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Kalamazoo Investment Property For Sale

2318 Gull Road Kalamazoo, MI 49048

2318 Gull Road, Kalamazoo, MI, 49048

$1,399,000

For Sale

$1,399,000

COMMERCIAL - Kalamazoo, MI

Property Size6,924 SF

Lot Size5.60 Acres

Price / SF$202.05

AddedApr 21

Days on Market85

Last RefreshJul 14 at 6:06 pm

Property Features for 2318 Gull Road

General Information

Property type: Commercial Sale
Property subtype: Office
Bathrooms: 4
Rooms: Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Interior features: Broadband
Standard status: Active
APN: 06-11-450-059
Size: 6,924 SF
Lot size: 5.60 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: On file
Tax Annual Amount: 32004

Utilities

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

Building Details

Year built: 1930
Floors in Building: 2
Number of units: 2
Building materials: Wood Siding, Brick
Roof type: Composition

Listing agent Rob Peterson

Listing office Dover Birch & Associates 311 Page Street, Vicksburg, MI

Listing date Apr 21, 2026

MLS# 26016860

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 fully leased investment property is situated across from Beacon Hospital (formerly Borgess) on over 5.6 acres of C-1 zoned land. The property includes two buildings. The first is a single-story, 5,388 square foot medical office building that features dock access. The second building is a 1,536 square foot, two-story house that has been converted into office space. An ample parking lot is shared between the two buildings, and the site offers plenty of land for expansion.

Key Highlights

Fully leased investment property provides immediate income
Located across from Beacon Hospital (formerly Borgess)
Over 5.6 acres of C‑1 zoned property allows for various commercial uses

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$99.7k	$14.40
− Vacancy	−$7.2k	−$1.04
EGI	$92.5k	$13.36
− OpEx	−$23.1k	−$3.34
NOI	$69.4k	$10.02

6,924 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$991.4K

$867.4K – $1.16M (±1% cap)

NOI $69,395 @ 7.0% cap · market cap 4.96%

Second Best

Healthcare Medical

$889.3K

$778.2K – $1.04M (±1% cap)

NOI $62,254 @ 7.0% cap · market cap 4.45%

Theoretical Best

Warehouse

$1.81M

$1.59M – $2.11M (±1% cap)

NOI $126,831 @ 7.0% cap · market cap 9.07%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Paragon Health Doctor Rowe Orthopaedic Center Medical Clinic Hanger Clinic: Prosthetics ... Orthotics & Prosthetics Service Rowe Bruce a MD Physician Kevin Hetland Orthotics & Prosthetics Service

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For sale
Medical Office Space
MI
Kalamazoo
49048
2318 Gull Road

What type of property is this?

Medical Office Space - Fully leased commercial property near Beacon Hospital on 5.6 acres.

Where is this medical office space located?

The property is located at 2318 Gull Road Kalamazoo, MI.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: Fully leased investment property provides immediate income; Located across from Beacon Hospital (formerly Borgess); Over 5.6 acres of C‑1 zoned property allows for various commercial uses

2318 Gull Road Kalamazoo, MI 49048

COMMERCIAL - Kalamazoo, MI

Property Features for 2318 Gull Road

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Single-Tenant Office Building Opportunity

Freestanding Former Bank with Drive-Thru

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

Freestanding Office Building

Light Industrial Lab-Style Building

C4 Zoned Retail/Service Building

Two-Story Office Building

Four-Bay Warehouse with Office Quarters

FAQs