Office Building with Fenced
215 N Kalamazoo Street Paw Paw, MI 49079
For Sale
$319,900
COMMERCIAL - Paw Paw, MI
Property Size1,885 SF
Lot Size0.40 Acres
Price / SF$169.71
Days on Market200
Property Features for 215 N Kalamazoo Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 80-47-105-009-00
- Size
- 1,885 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- in file
- Tax Annual Amount
- 5972
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
Listing Agency:
Gale Realty, LLC
(269) 657-8140
Listed By:
Mark Gale
(269) 268-6283
Added: Jan 7
Changed: Jul 25
Last Checked: Jul 26 at 8:06AM
MLS# 26001835
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.
Freestanding office building for sale offering 6 private offices, a conference room, and a “stunning” front lobby. The interior includes 3 bathrooms and handicap ramp accessibility. A full basement with a full bath and shower provides additional finished or usable space. The property sits on a large corner lot and features a fenced, paved parking area.
Located in downtown Paw Paw, the building is positioned next to the Post office and within the downtown business area, about 2 blocks from the courthouse. The listing notes that a possible land contract may be available. Listed price includes all furniture, desks and chairs, and file cabinets.
Located in downtown Paw Paw, the building is positioned next to the Post office and within the downtown business area, about 2 blocks from the courthouse. The listing notes that a possible land contract may be available. Listed price includes all furniture, desks and chairs, and file cabinets.
Key Highlights
- Brick professional office building built in 1952 with central air and forced‑air heating
- Large corner lot with fenced, paved parking lot
- Includes 6 private offices plus a conference room and a front lobby
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $17.04 |
| − Vacancy | −$6.4k | −$3.37 |
| EGI | $25.8k | $13.67 |
| − OpEx | −$6.4k | −$3.42 |
| NOI | $19.3k | $10.25 |
1,885 SF · lease $17.04/SF/yr · vacancy 19.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$276.0K
$241.5K – $322.0K
NOI $19,320 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$23.31M
$20.39M – $27.19M
NOI $1,631,539 @ 7.0% cap · market cap 510.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Appraisal One Co
Real Estate Agency
Gale Realty
Real Estate Agency
Christensen Marilyn J
Physician
Suzy Glomski, Realtor ...
Real Estate Agency
Jessica Szkody, Realtor- ...
Real Estate Agency
FAQs
What type of property is this?
Office building - Freestanding office building with six private offices, conference room, and fenced paved parking on a large corner lot.
Where is this office building located?
The property is located at 215 N Kalamazoo Street Paw Paw, MI.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Brick professional office building built in 1952 with central air and forced‑air heating; Large corner lot with fenced, paved parking lot; Includes 6 private offices plus a conference room and a front lobby
