136 Michigan AveKalamazoo, MI 49007

  • Commercial real estate
  • 90,489 SF
For Lease
$19.95/SF/YR View listing

Property Details for 136 Michigan Ave

Lot size
0.17 AC
Property size (Sq ft)
90,489 SF
Zone code
CCBD
Property type
Commercial real estate
APN
06-15-382-093
APU
615382093

Description

This 15-story, Class A office building, constructed in 1929 and renovated in 2012, offers 77,284 square feet of versatile space in downtown Kalamazoo. Located at 136 E Michigan Avenue, near Farmers Alley, this historic mixed-use building boasts a prime location, steps from the Kalamazoo Mall and its vibrant amenities. Suites range from 923 to 5,256 square feet, catering to businesses of all sizes. The building features efficient floorplates, redundant fiber optics, access control, operable windows, and zoned HVAC systems. On-site property management provides premium service and in-house construction/design services are available to customize spaces. The building's central location offers easy access to US-131, I-94, the Kalamazoo/Battle Creek International Airport, and public transportation. The surrounding area offers a strong workforce, with a high percentage of college-educated residents and projected population growth. This property sits on a 7,449 square foot lot (0.17 acres) and is zoned CCBD (Commercial Central Business District) in Kalamazoo County, with a Kalamazoo County Property Number (APN) of 06-15-382-093. The building's impressive features include a light-filled lobby with natural stone, terrazzo, brass, and glass accents, and two elevators. Utilities are provided by Consumers Energy. The property tax cost per square foot is $1.74. While parking spaces are not provided on-site, convenient public transportation options are readily available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,293,475
    Hospitality
    $12,176,751
    Educational
    $10,130,914
    Medical
    $10,479,332
    Retail
    $15,759,200

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.2914
Longitude
-85.5824
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
$129,582
-
-
$2,478,500
-
-
-
$4,957,000

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