881
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
2021
-
-
-
$83,700
-
-
-
$167,400

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