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Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 775,000

Est. payment -/mo

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Active

232 E MICHIGAN Avenue Kalamazoo, MI 49007

1 Bed

2 Baths

3,240 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Common Entry Building,Duplex,Loft

Listing Status Active

Purchase Type For Sale

Square Footage 3,240 sqft

Price per Sqft $239

Subdivision Original Plat - City Of Kalamazoo

MLS Listing ID 20250023924

Style Common Entry Building,Duplex,Loft

Bedrooms 1

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1977

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 20X85

Property Sub-Type Common Entry Building,Duplex,Loft

Property Description

Welcome to this prime mixed-use property offering a unique blend of commercial space and modern living. The first floor features a thriving commercial space leased for the past six years to a successful Pizza Shop, benefiting from high foot traffic on Michigan Avenue. Nestled between Green Top Tavern and the Kalamazoo Mall, it's situated in the heart of downtown Kalamazoo, an area experiencing a resurgence. Blocks away from the Kalamazoo Event Center, a $300M construction project that will play home to WMU basketball and hockey teams along with the Kalamazoo Wings. The property backs onto Bates Alley, renowned for its vibrant nightlife, enhancing its attractiveness to future tenants. The second floor boasts high ceilings and exposed brick walls adding character and appeal. It is comprised of two spacious residential units, a 1010 sq ft, 1 bedroom loft apt with a full bathroom and the second an 805 sq ft, studio apt with a full bathroom. The apartments underwent a generational renovation five years ago. Modern amenities in each unit include new finishes, windows, on-demand tankless water heater, in-unit washer/dryer, dishwasher, and stainless steel appliances. HVAC system last serviced and air ducts cleaned Spring 2025. An agreement is in place for parking in the Portage St. lot behind the building. This investment opportunity combines cash flow from rented units with commercial viability, set against a rich historical backdrop. Don't miss your chance to own a property in Kalamazoo's growing downtown scene. Leases and detailed financials are available for review upon request with a Confidentiality Agreement submitted. Video tour available if needed. Please contact Yousif for additional information or with any questions.

Location

State MI

County Kalamazoo

Area Kalamazoo

Zoning Commercial,Multi-Family,Multiple

Direction East of Portage Street, Heading North On Westnedge Avenue, Turn Right To Head East On East Michigan Avenue To The Property.

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Common Entry Building, Duplex, Loft

Level or Stories 2 Story

Structure Type Brick

Schools

School District Kalamazoo

Others

Pets Allowed Yes

Tax ID 0615378198

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2020

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Mark Whitehead of EXP Realty - Mark White & Associates

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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