Downtown Kalamazoo Commercial Real Estate

266 E Michigan Ave Kalamazoo, MI 49007

FOR SALE!

$975,000

Kalamazoo Commercial Real Estate

Incredible opportunity in the heart of downtown Kalamazoo! A historical 4-story building prominently set on the city's main drag of E Michigan Ave, the real estate offers so many possibilities. The main floor hosts 2 units facing E Michigan. Unit #1 is held by the long-time tenant Coney Island Hot Dog. Unit #2 was Ouzo’s European Pub and is now turn-key ready for a new owner to make it their own (bar equipment and liquor license included!). The additional commercial space on Levels 2, 3, and 4 boast the building’s original character and history just waiting to be developed into apartments or condos. This is a rare opportunity to purchase one of Downtown Kalamazoo’s most valuable, historic buildings.

Property Features

Area Businesses

  • 4 Levels

  • Level 1 - Unit 1: 1,704 Square Feet

  • Level 1 - Unit 2: 1,704 Square Feet

  • Level 2, 3 & 4  3,408 square feet each.

  • 13,632 total square feet

  • Building dimensions: 48x71 

  • Road frontage 48’

  • Full Basement

  • Liquor license included

  • Bar equipment included

  • Long-term tenant in Unit 1

  • Kalamazoo Opportunity Zone

  • .78 Acres

  • Bronson Hospital

  • Western Michigan University

  • Western School of Medicine

  • AMC Movie Theatre

  • Maru Sushi/HopCat

  • Kalamazoo Beer Exchange

  • Bell’s Brewery Cafe

  • Radisson Hotel

  • Zazio’s

  • Kalamazoo Mall Businesses

  • Kalamazoo State Theatre

  • Kalamazoo College

  • Hilton (coming soon)

  • Amtrak Station

The Opportunity Zone

This commercial real estate is inside the current Opportunity Zone in Kalamazoo. Opportunity Zones are a new concept recently enacted in the 2017 Tax Cuts and Jobs Act. The program is designed to incentivize patient capital investments in low-income communities nationwide that have been cut off from capital and experienced a lack of business growth. There are three types of tax incentives that relate to the treatment of capital gains, each of the incentives are connected to the longevity of an investor’s stake in a qualified Opportunity Fund that provides the most upside to those who hold their investment for 10 years or more. To read more about the Opportunity Zone, visit Michigan.Gov.

View the Michigan Opportunity Zone map here

**The seller makes no guarantees or warranties as to the information provided here. Buyer to verify all information to their satisfaction and should seek further counsel on funding and government incentive programs. 

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Listed by

Chuck Clancy, TEAM CLANCY

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