232 E Michigan Ave Kalamazoo, MI 49007
Central Business District NeighborhoodEstimated payment $4,387/month
About This Home
Welcome to this prime mixed-use property offering a unique blend of commercial space and modern living. The first floor features a thriving commercial space leased for the past six years to a successful Pizza Shop, benefiting from high foot traffic on Michigan Avenue. Nestled between Green Top Tavern and the Kalamazoo Mall, it's situated in the heart of downtown Kalamazoo, an area experiencing a resurgence. Blocks away from the Kalamazoo Event Center, a $300M construction project that will play home to WMU basketball and hockey teams along with the Kalamazoo Wings. The property backs onto Bates Alley, renowned for its vibrant nightlife, enhancing its attractiveness to future tenants. The second floor boasts high ceilings and exposed brick walls adding character and appeal. It is comprised of two spacious residential units, a 1010 sq ft, 1 bedroom loft apt with a full bathroom and the second an 805 sq ft, studio apt with a full bathroom. The apartments underwent a generational renovation five years ago. Modern amenities in each unit include new finishes, windows, on-demand tankless water heater, in-unit washer/dryer, dishwasher, and stainless steel appliances. HVAC system last serviced and air ducts cleaned Spring 2025. An agreement is in place for parking in the Portage St. lot behind the building. This investment opportunity combines cash flow from rented units with commercial viability, set against a rich historical backdrop. Don't miss your chance to own a property in Kalamazoo's growing downtown scene. Leases and detailed financials are available for review upon request with a Confidentiality Agreement submitted. Video tour available if needed. Please contact Yousif for additional information or with any questions.
Listing Agent
EXP Realty - Mark White & Associates License #6501416199 Listed on: 04/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,881
Year Built
- Built in 1977 | Remodeled in 2020
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 20x85
Home Design
- Duplex
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2 Full Bathrooms
- 3,240 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Parking
- Paved Parking
- Off-Site Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 0615378198
Community Details
Overview
- 2 Units
- Original Plat City Of Kalamazoo Subdivision
Amenities
- Lobby
Pet Policy
- Call for details about the types of pets allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,881 | $230,400 | $0 | $0 |
| 2024 | $4,881 | $227,500 | $0 | $0 |
| 2023 | $4,652 | $220,100 | $0 | $0 |
| 2022 | $10,278 | $215,600 | $0 | $0 |
| 2021 | $9,941 | $198,800 | $0 | $0 |
| 2020 | $9,755 | $177,400 | $0 | $0 |
| 2019 | $9,400 | $168,800 | $0 | $0 |
| 2018 | $9,183 | $132,100 | $0 | $0 |
| 2017 | $6,224 | $128,500 | $0 | $0 |
| 2016 | $6,224 | $118,600 | $0 | $0 |
| 2015 | $6,224 | $117,600 | $0 | $0 |
| 2014 | $6,224 | $112,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | For Sale | $736,000 | 0.0% | $227 / Sq Ft |
| 07/01/2025 07/01/25 | Off Market | $736,000 | -- | -- |
| 06/06/2025 06/06/25 | Price Changed | $736,000 | -2.5% | $227 / Sq Ft |
| 05/07/2025 05/07/25 | Price Changed | $755,000 | -2.6% | $233 / Sq Ft |
| 04/08/2025 04/08/25 | For Sale | $775,000 | +15.7% | $239 / Sq Ft |
| 07/17/2024 07/17/24 | Sold | $670,000 | -3.6% | $197 / Sq Ft |
| 05/09/2024 05/09/24 | Pending | -- | -- | -- |
| 03/14/2024 03/14/24 | Price Changed | $695,000 | -6.7% | $204 / Sq Ft |
| 02/23/2024 02/23/24 | For Sale | $745,000 | -- | $219 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Nations Title Agency | |
| Interfamily Deed Transfer | -- | None Available |
Source: Realcomp
MLS Number: 20250023924
APN: 06-15-378-198
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 125 S Kalamazoo Mall Unit 603
- 222 N Kalamazoo Mall Unit 210
- 222 N Kalamazoo Mall Unit 290
- 471 W South St Unit 207
- 471 W South St Unit 105
- 209 E North St
- 622 S Rose St
- 436 W Ransom St
- 210 Old Orchard Place
- 319 W Dutton St
- 708 Harrison St
- 718 Harrison St
- 521 Pearl St
- 623 W Lovell St
- 320 W Vine St
- 727 S Park St
- 710 W Lovell St
- 608 W Ransom St
- 725 Academy St
- 717 W Kalamazoo Ave
- 200 E Michigan Ave
- 100 Portage St
- 266 E Michigan Ave
- 180 E Water St
- 165 Portage St Unit 165 Portage St
- 107-123 E Michigan Ave
- 338 E Michigan Ave
- 157 S Kalamazoo Mall Unit 207
- 157 S Kalamazoo Mall Unit 405
- 157 S Kalamazoo Mall Unit 403
- 157 S Kalamazoo Mall
- 155 W Michigan Ave
- 336 S Kalamazoo Mall
- 251 N Rose St
- 400 S Rose St
- 525 S Burdick St
- 530 S Rose St
- 229 W Walnut St Unit 4
- 815 N Pitcher St
- 515 S Westnedge Ave Unit 4