136 E Michigan Avenue

Estimated Monthly Payment: $37,338/mo 136 E Michigan Avenue, Kalamazoo, MI 49007 MLS# 18011511 Office Listing Status: Pending
81,883 sqft
158
581
0
82

REMARKS:

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.

OVERVIEW:

Office
Pending
Kalamazoo City
K09 - Dntown S To Crosstown
Greater Kalamazoo - K
74
81883
7405
0.17
Rubber
Brick/Stone
Steam
Electric
Chiller System
Public
Public
Cable, Electric, Natural Gas, Telephone

FEATURES:

Bath Common Area, Fire Sprinkler, Multi User Facility, Security System

SCHOOLS:

Kalamazoo

FINANCIAL:

$4,500,000
$201,803
2017

Listing Courtesy of Jodi K Milks, Bradley Company

 

Data last updated 12/18/2018

 

Information Deemed Reliable But Not Guaranteed.

 

©  2018  MichRIC, LLC. All rights reserved.

NEIGHBORHOOD & SCHOOL INFORMATION:

 

 Courtesy of Bradley Company

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Chapple Realty Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

©2018 MichRIC, LLC. All rights reserved.