About 122 W South Street
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.
Features of 122 W South Street
| MLS® # | 24013198 |
|---|---|
| Price | $1,200,000 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 9,354 |
| Acres | 0.09 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Retail/Commercial |
| Status | Active |
Community Information
| Address | 122 W South Street |
|---|---|
| Area | Greater Kalamazoo - K |
| City | Kalamazoo |
| County | Kalamazoo |
| State | MI |
| Zip Code | 49007 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Fireplaces | 1 |
Exterior
| Roof | Composition |
|---|---|
| Foundation | Block |
School Information
| District | Kalamazoo |
|---|
Additional Information
| Legal | See attached legal desription |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
| Water | Public |
Financial Details
| Annual Property Tax | $8,879 |
|---|---|
| Tax ID # | 06-15-391-001 |
| Taxable Value | 124543.00 |
Listing Details
| Agent | Rob Peterson |
|---|---|
| Office | Dover Birch & Associates |