$480,000
$495,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
533 Whitcomb Street Kalamazoo, MI 49008
6 Baths
0.47 Acres Lot
Key Details
Sold Price $480,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Municipality Kalamazoo City
MLS Listing ID 21015294
Sold Date 12/21/21
Full Baths 6
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1961
Annual Tax Amount $9,422
Tax Year 2021
Lot Size 0.470 Acres
Acres 0.47
Property Description
Fully leased Investment Property, with several long-term tenants.
This three level, six (6) unit office building has been with the same owner since it was built, in 1961, for their Corporate Headquarters. This two story building, has walk-out to front door parking. The building, totaling 11,316 SF, is built with solid construction, has one overhead door for deliveries, storage space in basement for tenants.
The building is in a quiet location, yet very convenient being just off Westnedge Avenue and adjacent to Walgreens.
Most leases have renewal options with annual increases, however, still will be at continued competitively below market rental rates. Therefore, this investment should competitively stay stable with long-term full occupancy.
Location
State MI
County Kalamazoo
Area Greater Kalamazoo - K
Direction Westnedge Avenue to east on Whites Road to north on Whitcomb Street.
Interior
Cooling Central Air
Fireplaces Number 1
Exterior
Garage Paved
Utilities Available Telephone, Public Water, Public Sewer, Cable Connected, Natural Gas Connected, Electricity Available, Natural Gas Available
View Y/N No
Roof Type Concrete
Street Surface Paved
Building
Building Description Stone, Brick, Bath Common Area
Sewer Public Sewer
Water Public
Structure Type Stone, Brick
New Construction No
Schools
School District Kalamazoo
Others
Tax ID 06-28-488-002
Acceptable Financing Conventional
Listing Terms Conventional
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