122 W South Street Active Save Request In-Person Tour Request Virtual Tour
Kalamazoo,MI 49007
Key Details
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,354 sqft
Price per Sqft $128
Municipality Kalamazoo City
MLS Listing ID 24013198
Full Baths 4
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1900
Annual Tax Amount $8,879
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 52x58
Property Description
This development opportunity is unique as it is surrounded by public alleys on three sides, so future apartments will enjoy abundant natural light. The ground floor hosts a long-standing tenant on a month-to-month lease and an unoccupied retail space, plus an area ideally suited for an elevator shaft. The current owners occupy the top two floors and are willing to remain as tenants, helping to offset holding costs. The basement boasts unusually high ceilings, perfect for tenant storage, and it remains moisture-free due to recent improvements. Renovations in 1987 included insulated double-hung windows, updated mechanical systems, and refreshed finishes on the upper levels. Situated on South Street, a quiet location ideal for high end apartments. Seller financing is available.
Location
State MI
County Kalamazoo
Area Greater Kalamazoo - K
Direction From South Street & the Kalamazoo Mall, west to property
Body of Water SHARPS LAKE
Interior
Heating Forced Air
Fireplaces Number 1
Inclusions {"Non-Applicable":true}
Exterior
Utilities Available Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Broadband
Waterfront No
View Y/N No
Roof Type Composition
Building
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
School District Kalamazoo
Others
Tax ID 06-15-391-001
Acceptable Financing Conventional,Contract,Cash
Listing Terms Conventional,Contract,Cash