WMU BTR PARK 2.0 DEVELOPMENT OPPORTUNITY: 5.14-acre site condo available in Phase 2 of Western Michigan University's renowned Business Technology and Research Park in Kalamazoo. Located adjacent to the fully occupied BTR 1, this site is situated along US-131 on Drake Road, just north of Parkview Avenue. Subject to a Master Deed, property is zoned BRP - Business and Research Park in Oshtemo Township and offers access to electric, natural gas and City of Kalamazoo water/sewer. Parcel dimensions are approximate and may vary based on buyer's needs. Sale subject to approval of intended use, plans and specifications by WMU, Oshtemo Township and the United States Economic Development Administration (EDA). Final opportunity to join Ascension Borgess, Bronson and Faraday Defense in this new 55- acre development!
Property Details
Property Features
Listing Office:
Office Name: NAI Wisinski of West Michigan
Office Phone: (269) 353-0311
Listing Agent: Jodi K Milks
Lot Features
Lot Information:
Lot: Level
Lot Size: 5.14 Acres
Other
Directions Information:
Directions: Northwest corner of S. Drake Road and Parkview Avenue.
Price Information
Listing Price Info
Price Summary:
List Price: $375,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Kalamazoo, MI.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,939
Per Month
Principal & Interest
$1,872
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,191
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Indian Prairie Elementary School
3546 Grand Prairie Rd
Distance between this listing and this school1.16 miles
Public District Grades PK-3
4
/10
King - Westwood Elementary School
1100 Nichols Rd
Distance between this listing and this school1.89 miles
Public District Grades KG-5
7
/10
Parchment Northwood Elementary School
600 Edison St
Distance between this listing and this school2.76 miles
Public District Grades PK-3
Nearby Schools
3
/10
Hillside Middle School
1941 Alamo Ave
Distance between this listing and this school2.20 miles
Public District Grades 6-8
3
/10
Linden Grove Middle School
4241 Arboretum Pkwy
Distance between this listing and this school2.76 miles
Public District Grades 6-8
3
/10
Parchment Middle School
307 N Riverview Dr
Distance between this listing and this school3.89 miles
Public District Grades 6-8
Nearby Schools
5
/10
Kalamazoo Central High School
2432 N Drake Rd
Distance between this listing and this school0.68 miles
Public District Grades 9-12
1
/10
Phoenix Alternative High School
1411 Oakland Dr
Distance between this listing and this school4.02 miles
Public District Grades 9-12
1
/10
Barclay Hills Education Center
1125 E Mosel Ave
Distance between this listing and this school4.08 miles
The neighbors living near this home have an average income of $47,422. Most Kalamazoo, MI residents have annual incomes between $35k-100k. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In Kalamazoo, MI
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Kalamazoo, MI.
Kalamazoo's housing market is diverse, offering a mix of architectural styles that cater to a range of preferences. Single-family homes are prevalent, with a significant portion featuring historic Victorian and Craftsman designs, reflecting the city's rich architectural heritage. The market also includes modern condominiums and apartments, providing options for those seeking urban living. The homeownership rate in Kalamazoo is robust, with a healthy balance between owners and renters in the community.
What is it like to live in Kalamazoo, MI?
Kalamazoo prides itself on being a vibrant and culturally rich community, with a strong emphasis on education and the arts. The city is celebrated for its annual events such as the Kalamazoo Animation Festival International and the Kalamazoo Blues Festival, which showcase the community's artistic spirit and collective values. The presence of Western Michigan University adds a youthful energy to the city, fostering an environment of innovation and learning.
Is it easy to get around Kalamazoo, MI without a car?
The community benefits from a solid educational system, including a number of public and private schools that cater to various educational needs, as well as higher education institutions like Western Michigan University and Kalamazoo College. Healthcare services are comprehensive, with several hospitals and clinics offering a range of medical services from primary care to specialized treatments. The public library system is well-developed, and the city's retail and dining scenes reflect the local culture, with an emphasis on farm-to-table restaurants and locally-owned shops.
Transportation in Kalamazoo, MI.
Kalamazoo features a reliable public transportation system with buses running on a regular schedule, facilitating easy access across the city. While ride-sharing services are available, the city also promotes walkability, particularly in the downtown area which is designed to be pedestrian-friendly. The city is well-connected by major roads and highways, including I-94 and US-131, which support commuting and regional travel. Efforts to enhance transportation efficiency and accessibility are ongoing, with improvements to public transit and road infrastructure.
Frequently Asked Questions About 5010 S Drake Rd Unit 4
What is the listing price of this property?
The listing price of 5010 S Drake Rd Unit 4 property is $375,000.
What type of property is this?
The property 5010 S Drake Rd Unit 4 is land located in Kalamazoo, Michigan, 49009.
Is this property for sale now?
Active Listing: 5010 S Drake Rd Unit 4 is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 5010 S Drake Rd Unit 4 is 5.14 acres.
Interested in 5010 S Drake Rd Unit 4? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5010 S Drake Rd Unit 4 in Kalamazoo, MI and zip code 49009. This home sits on a 5.14 acre lot. It has been listed on Rocket Homes since March 10, 2020 and is currently priced at $375,000.
While more than 38 listings in Kalamazoo, MI in October 2024 were sold above asking price, there were more than 29 listings sold at asking price, and more than 65 were sold below. The inventory of homes for sale in Kalamazoo, MI between September 2024 and October 2024 increased by 5.7%. Listings spent 28 days on the market in October 2024, and had a median list price of $227,301 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Pro Wrestling
Pro Wrestling
College Football
PGA/LPGA
Family Dollar
Best Buy
Express/Express For Men
Dominos Pizza
Texas Roadhouse
Sonic
Ford
Ram
Kia
New Country
Contemporary Christian
Oldies