120-124 W South St | Kalamazoo, MI 49007
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120-124 W South St
Kalamazoo, MI 49007
Boudeman Building · Retail Property For Sale
Executive Summary
This development opportunity is unique as it is surrounded by public alleys on three sides, so future apartments will enjoy abundant natural light. The ground floor hosts a long-standing tenant on a month-to-month lease and an unoccupied retail space, plus an area ideally suited for an elevator shaft. The current owners occupy the top two floors and are willing to remain as tenants, helping to offset holding costs. The basement boasts unusually high ceilings, perfect for tenant storage, and it remains moisture-free due to recent improvements. Renovations in 1987 included insulated double-hung windows, updated mechanical systems, and refreshed finishes on the upper levels. Situated on South Street, a quiet location ideal for high end apartments. Seller financing is available.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,354 SF
Building Class
C
Year Built
1905
Price
$1,200,000
Price Per SF
$128
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
2.39
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
D-1 - Mixed use
Parking
12 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
54 FT on South St
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 06-15-390-300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,020,400 |
PROPERTY TAXES
Parcel Number
06-15-390-300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,020,400
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