Back to search
1500 Fraternity Village Drive Kalamazoo, MI $ 1,500,000
Share Save
$ 1,500,000 Get more info
1500 Fraternity Village Drive
$ 1,500,000
Back to search
Recently Listed
Share Save

1500 Fraternity Village Drive

Kalamazoo, MI, 49006
$ 1,500,000
Bedrooms-- Baths8.0

Monthly Estimate*

$ 9,358

1500 Fraternity Village Drive, Kalamazoo, MI 49006 - Image 1
1500 Fraternity Village Drive, Kalamazoo, MI 49006 - Image 2
1500 Fraternity Village Drive, Kalamazoo, MI 49006 - Image 3
1500 Fraternity Village Drive, Kalamazoo, MI 49006 - Image 4

Commercial Property for sale in Kalamazoo, MI

for $1,500,000 with 8 full baths. This building was built in 1998 on a lot size of 1.11.

This property has been leased to a sorority for the past 18 years and offers exceptional income potential. The residence features 16 bedrooms plus a dedicated house-mother suite, a commercial-grade kitchen, and on-site laundry facilities. Recent upgrades include a new roof and laminate flooring throughout. With its large capacity and institutional-grade amenities, this property is ideal for group housing, student living, or continued sorority/fraternity use. - See attached floor plan. Seller is a licensed Real Estate Broker in the State of Michigan.

See more
Commercial Active

Price

$ 1,500,000

Full Bath

8

Property Type

Commercial

Taxes

$ 24,647

Style

Business

Lot Size

1.11

Year Built

1998

Town/City

Kalamazoo

County/Region

Kalamazoo

MLS | Web ID

25059867
Features
Interior
Interior Amenities Broadband
Total Stories 8772
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 8
See more
General
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Storm Sewer
Roof Composition
Construction Materials Aluminum Siding Brick
Year Built 1998
Tenant Pays Electric Gas Sewer Trash Water
Township Kalamazoo City
Property Subtype Business
Tax Year 2025
Gross Income 140800.0
Business Type Other
County Kalamazoo
Net Operating Income 97000.0
Operating Expense 43800.0
Insurance Expense 7000.0
New Construction N
Property Type Commercial Sale
MaintenanceExpense 5000.0
Full Baths 8
Status Active
Directions West on W. Michigan from Howard South on Fraternity Village Dr. to Sorority
City Kalamazoo
High School District Kalamazoo
Number Of Units Total 1
MLS Area Greater Kalamazoo - K
Lot Size Units Acres
Lot Size Square Feet 48352.0
Listing Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 24647.0
Lease Renewal Y/N N
MLS Area Minor Greater Kalamazoo - K
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 369834
Legal Description FRATERNITY VILLAGE LOT 17
Senior Community None
See more
Exterior
Lot Size Area 1.11
Number of Buildings 1
Spa N
Building Area Total 8772.0
Lot Dimensions 151 x 323 x 149 x 320
Lot Size Acres 1.11
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 1500
See more
* Excluded Features
List By
Berkshire Hathaway Homeservices Mi

Broker

daveschnelker@gmail.com

Email

Affordability Calculator

$11,412
Per Month
82%
18%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$2,054
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
251492 Elementary School
248593 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/25/2025$1,500,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1500 Fraternity Village Drive, Kalamazoo, MI, 49006 is a Commercial Property for sale at $1,500,000 with a lot size of 1.11. 1500 Fraternity Village Drive has 8.0 baths and was built in 1998. The property's zip code is 49006 which is in Kalamazoo, MI

Get more info