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    $4,500,000

  • Pending | MLS#: 18011511
  • 81,883Sq Ft
  • 0.17Acre

136 E Michigan Avenue Kalamazoo, MI 49007

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Listing provided courtesy of: Jodi K Milks, Bradley Company

Overview

DOWNTOWN KALAMAZOO OFFICE INVESTMENT OPPORTUNITY - Fifth Third Bank multi-tenanted building in downtown Kalamazoo, Michigan. This iconic, 90,000 SF office tower is situated in the middle of Kalamazoo's Central Business District, between the Kalamazoo Mall and Portage Street. Constructed in 1929, the Fifth Third Bank Building features 15 floors plus a full basement, Class A bank branch/bank office finishes on the ground and second floors, 2 public elevators, 2 private/service elevators and 4 stairwells. Investment has long-term tenant history, including Fifth Third Bank, The Connable Office, Lewis Reed & Allen, PC, the Irving S. Gilmore Foundation and Levine & Levine law firm. Current occupancy rate of 83%, with 7.1% cap rate on existing income.

General Features

  • Area Greater Kalamazoo - K
  • Property Sub Type Office
  • Business Includes Non-Applicable
  • SubArea K09 - Dntown S To Crosstown
  • Municipality Kalamazoo City
  • New Construction No
  • Ownership Corporation
  • Construction Type Concrete, Steel
  • County Kalamazoo
  • Year Built 74
  • Annual Property Tax 201803.00
  • Tax Year 2017

Building Features

  • Additional Details: Number Freight Elevators 1
  • Additional Features Bath Common Area, Fire Sprinkler, Multi User Facility, Security System
  • Air Conditioning Chiller System
  • Additional Details: Passenger Elevators 3
  • Total SqFt 81883.00
  • Total Bldg SqFt Gro 89996.00
  • Total Number Bldgs 1.00
  • Below Grade Basement,Full
  • Exterior Material Brick/Stone
  • Heat Source Electric
  • Heat Type Steam
  • Number Fin Bldg Levels 15.00
  • Roofing Rubber
  • Rentable Office SqFt 81883.00
  • Current Bldg Use Multi-tenanted Office Building

Property Features

  • Waterfront Y/N No
  • Water Public
  • Utilities Attached Cable, Electric, Natural Gas, Telephone
  • Street Type Paved,Public
  • Util Avail at St Broadband,Cable,Electric,Natural Gas,Public Sewer,Public Water,Storm Sewer,Telephone
  • Road Frontage 74.00
  • Sewer Public
  • Lot Square Footage 7405.00
  • Lot Measurement Acres
  • Lot Dimensions 74x100.5
  • Lot Acres 0.17

Schools

  • School District Kalamazoo

Listing agent photo

Pamella Knapp

269-488-6561RE/MAX Advantage

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Price & Status History

Days on Market

  • This property has been listed on the market for 267 days

Location

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Listing agent photo

Pamella Knapp

269-488-6561RE/MAX Advantage

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Community Demographics for Zip Code 49007 (Kalamazoo)

Housing Occupancy
  • Home Owners: 1,345 (24%)
  • Renters: 3,485 (61%)
  • Vacant: 862 (15%)
  • Total Housing Units: 5,692
Households
  • Average Household Size: 2.32
  • Housing Density (People per square mile): 3,302
Age Range (number of people)
  • Age 0-14: 2,731
  • Age 15-24: 1,534
  • Age 25-39: 2,541
  • Age 40-59: 3,316
  • Age 60-79: 1,467
  • Age 80+: 298
  • Total: 11,887

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 49007 (Kalamazoo)

Public Schools in Zip Code 49007 (Kalamazoo)

* This list of schools may not match the property above.

KALAMAZOO ADULT HIGH SCHOOL 714 SOUTH WESTNEDGE AVE KALAMAZOO, MI 49007 Phone: 2693370422 12th
Grade Size Distribution
  • 12th: 26
School Population
  • Teachers: 1
  • Students per Teacher: 26.0
  • Students: 26
  • Male/Female: 15/11
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
TRANSITION SERVICES 714 SOUTH WESTNEDGE AVE KALAMAZOO, MI 49007 Phone: 2693370161 12th
Grade Size Distribution
  • 12th: 1
School Population
  • Teachers: 3
  • Students per Teacher: 24.7
  • Students: 74
  • Male/Female: 60/14
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
YOUNG ADULT PROGRAM 422 EAST SOUTH ST KALAMAZOO, MI 49007 Phone: 2694889601 12th
Grade Size Distribution
  • 12th: 1
School Population
  • Teachers: 6
  • Students per Teacher: 20.2
  • Students: 121
  • Male/Female: 63/58
School District
  • KALAMAZOO RESA
  • 1819 EAST MILHAM AVE PORTAGE, MI 49002
  • Phone: 2693851510
District Population
  • Schools: 7
  • Full-Time Teachers: 85
  • Students per Teacher: 7.6
  • Staff: 459
  • Students: 440
KALAMAZOO AREA MATH AND SCIENCE CENTER 600 WEST VINE ST KALAMAZOO, MI 49007 Phone: 2693370004 9th-12th
Grade Size Distribution
  • 9th: 55
  • 10th: 43
  • 11th: 49
  • 12th: 43
School Population
  • Teachers: 10
  • Students per Teacher: 19.0
  • Students: 190
  • Male/Female: 95/95
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
YOUTH ADVANCEMENT ACADEMY 622 WEST KALAMAZOO KALAMAZOO, MI 49007 Phone: 2692769036 9th-12th
Grade Size Distribution
  • 9th: 8
  • 10th: 26
  • 11th: 22
  • 12th: 18
School Population
  • Teachers: 3
  • Students per Teacher: 24.7
  • Students: 74
  • Male/Female: 46/27
School District
  • YOUTH ADVANCEMENT ACADEMY
  • 622 WEST KALAMAZOO KALAMAZOO, MI 49007
  • Phone: 2692769036
District Population
  • Schools: 1
  • Full-Time Teachers: 3
  • Students per Teacher: 26.4
  • Staff: 4
  • Students: 74
ALTERNATIVE LEARNING PROGRAM 1340 COBB ST KALAMAZOO, MI 49007 Phone: 2693370540 6th-8th
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 0
  • Male/Female: 0/0
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
EL SOL ELEMENTARY 604 WEST VINE ST KALAMAZOO, MI 49007 Phone: 2693370230 K-4th
Grade Size Distribution
  • Knd: 36
  • 1st: 40
  • 2nd: 19
  • 3rd: 30
  • 4th: 17
School Population
  • Teachers: 8
  • Students per Teacher: 17.8
  • Students: 142
  • Male/Female: 71/71
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
KING-WESTWOOD ELEMENTARY SCHOOL 1100 NICHOLS RD KALAMAZOO, MI 49007 Phone: 2693370610 K-6th
Grade Size Distribution
  • Knd: 71
  • 1st: 72
  • 2nd: 66
  • 3rd: 68
  • 4th: 118
  • 5th: 113
  • 6th: 113
School Population
  • Teachers: 32
  • Students per Teacher: 19.4
  • Students: 621
  • Male/Female: 322/299
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
LINCOLN INTERNATIONAL STUDIES SCHOOL 912 NORTH BURDICK ST KALAMAZOO, MI 49007 Phone: 2693370640 K-6th
Grade Size Distribution
  • Knd: 71
  • 1st: 71
  • 2nd: 63
  • 3rd: 72
  • 4th: 73
  • 5th: 77
  • 6th: 80
School Population
  • Teachers: 39
  • Students per Teacher: 13.0
  • Students: 507
  • Male/Female: 247/260
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
NORTHGLADE MONTESSORI SCHOOL 1914 COBB AVE KALAMAZOO, MI 49007 Phone: 2693370700 K-6th
Grade Size Distribution
  • Knd: 33
  • 1st: 42
  • 2nd: 44
  • 3rd: 34
  • 4th: 35
  • 5th: 26
  • 6th: 25
School Population
  • Teachers: 12
  • Students per Teacher: 19.9
  • Students: 239
  • Male/Female: 110/129
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023
WOODWARD SCHOOL FOR TECHNOLOGY AND RESEARCH 606 STUAROUTE AVE KALAMAZOO, MI 49007 Phone: 2693370810 K-6th
Grade Size Distribution
  • Knd: 64
  • 1st: 68
  • 2nd: 64
  • 3rd: 66
  • 4th: 52
  • 5th: 66
  • 6th: 44
School Population
  • Teachers: 28
  • Students per Teacher: 15.1
  • Students: 424
  • Male/Female: 220/204
School District
  • KALAMAZOO PUBLIC SCHOOL DISTRICT
  • 1220 HOWARD ST KALAMAZOO, MI 49008
  • Phone: 2693370123
District Population
  • Schools: 29
  • Full-Time Teachers: 771
  • Students per Teacher: 15.8
  • Staff: 1658
  • Students: 12023

Private Schools in Zip Code 49007 (Kalamazoo)

* This list of schools may not match the property above.

NORTH CHRISTIAN 1340 Cobb Ave Kalamazoo, MI 49007 Phone: 2693430712 K-8th
Grade Size Distribution
  • Knd: 31
  • 1st: 38
  • 2nd: 31
  • 3rd: 36
  • 4th: 42
  • 5th: 34
  • 6th: 45
  • 7th: 34
  • 8th: 38
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 329
ST. AUGUSTINE SCHOOL 600 W Michigan Ave Kalamazoo, MI 49007 Phone: 6163491945 K-8th
Grade Size Distribution
  • Knd: 25
  • 1st: 41
  • 2nd: 28
  • 3rd: 25
  • 4th: 27
  • 5th: 26
  • 6th: 30
  • 7th: 30
  • 8th: 41
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 273

* School data provided by US Department of Education


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* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional