MLS Public Remarks  OFFICE INVESTMENT OPPORTUNITY: 100% occupied, multi-tenanted office complex offering 11,260 SF on a 1.43-acre parcel on Kalamazoo's east side. Constructed in 1979, this ADA-accessible property consists of 5 individual buildings. Tenants include Guardian Finance, MiPEHS, State Farm, Wicks' Therapy, A-1 Physical Therapy and Midwest Receivable Solutions. Property is well located on Gull Rd., between Ascension Borgess Hospital and retail corridor, and offers large, convenient parking field with 2 access drives and monument/building signage. Zoned RM-2, Multiple Family/Mixed-Use District in Kalamazoo Township. A great investment opportunity at an 11% cap rate based on in-place income.

http://www.www.johnstoneandjohnstone.com.com/23011588

AGENT/COMPANY DETAILS  

LOCATION  

Township  Kalamazoo Twp

Directions  Gull Road/M-43, just east of Ascension Borgess Hospital.

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  11,260

Price/SqFt  $59

Unfinished SqFt  0

Above Grade Finished SqFt  11,260

CDOM  110

Sub Property Type  Office

Year Built  1979

Days on Market  110

Business Type  Professional/Office

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Net Taxes  $22960

Acreage  1.43

Taxes  $22960.0

Tax Year  2022

Summer Taxes  -

School District  Comstock

Winter Taxes  -

LOT DESCRIPTION  

Lower Level Square Footage  0

Waterview  N

Waterfront  N

For Lease/Rent  N

Est. Total Acres  1.43

Lot Dimensions  Irregular

WaterFrontage   0

INTERIOR FEATURES  

Cooling  Central Air

Water  Public

Zoning  RM-2

Basement  N

EXTERIOR FEATURES  

Garage  0.0

Sewer  Public Sewer

Features  Barrier Free, Bath Common Area, Multi User Facility

Parking Desc  Paved

Garage Desc  Paved

Terms/Misc.  Cash

Possession  Close Of Escrow

Exterior Materials  Wood Siding

DETAILS  

Status Change Date  09/28/2023

Listing Date  04/18/2023

Internet/IDX  Y

Pending Date  07/20/2023

Named Exceptions  N

Proposed Close Date  07/20/2023

LISTING OFFICE DETAILS  

Listing Office   Nai Wisinski Of West Michigan

Office Address   1803 Whites Rd, Suite 2

Listing Number   23011588

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Thursday, April 25, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.