Remodeled Office
For Sale
$450,000
107 W Michigan Avenue, Kalamazoo, MI 49007
Commercial Sale, Kalamazoo, MI
Property Size1,658 SF
Lot Size0.12 Acres
Price / SF$271.41
Days on Market470
Property Features for 107 W Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CCBD
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Directions
Southwest corner of W. Michigan Avenue and S. Kalamazoo Mall in downtown Kalamazoo.
Subdivision
Greater Kalamazoo - K
Standard status
Active
APN
39000615381011
Size
1,658 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KALAMAZOO COUNTY CONDOMINIUM SUBDIVISION PLAN 1 LIBER 883 PAGE 404 UNIT 9 THE KALAMAZOO BUILDING, A CONDOMINIUM PA 255
Tax Annual Amount
5600
Legal Description
KALAMAZOO COUNTY CONDOMINIUM SUBDIVISION PLAN 1 LIBER 883 PAGE 404 UNIT 9 THE KALAMAZOO BUILDING, A CONDOMINIUM PA 255
Utilities
Utilities
Cable Available
Heating system
Radiant, Forced Air
Cooling system
Central Air
Amenities
private rooftop patio
wood-burning fireplace
Building Details
Year built
1907
Number of units
2
Building materials
Brick
Roof type
Rubber
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 629-7653
Listed By:
Bill Sikkema · License #6501305544
(269) 207-7270
Added: Jul 3, 2025
Changed: Oct 8
Last Checked: Oct 15 at 7:06PM
MLS# 25032884
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Positioned on the 9th floor of the Kalamazoo Building, this office condominium combines two units into 1,658 square feet of remodeled workspace. The interior includes an open floor plan, private entrance, high ceilings, new flooring, a new kitchen, and a new bathroom. Original woodwork remains, complemented by a wood-burning fireplace and a spiral staircase leading to a private rooftop patio.
The property is located at the corner of Michigan Avenue and the Kalamazoo Mall in Downtown Kalamazoo. Large windows provide unobstructed city views, while the building’s 1907 brick construction adds historic character. Heating includes radiant and forced air systems, with central air conditioning.
The property is located at the corner of Michigan Avenue and the Kalamazoo Mall in Downtown Kalamazoo. Large windows provide unobstructed city views, while the building’s 1907 brick construction adds historic character. Heating includes radiant and forced air systems, with central air conditioning.
Key Highlights
- Two combined office units totaling 1,658 SF
- 9th‑floor position in the Kalamazoo Building
- Remodeled with new kitchen, bathroom, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,617
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
$332.3K
Cap Rate 7%
$237,386
$237.4K
Cap Rate 9%
$184,633
$184.6K
Market Conditions
NOI Build-Up for 1,658 SF
Gross rent
$23.9K $14.40/SF
− Vacancy
−$1.7K −$1.04/SF
EGI
$22.2K $13.36/SF
− OpEx
−$5.5K −$3.34/SF
NOI
$16.6K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
Cap Rate 7%
$237,386
Cap Rate 9%
$184,633
Alternative Uses
Best Use
Office B
$237.4K
$207.7K – $277.0K
NOI $16,617 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$433.9K
$379.6K – $506.2K
NOI $30,371 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Combined office units feature an open layout, private entrance, rooftop patio access, and elevated downtown views.
Where is this office units located?
The property is located at 107 W Michigan Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two combined office units totaling 1,658 SF; 9th‑floor position in the Kalamazoo Building; Remodeled with new kitchen, bathroom, and flooring
