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Downtown Kalamazoo Mixed-Use Opportunity

414-424 Walbridge Street, Kalamazoo, MI 49007

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For Sale

$2,000,000

COMMERCIAL - Kalamazoo, MI

Property size:

9,934 SF

Lot size:

0.47 Acres

Price / SF:

$201/SF

HighLights

Located in a designated Opportunity Zone, offering potential financial benefits.
Turnkey commercial kitchen space suitable for foodservice operations.
10,000 square foot building primed for mixed‑use development.
Includes a vacant lot north of the building, expanding development possibilities.
Features grade‑level overhead doors and a freight elevator for easy access and transport.
Includes a turnkey coffee shop.

We can help!

Listing Contact

Jason R Carpenter

For Sale

$2,000,000

COMMERCIAL - Kalamazoo, MI

Property size:

9,934 SF

Lot size:

0.47 Acres

Price / SF:

$201/SF

Added:: Feb 14, 2025
Days on Market:: 485
Last Refresh:: Jun 14 at 9:06 am

Property Features for 414-424 Walbridge Street

General Information

Property type: Commercial Sale
Property subtype: Other
Bathrooms: 1
Rooms: Bathroom 1, Basement
Parking: 12
Standard status: Active
APN: 06-15-408-012 & 06-15-403-001
Size: 9,934 SF
Lot size: 0.47 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: See attached document
Tax Annual Amount: 5759

Utilities

Utilities: Natural Gas Available
Heating system: Forced Air

Building Details

Year built: 1926
Number of units: 1
Building materials: Brick
Roof type: Rubber

We can help!

Listing Contact

Jason R Carpenter

Listing agent Jason R Carpenter License #6502430921

Listing office Keller Williams GR East 1555 Arboretum Dr. SE Ste 101, Grand Rapids, MI

Listing date Feb 14, 2025

MLS# 25006146

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

Located in a designated Opportunity Zone, offering potential financial benefits.
Turnkey commercial kitchen space suitable for foodservice operations.
10,000 square foot building primed for mixed‑use development.
Includes a vacant lot north of the building, expanding development possibilities.
Features grade‑level overhead doors and a freight elevator for easy access and transport.
Includes a turnkey coffee shop.

Overview

This 9,934 square foot property, located in downtown Kalamazoo, presents an eclectic investment opportunity. The former autoparts manufacturing facility is primed for mixed-use development and includes a vacant lot to the north of the building. The property features grade-level overhead doors, a freight elevator, and a commercial kitchen. A turnkey coffee shop is also included. Situated in an opportunity zone, the property offers potential financial benefits. The 0.47-acre lot provides space for redevelopment or opening a foodservice establishment.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$219.3k	$22.08
− Vacancy	−$5.3k	−$0.53
EGI	$214.1k	$21.55
− OpEx	−$64.2k	−$6.47
NOI	$149.9k	$15.09

9,934 SF · lease $22.08/SF/yr · vacancy 2.40% · expense 30.00%

Alternative Uses

Best Use

Industrial

$2.14M

$1.87M – $2.50M (±1% cap)

NOI $149,855 @ 7.0% cap · market cap 7.49%

Second Best

Mixed Use

$1.47M

$1.29M – $1.71M (±1% cap)

NOI $102,817 @ 7.0% cap · market cap 5.14%

Theoretical Best

Warehouse

$2.60M

$2.27M – $3.03M (±1% cap)

NOI $181,967 @ 7.0% cap · market cap 9.10%

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

Property Profile Location Intelligence

Current Use by Public Records

Coffee shops

Suggested Use

Location Insight

Map
Local Demand

City: Kalamazoo
County: Kalamazoo
State: Michigan
Longitude: -85.576326
Latitude: 42.295115

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For sale
Mixed-use properties
MI
Kalamazoo
49007
414-424 Walbridge Street

What type of property is this?

Mixed-use property - Turnkey investment opportunity in downtown Kalamazoo with mixed-use potential.

Where is this mixed-use property located?

The property is located at 414-424 Walbridge Street Kalamazoo, MI.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Located in a designated Opportunity Zone, offering potential financial benefits.; Turnkey commercial kitchen space suitable for foodservice operations.; **10,000 square foot building primed for mixed‑use development.**

414-424 Walbridge Street, Kalamazoo, MI 49007

COMMERCIAL - Kalamazoo, MI

Property Features for 414-424 Walbridge Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Industrial

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

Kalamazoo Light Industrial Building

Renovated Office Building on Stadium

Kalamazoo Office Buildings on Stadium

First-Floor Office Condominium

Kalamazoo Retail/Professional Services Space

Renovated Retail or Personal Service

Four-Bay Warehouse with Office Quarters

Kalamazoo Commercial Property on Two Lots

Flex Space Building with Offices

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