Flexible Commercial Building with
5100 E Michigan Avenue Kalamazoo, MI 49048
5100 E Michigan Avenue, Kalamazoo, MI, 49048
$199,900
For Sale
$199,900
COMMERCIAL - Kalamazoo, MI
Property Size1,320 SF
Lot Size0.40 Acres
Price / SF$151.44
Days on Market38
Property Features for 5100 E Michigan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 07-18-355-060
- Size
- 1,320 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- See attachment
- Tax Annual Amount
- 3182
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 2002
- Number of units
- 1
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing Agency
Five Star Real Estate
(269) 459-7898
2415 S 11th Street, Ste B, Portage, MI
Listed by
Natasha R Anderson
(269) 544-9699
Added: Jun 11 Checked: Jul 18 at 8:06 am
MLS# 26028718
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 for-sale flexible commercial building is sized at approximately 1,320 square feet and sits on about 0.4 acres. Previously operated as a car dealership, the interior configuration includes two private offices and two large open areas. That layout supports multiple operational models, from customer-facing sales and retail merchandising to office and administrative use, as well as service-oriented workflows that benefit from flexible, open floor planning.
The property is located at 5100 E Michigan Avenue in Kalamazoo, Michigan 49048. Its former dealership orientation and adaptable interior footprint make it straightforward to repurpose for a new business concept while retaining dedicated workspace for management or client meetings.
For owners and tenants seeking a compact, configurable facility, the combination of private offices and expansive open areas can accommodate everything from sales-focused operations to contractor or professional office setups. The open floor plan also lends itself to organizing inventory storage, customer service activities, or collaborative work areas without relying on heavily segmented rooms. The property’s straightforward, adaptable design is well-suited for businesses looking to tailor the space to their specific operational needs.
The property is located at 5100 E Michigan Avenue in Kalamazoo, Michigan 49048. Its former dealership orientation and adaptable interior footprint make it straightforward to repurpose for a new business concept while retaining dedicated workspace for management or client meetings.
For owners and tenants seeking a compact, configurable facility, the combination of private offices and expansive open areas can accommodate everything from sales-focused operations to contractor or professional office setups. The open floor plan also lends itself to organizing inventory storage, customer service activities, or collaborative work areas without relying on heavily segmented rooms. The property’s straightforward, adaptable design is well-suited for businesses looking to tailor the space to their specific operational needs.
Key Highlights
- Flexible commercial building formerly used as a car dealership with layout suited for sales, retail, office, service, or light commercial uses
- Two private offices plus two large open areas for customer‑facing space, open work areas, or merchandising/display setups
- Heating and cooling include forced air heating and central air
Local 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 | $19.0k | $14.40 |
| − Vacancy | −$1.4k | −$1.04 |
| EGI | $17.6k | $13.36 |
| − OpEx | −$4.4k | −$3.34 |
| NOI | $13.2k | $10.02 |
1,320 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Industrial
$284.5K
$248.9K – $331.9K
NOI $19,912 @ 7.0% cap · market cap 9.96%
Second Best
Office B
$189.0K
$165.4K – $220.5K
NOI $13,230 @ 7.0% cap · market cap 6.62%
Theoretical Best
Warehouse
$345.4K
$302.2K – $403.0K
NOI $24,179 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gregersen Photography, LLC
Photography Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - A former car dealership layout with private offices and two large open areas suited for sales, retail, or service operations.
Where is this flex space located?
The property is located at 5100 E Michigan Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Flexible commercial building formerly used as a car dealership with layout suited for sales, retail, office, service, or light commercial uses; Two private offices plus two large open areas for customer‑facing space, open work areas, or merchandising/display setups; Heating and cooling include forced air heating and central air
