Kalamazoo is a vibrant city in southwestern Michigan, known for its rich history, diverse culture, and strong economy. As of the 2020 census, the city had a population of 73,598, with the Kalamazoo-Portage metropolitan area encompassing over 261,000 residents. The city is home to several higher education institutions, including Western Michigan University and Kalamazoo College, contributing to a well-educated workforce. Kalamazoo's economy is bolstered by major employers such as Stryker Corporation, Pfizer, and Bronson Healthcare, making it a hub for healthcare and technology industries .

Real Estate Market in Kalamazoo County

The real estate market in Kalamazoo County has shown resilience and growth. As of November 2024, the median sale price for homes in the county was $269,950, marking a 12.5% increase from the previous year . Despite this upward trend, the market remains relatively affordable compared to national averages, making it an attractive option for both first-time homebuyers and investors.

Property Features and Potential

Land Characteristics

Size: At 4.87 acres, this property offers ample space for various development opportunities.

Topography: The flat terrain simplifies construction and landscaping efforts.

Access: Situated on a public paved road, ensuring year-round accessibility.

Utilities: Proximity to existing infrastructure may facilitate the extension of essential services.

Environmental Considerations

Flood Zone: The property is not located within a flood zone, reducing potential risks associated with water damage.

Wetlands: While a portion of the land contains wetlands, this can be an asset for conservation efforts or recreational purposes.

Development Opportunities

Given its size and location, the property is suitable for various uses, including:

Residential Development: Ideal for building a private estate or subdividing into smaller lots for single-family homes.

Agricultural Use: The land's flat topography makes it suitable for farming or horticulture.

Recreational Space: The presence of wetlands adds aesthetic value and potential for recreational activities.

Community and Lifestyle

Kalamazoo offers a blend of urban amenities and rural charm. The city boasts a vibrant arts scene, with numerous galleries, theaters, and music venues. Outdoor enthusiasts can enjoy over 80 inland lakes in Kalamazoo County, providing opportunities for boating, fishing, and hiking . The local school system is highly regarded, and the Kalamazoo Promise program offers up to 100% tuition coverage for graduates of Kalamazoo Public Schools attending college in Michigan .

Realtor

Transportation and Accessibility

The property benefits from its location along N 20th St, a public paved road, ensuring easy access to major highways and neighboring communities. Kalamazoo's central location in the state provides convenient travel options, with Interstate 94 and US Highway 131 nearby, connecting residents to Detroit, Chicago, and other major cities.

Investment Considerations

Investing in property in Kalamazoo presents several advantages:

Affordability: The median sale price in Kalamazoo County is below the national average, offering potential for appreciation.

Economic Growth: The presence of major employers and educational institutions supports a stable economy.

Quality of Life: The city's amenities and natural beauty enhance the living experience.

Conclusion

The 4.87-acre parcel at 5500 N 20th St, Kalamazoo, MI 49004, offers a unique opportunity for development in a growing community. Its size, accessibility, and environmental features make it suitable for various uses, from residential to recreational. With Kalamazoo's strong economy and quality of life, this property presents a promising investment for prospective buyers.

For more information or to schedule a viewing, please contact the listing agent.