$429,000
5578 Gull Road
Kalamazoo, MI 49048
MLS# 20049289
Status: Sold
3239 sqft


5578 Gull Road, Kalamazoo, MI 49048
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Property Description
TREMENDEOUS opportunity! half leased 2030 a mo Extremely high traffic count on this main artery! Super high visibility in HIGH rent district! Fantastic location for a successful business! Terrific monument sign electronic scroll Owner moving out of country or they would never sell, especially this cheap. Seller has invested $40,000 -Brand new beautiful roof done by Advantage Roofing 2018. 3239 sq ft currently divided into 2 units-could be more. Lots of back parking. Near Sprinkle Rd, Borgess close for medical use! Very Impressive place for Any service business! Would lend itself to confidence in this legitimate successful area! Many national, regional and local brands. Great opportunity! Own for less per month than renting Much better investment, with the Cash Store paying your mortgage!

Details
Maps
Location & Property Info
County: Kalamazoo
Street #: 5578
Street Name: Gull
Suffix: Road
State: MI
Zip Code: 49048
Cross Streets: Sprinkle & 26th
Property Sub-Type: Retail/Commercial
Area: Greater Kalamazoo - K
Municipality: Comstock Twp
Office/Contract Info
Status: Sold
Current Price: $425,000
List Price: $429,000
Auction or For Sale: For Sale
List Price/SqFt: 132.45
Prop Avail for Lease?: Yes
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord: 3
Trans Coord Type: %
Listing Date: 2020-12-02
Current Bldg Use: Retail investment half leased $24,369 yearly
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.49
Lot Square Footage: 21344
Lot Dimensions: 158X297X132X25X60
Year Built: 1950
Road Frontage: 158
Year Remodeled: 2018
Total # Units: 3
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 3239
Total Net SqFt: 3239
Property Use Type: Business
Full Baths: 2
Waterfront: No
School District: Comstock
Tax Info
Tax ID #: 390706405031
Taxable Value: 133896
SEV: 146600
For Tax Year: 2021
Annual Property Tax: 8074
Tax Year: 2021
Spec Assessment & Type: none known
Zoning: Commercial
Remarks & Misc
Legal: m/b at office
Directions: Just north of Sprinkle and Gull Rd
Status Change Info
Under Contract Date: 2021-06-11
Sold Date: 2021-09-16
Sold Price: $425,000
Sold Price/SqFt: 131.21
Income and Expenses
Annual Maint ($): 100
Annual Prop Ins ($): 2640
Gross Op Income ($): 24369
Operating Expense: 11604
SqFt Information
Rentable Office SqFt: 3100
Rentable Retail SqFt: 3100
Total Bldg Office Sq: 3239
Total Bldg Retail Sq: 3239
Total Bldg SqFt (Gro: 3239
Property Features
Property Use: Business; Investment
Uses: Professional Service; Professional/Office; Recreation; Retail; Other
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Frame/Wood
Exterior Material: Brick; Stone; Wood Siding
Roofing: Composition; Metal
Below Grade: None
Additional Features: Barrier Free
Tenant Pays All: Electric; Gas; Janitorial
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas
Util Avail at St: Cable; Electric; Public Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Survey
Docs Req Conf Agrmnt: Leases
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5

Listing Office: Doorlag Realty Company

Listing Agent: Becky Doorlag

Last Updated: November - 29 - 2022

5578 Gull Road, Kalamazoo, MI 49048 - MLS# 20049289
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