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505 E Kalamazoo Ave

Kalamazoo, MI 49007
Active | MLS #21001519 | 202 days on market
beds
Beds
baths
Baths
sq ft
Sq Ft
1
acres
Acreage
0.35
type
Retail/Commercial
$539,000
$2,548/mo est*
Thomas Serio
Interested in this property?
Thomas Serio RealtorĀ®

Home Features

heating
Heating
cooling
Cooling
waterfront
Waterfront
No
county
County
Kalamazoo
Municipality
Municipality
Kalamazoo City
school
School District
Kalamazoo
calendar
Year Built
1968

Details

This 8,474 square foot commercial building is located at the gateway to downtown Kalamazoo within walking distance to many restaurants, breweries, shopping, and large apartment developments. The building is currently divided into 5 suites but could be easily combined/reconfigured for several different size suites with the smallest variation at about 1,000 SF. The building has ~20 onsite parking spaces and great signage opportunities. With its location and character, the building would be perfect for a retail or office user. The building also has a ~2,500 SF workshop with overhead door to the rear of the building.
Agent: Loren SouersPhone: 269-888-2755

Interior

Exterior

*Estimated monthly payments are based on 3.92% interest rate and 30 year loan term. Please contact your mortgage lender for a monthly payment estimate accurate to you.

Local Market Info

Balanced
Buyer's
Seller's
Kalamazoo is currenty a
Balanced Market

A balanced market in real estate exists when supply and demand are in equilibrium. Housing prices remain stable and there is an ample supply of homes to buyers can choose from.

Area Demographics

Demographic Icon
Total Population
76040
Demographic Icon
Population Density
3,080
/sq mi.
Demographic Icon
Median YEARLY income
$18,126
Demographic Icon
MEDIAN AGE
26
Demographic Icon
COLLEGE EDUCATED
18%
Demographic Icon
Owner/renter divide
48% / 52%

Listing Stats

+73.7%
Since last Year
Average List Price
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 100,000 100,000 200,000 200,000 300,000 300,000
-7.7%
Since last Year
Number of New Homes on Market
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 20 20 40 40 60 60
+8.6%
Since last Year
Average Sale Price
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 50,000 50,000 100,000 100,000 150,000 150,000
-78.0%
Since last Year
Number of Sold Homes
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 20 20 40 40 60 60 80 80
875 Oak Ridge Rd
Muskegon, MI 49441

Location Hours

M-F
8AM - 4PM walk ins
(Evenings By Appointment)

S-S
By Appointment Only

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