Storefront Property with Central
For Sale
$1,200,000
1524 Gull Road, Kalamazoo, MI 49048
Commercial Sale, Kalamazoo, MI
Property Size6,279 SF
Lot Size0.28 Acres
Price / SF$191.11
Days on Market263
Property Features for 1524 Gull Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
6
Interior features
Broadband
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Directions
just north of Riverview Dr.
Subdivision
Greater Kalamazoo - K
Standard status
Active
APN
06-11-389-002
Size
6,279 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COMMENCING ON THE SOUTH LINE OF ORIGINAL GULL STREET (ROAD) RIGHT-OF-WAY (BEING 66FT IN WIDTH) WITH THE N&S 1/4 LINE OF
Tax Annual Amount
6022
Legal Description
COMMENCING ON THE SOUTH LINE OF ORIGINAL GULL STREET (ROAD) RIGHT-OF-WAY (BEING 66FT IN WIDTH) WITH THE N&S 1/4 LINE OF
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1956
Number of units
2
Building materials
Block, Stone
Listing Agency:
CENTURY 21 C. Howard
(269) 381-9258
Listed By:
David Howard
(269) 207-4228
Added: Jan 15
Changed: Sep 16
Last Checked: Oct 5 at 7:06PM
MLS# 26001874
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.
Investment Insights
Based on property information with market context.
This 6,279-square-foot storefront property occupies a 0.28-acre parcel and was constructed in 1956. The building features block-and-stone construction, two bathrooms, forced-air heating, and central air conditioning. Broadband and cable availability support connectivity needs for commercial occupants.
The property is positioned across from Beacon Hospital and in front of family court, providing a setting near established civic and healthcare facilities. Its existing building systems and storefront configuration offer a defined commercial starting point for an owner-user or retail-oriented operation.
The property is positioned across from Beacon Hospital and in front of family court, providing a setting near established civic and healthcare facilities. Its existing building systems and storefront configuration offer a defined commercial starting point for an owner-user or retail-oriented operation.
Key Highlights
- 6,279‑square‑foot storefront property on a 0.28‑acre parcel
- Across from Beacon Hospital and in front of family court
- Block‑and‑stone construction completed in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,302
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,040
$866.0K
Cap Rate 7%
$618,600
$618.6K
Cap Rate 9%
$481,133
$481.1K
Market Conditions
NOI Build-Up for 6,279 SF
Gross rent
$75.3K $12.00/SF
− Vacancy
−$13.5K −$2.15/SF
EGI
$61.9K $9.85/SF
− OpEx
−$18.6K −$2.96/SF
NOI
$43.3K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,040
Cap Rate 7%
$618,600
Cap Rate 9%
$481,133
Alternative Uses
Best Use
Retail
$618.6K
$541.3K – $721.7K
NOI $43,302 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.64M
$1.44M – $1.92M
NOI $115,016 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
PNC Bank
Shops & Services
1,520 visits/mo
0.1 miles
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with block-and-stone construction, broadband access, and a location opposite Beacon Hospital.
Where is this storefront property located?
The property is located at 1524 Gull Road Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,279‑square‑foot storefront property on a 0.28‑acre parcel; Across from Beacon Hospital and in front of family court; Block‑and‑stone construction completed in 1956
