$309,000
Kalamazoo, MI 49001
MLS# 26023682
3 baths | 4000 sqft
1 / 41
Property Description
Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit. Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.
Details
Maps
Location & Property Info
Cross Streets: Crosstown and Vine
Property Sub-Type: Retail
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 77.25
Prop Avail for Lease?: No
Current Bldg Use: Mixed Use
General Property Info
New Construction: No
Lot Dimensions: 44x99
Road Frontage: 44
Waterfront: No
Total # Units: 3
Total # Bldgs: 1
# Fin Bldg Lvls: 4068
Total SqFt: 4000
Total Net SqFt: 3258
School District: Kalamazoo
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4356
Year Built: 1954
Full Baths: 3
Total Baths: 3
Tax Info
Taxable Value: 41913
SEV: 61900
For Tax Year: 2025
Seller's Annual Property Tax: 2821
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: none
Non-Conforming Use: No
Zoning: 2
Tax ID #: 06-22-276-022
Remarks & Misc
Public Remarks: Turnkey 3-unit investment opportunity with additional development potential! This 4,800 sq ft property features strong rental income, off-street parking, and two additional lots included in the sale. The property includes an 800 sq ft front apartment, a 2,000 sq ft rear unit, and an additional income-producing unit. Updates include a new HVAC system, new water heater, and 3-inch spray foam insulation for improved efficiency. The upstairs unit has a rental potential of $1,775/month, while the smaller unit is currently rented at $875/month. The seller currently pays water, sewer, and garbage. Electric and gas are separately metered for the downstairs unit, with separate water metering as well. Great opportunity for investors seeking cash flow and long-term upside.
Legal: Lot 22 of Millard addition
Additional Details
Total Parking Spaces: 6
Grd Lvl OH Doors: 2
Ceiling Height: 12
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Other: 1
Construction Type
Block: 1
Frame/Wood: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Below Grade
Basement: 1
Partial: 1
Heat Type
Forced Air: 1
Business Includes
Non-Applicable: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Tenant Pays All
Common Area Maintena: 1
Electric: 1
Gas: 1
Janitorial: 1
Trash: 1
Docs Req Conf Agrmnt
Leases: 1
Rent Roll: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Land Contract: 1
Unit 1
Unit Description: Commercial
SqFt: 2000
Occupied: No
Unit 2
Unit Description: Front
SqFt: 800
Occupied: Yes
Rent $/Month: 875
# Baths: 1
Unit 3
Unit Description: Back Unit
SqFt: 2000
# Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kalamazoo
Street #: 755
Street Name: Portage
Suffix: Street
State: MI
Zip Code: 49001
OfficeContract Info
Status: Active
Current Price: $309,000
List Price: $309,000
Listing Date: 2026-05-20
Remarks Misc
Directions: Located at N. E. corner of Portage and Vine
Property Features
Property Use: Business
Uses: Professional Service; Professional/Office; Restaurant; Retail; Other
Business Includes: Non-Applicable
Construction Type: Block; Frame/Wood
Exterior Material: Vinyl Siding
Roofing: Composition; Rubber
Below Grade: Basement; Partial
Tenant Pays All: Common Area Maintena; Electric; Gas; Janitorial; Trash
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional; Land Contract
Docs Req Conf Agrmnt: Leases; Rent Roll
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: Keller Williams GR East
Listing Agent: Darryl A Matthews Jr
Last Updated: July - 09 - 2026
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