525 Kalamazoo AveKalamazoo, MI 49007

  • Commercial real estate
  • 2,520 SF
For Sale
$575,000 View listing

Property Details for 525 Kalamazoo Ave

Lot size
0.14 AC
Property size (Sq ft)
2,520 SF
Zone code
CMU
Property type
Commercial real estate
APN
06-15-409-009
APU
615409009

Description

This exceptional 2,674 square foot industrial building is available for sale at $575,000. Located at 525 E Kalamazoo Avenue in Kalamazoo, Michigan, this freestanding structure sits on a 0.14-acre lot in a high-traffic area. The property enjoys a prominent position on East Kalamazoo Avenue, a thoroughfare with over 17,121 vehicles passing daily. Its strategic location near three major colleges and universities ensures a dense residential population and significant foot traffic. The surrounding area boasts a diverse mix of both national and local businesses, providing excellent visibility and accessibility. This turnkey opportunity includes the existing adult-use provisioning center license and real estate, presenting a unique chance for immediate revenue generation. The current setup offers significant potential for increased sales through enhanced management strategies and the incorporation of delivery services. This is a rare chance to acquire a well-established business in a thriving Kalamazoo location. The property's high visibility and convenient location make it an ideal investment for a savvy entrepreneur seeking a profitable venture.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $370,206
    Hospitality
    $339,107
    Educational
    $282,133
    Medical
    $291,836
    Retail
    $438,873

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.295
Longitude
-85.5755
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
$5,710
-
-
$102,000
-
-
-
$204,000

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