3130 Lovers LnKalamazoo, MI 49001

  • Commercial real estate
  • 2,837 SF
For Sale
$599,000 View listing

Property Details for 3130 Lovers Ln

Lot size
0.31 AC
Property size (Sq ft)
2,837 SF
Zone code
CC
Property type
Commercial real estate
APN
06-26-372-005
APU
626372005

Description

This exceptional 0.62-acre commercial property in Kalamazoo, Michigan, presents a unique investment opportunity. Located at the signalized intersection of Lovers Lane and Cork Street, the property boasts excellent visibility, signage potential, and convenient access. The existing structure, a 2,837 square foot warehouse, sits on a corner lot and offers 25 parking spaces. The building features a 9'10" ceiling height and comprises two buildings with a total of two units across one story. Currently zoned CC/Community Commercial, the property is ideal for redevelopment or repurposing. The 2,227 square feet of net rentable space offers flexibility for various commercial uses. The property's prime location and high visibility make it an attractive option for businesses seeking a strong presence in a busy Kalamazoo area. Note that the existing Dairy Queen business and its equipment are not included in the sale. The APN is 06-26-372-005. This is a rare chance to acquire a well-situated property with significant potential in a thriving market. The asking price is $599,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $416,775
    Hospitality
    $381,764
    Educational
    $317,623
    Medical
    $328,547
    Retail
    $494,080

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.2598
Longitude
-85.5676
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
$6,287
-
-
$141,500
-
-
-
$283,000

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