1500 Fraternity Village Drive, Kalamazoo, MI 49006
$1,500,000
Property Type:
Commercial Sale
Square Footage:
8,772
Lot Size (sq. ft.):
48,352
Status:
Active
Current Price:
$1,500,000
List Date:
11/25/2025
Last Modified:
12/13/2025
Description
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.
More Information MLS# 25059867
Location & Property Info
Cross Streets: W Michigan & End
Property Sub-Type: Business Opportunity
Area: Greater Kalamazoo - K
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 171
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 151 x 323 x 149 x 320
Road Frontage: 151
Waterfront: No
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 8772
Total SqFt: 8772
School District: Kalamazoo
Lot Measurement: Acres
Lot Acres: 1.11
Lot Square Footage: 48352
Year Built: 1998
Full Baths: 8
Tax Info
Taxable Value: 369834
SEV: 481300
For Tax Year: 2025
Seller's Annual Property Tax: 24647
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None Known
Tax ID #: 06-20-355-017
Remarks & Misc
Public Remarks: 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.
Legal: FRATERNITY VILLAGE LOT 17
Income and Expenses
Annual Maint ($): 5000
Annual Mgt Fees ($): 5800
Annual Prop Ins ($): 7000
Annual Utilities ($): 26000
Gross Op Income ($): 140800
Net Operating Income: 97000
Operating Expense: 43800
Street Type
Paved: 1
Public: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Other: 1
Construction Type
Frame/Wood: 1
Exterior Material
Aluminum Siding: 1
Brick: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Below Grade
Full: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Other: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Storm Sewer: 1
Tenant Pays All
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Location Property Info
County: Kalamazoo
Street #: 1500
Street Name: Fraternity Village
Suffix: Drive
State: MI
Zip Code: 49006
Zip (4): 5937
OfficeContract Info
Status: Active
Current Price: $1,500,000
List Price: $1,500,000
Listing Date: 2025-11-25
Remarks Misc
Directions: West on W. Michigan from Howard, South on Fraternity Village Dr. to Sorority
Property Features
Uses: Other
Business Includes: Other
Construction Type: Frame/Wood
Exterior Material: Aluminum Siding; Brick
Roofing: Composition
Below Grade: Full
Tenant Pays All: Electric; Gas; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Listing Office:
Berkshire Hathaway HomeServices MI
Listing Agent:
Dave A Schnelker
Last Updated: December - 13 - 2025
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