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Kalamazoo Strip Center For Sale

1381 S Drake Road, Kalamazoo, MI 49006

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For Sale

$949,000

COMMERCIAL - Kalamazoo, MI

Property size:

7,735 SF

Lot size:

0.62 Acres

Price / SF:

$122/SF

HighLights

Strip center/mall with 7 units; 3 units currently rented and 2 vacant 2 units at approx. 1,900 SF each
Present tenants include Hungry Howes (long‑term tenant) plus a barber and a photographer
Heating: forced air; cooling: central air
Exterior construction: vinyl siding
Year built: 1985
Utilities include cable available

We can help!

Contact an agent

Rick Berner

For Sale

$949,000

COMMERCIAL - Kalamazoo, MI

Property size:

7,735 SF

Lot size:

0.62 Acres

Price / SF:

$122/SF

Added:: Feb 1, 2025
Days on Market:: 511
Last Refresh:: Jun 27 at 3:06 pm

Property Features for 1381 S Drake Road

General Information

Property type: Commercial Sale
Property subtype: Other
Bathrooms: 5
Rooms: Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 2, Bathroom 1
Standard status: Active
APN: 0619365001
Size: 7,735 SF
Lot size: 0.62 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: See Attached Schedule C
Tax Annual Amount: 17225

Utilities

Utilities: Cable Available
Heating system: Forced Air
Cooling system: Central Air

Building Details

Year built: 1985
Floors in Building: 1
Number of units: 7
Building materials: Vinyl Siding

We can help!

Contact an agent

Rick Berner

Listing agent Rick Berner

Listing office Berner Real Estate 4201 Romence Rd., Portage, MI

Listing date Feb 1, 2025

MLS# 25003841

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.

HighLights

Strip center/mall with 7 units; 3 units currently rented and 2 vacant 2 units at approx. 1,900 SF each
Present tenants include Hungry Howes (long‑term tenant) plus a barber and a photographer
Heating: forced air; cooling: central air
Exterior construction: vinyl siding
Year built: 1985
Utilities include cable available

Overview

This commercial property is a strip center or mall with seven units, three of which are currently rented. There are two vacant units, each with approximately 1,900 square feet, suitable for business use. The property benefits from high visibility in a rapidly growing retail and service corridor, enhanced by strong traffic flow and stop lights. Its location is north of Stadium Drive and near Costco, Walters Auto, and Western University Campus. Current tenants include Hungry Howes, a long-term tenant, along with a barber and a photographer. The property is situated on a 0.62-acre lot.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$92.8k	$12.00
− Vacancy	−$16.6k	−$2.15
EGI	$76.2k	$9.85
− OpEx	−$22.9k	−$2.96
NOI	$53.3k	$6.90

7,735 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$762.1K

$666.8K – $889.1K (±1% cap)

NOI $53,344 @ 7.0% cap · market cap 5.62%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,686 @ 7.0% cap · market cap 14.93%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

GoGirl Fashion Company Clothing & Fashion Store Hungry Howie's Pizza Take-out & Catering UPS Access Point ... Courier Service Boost Mobile Mobile Phone Store Let's Play Kzoo, ... Training Center

Suggested Use

Location Insight

Map
Local Demand

City: Kalamazoo
County: Kalamazoo
State: Michigan
Longitude: -85.647939
Latitude: 42.276088

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For sale
Strip malls
MI
Kalamazoo
49006
1381 S Drake Road

What type of property is this?

Strip mall - Strip center with high visibility in a rapid growing corridor.

Where is this strip mall located?

The property is located at 1381 S Drake Road Kalamazoo, MI.

What is the asking price?

The asking price for this property is $949,000.

What are key features of this property?

This property features: Strip center/mall with 7 units; 3 units currently rented and 2 vacant 2 units at approx. 1,900 SF each; Present tenants include Hungry Howes (long‑term tenant) plus a barber and a photographer; Heating: forced air; cooling: central air

1381 S Drake Road, Kalamazoo, MI 49006

COMMERCIAL - Kalamazoo, MI

Property Features for 1381 S Drake Road

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Single-Tenant Office Building Opportunity

Flex/Service Facility with Outdoor Storage

Freestanding Drive-Thru Office Retail

Renovated Office Building on Stadium

Kalamazoo Office Buildings on Stadium

First-Floor Office Condo with Basement

Renovated Retail or Personal Service

Two-Story Office Building

Four-Bay Warehouse with Office Quarters

Flex Space Building with Offices

Light Industrial Lab-Style Building

Retail Building on Westnedge Avenue

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