5657 Riverview DrKalamazoo, MI 49004

  • Commercial land
  • 2.74 AC
For Sale
$445,000 View listing

Property Details for 5657 Riverview Dr

Lot size
2.74 AC
Zone code
C1
Property type
Commercial land
APN
02-35-276-055
APU
235276055

Description

This exceptional 11.1-acre parcel, located at 5657 N. Riverview Drive in Kalamazoo, Michigan (49004), presents a unique investment opportunity. Situated in Cooper Township, the property boasts dual C-2 and Industrial zoning, unlocking a wide range of development possibilities. Pre-approved plans for a mini-storage facility are available for purchase, offering significant cost and time savings for a prospective developer. Alternatively, the expansive lot is well-suited for multi-family condo development or other commercial ventures. The property's versatility is further enhanced by the option to purchase the land in two parcels: a 2.8-acre section for $125,000 or an 8.3-acre section for $350,000. The entire 11.1-acre parcel is offered at $445,000. The property's APN is 390235276053. This prime location and flexible zoning regulations make this an ideal investment for those seeking high-return potential in a thriving Kalamazoo County market. The property's latitude and longitude coordinates are 42.342906216690984 and -85.55515116273405 respectively.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $17,533,948
    Hospitality
    $16,061,002
    Educational
    $13,362,565
    Medical
    $13,822,124
    Retail
    $20,786,212

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.3431
Longitude
-85.5555
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
-
-
-
$43,150
-
-
-
$86,300

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