313-325 N Burdick St
Kalamazoo, MI 49007
Multifamily Property For Sale · 29,326 SF

Old Towne Commons is a mixed-use building located in the heart of downtown Kalamazoo. The building consists of 12 apartment units above approximately 6,000 SF of fully leased commercial space. The apartment units vary in size and finish but are made up of Studios, 1 Bedrooms, 2 Bedrooms, and a 3 Bedroom unit. Tenants are responsible for their own utility expenses, which are separately metered. The commercial space is separated into two larger units that are fully occupied by a law fi rm and a design fi rm. The rest of the space has been separated into a shared office space environment and is leased to smaller office users who are looking to have an address for their business in downtown Kalamazoo. A new investor might find opportunity in capitalizing on the resurgence of the downtown market and re-imagining the use of the commercial space. Old Towne Commons is located in downtown Kalamazoo, which has experienced a recent boom in development and has become a highly desirable area to live, work and play. The property benefits from its walking proximity to all that downtown Kalamazoo has to offer, including restaurants, brewpubs, coffee shops, and retail. Additionally, the property is located in an Opportunity Zone as defined by the Tax Cuts and Jobs Act of 2017 which allows a new investor to mitigate capital gains exposure by owning the property. Please contact your Tax Professional for further overview and further insight into the benefits of Opportunity Zone investment as they relate to your specific tax situation.