Operating movie theater for sale in downtown Kalamazoo, Michigan. Excellent redevelopment and/or repurposing opportunity. The building is 77,046 SF (per the City of Kalamazoo) with 2 floors on 1.838 acres (per the City of Kalamazoo). 180 Portage Street is located in a Michigan Opportunity Zone (http://miopportunityzones.com/).
Located across the street from Western Michigan University’s Homer Stryker M.D. School of Medicine. Many restaurants, cultural experiences, and shops are within walking distance, including the historic outdoor Kalamazoo Mall, which is two blocks from the property. The Kalamazoo Amtrak station is a 10-minute walk from the subject property. The property is connected to the Kalamazoo Mall Ramp parking structure and across South Street from the Epic Center Ramp for over 1,200 parking spaces within one block of the property.
Downtown Kalamazoo has seen a recent development boom with new apartment projects (400Rose.com, 180ewaterstreet.com), hotels (Home2 Suites, Hilton Garden Inn), and municipal buildings (Kalamazoo County Downtown Justice Facility) among others. Plans were announced to build a 320,000 SF arena and event center in downtown Kalamazoo with capacity to host more than 230 events per year.