Downtown Kalamazoo Mixed-Use
414-424 Walbridge Street Kalamazoo, MI 49007
For Sale
$2,000,000
COMMERCIAL - Kalamazoo, MI
Property Size9,934 SF
Lot Size0.47 Acres
Price / SF$201.33
Days on Market530
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
Listing Agency:
Keller Williams GR East
(616) 575-1800
Listed By:
Jason R Carpenter · License #6502430921
(616) 334-2630
Added: Feb 14, 2025
Changed: Apr 15
Last Checked: Jul 29 at 11:06AM
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.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Industrial
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 | $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
NOI $149,855 @ 7.0% cap · market cap 7.49%
Second Best
Mixed Use
$1.47M
$1.29M – $1.71M
NOI $102,817 @ 7.0% cap · market cap 5.14%
Theoretical Best
Warehouse
$2.60M
$2.27M – $3.03M
NOI $181,967 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.**
