533 Whitcomb Street $480,000

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    533 Whitcomb Street Kalamazoo, MI 49008

    Closed
    SOLD 12/21/2021

    $480,000

    Market Estimate
    • 11,316 sq. ft.
    • 0.47 Acres
    • Commercial
    • MLS# 21015294
    533 Whitcomb Street, Kalamazoo, MI 49008
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    Listing provided courtesy of: Kalamazoo Commercial Real Estate
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    Property Details

    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.

    • General Features
      • Year Built 1961
      • New Construction Y/N false
      • Business Type Professional/Office
      • County Or Parish Kalamazoo
      • Property Sub Type Office
      • Tax Annual Amount 9422.66
    • Building Features
      • Construction Materials Stone, Brick
      • Building Area Total 11316.0
      • Number Of Units Total 4
      • Heating Y/N true
      • Heating Forced Air
      • Full Bathrooms 6
      • Bathrooms 6
    • Property Features
      • Lot Size Acres 0.47
      • Lot Size Area 0.47
      • Number Of Buildings 1
      • Utilities Telephone, Public Water, Public Sewer, Cable Connected
      • Water Source Public
    • Schools
      • High School District Kalamazoo

    Neighborhood

    49008 (Kalamazoo) Demographics

    33 Median Age
    2,440 Population Density (per sq. mile)
    63% College Educated
    $56,204 Estimated Median Income
    4,014 Estimated Total Home Owners
    2,544 Estimated Total Renters
    61% / 39% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    16,466 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $216,000 Median Sales Price
    15 Homes Sold
    41 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        12/21/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $480,000
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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.