5928 E Michigan Avenue, Kalamazoo, MI 49048
COMMERCIAL - Kalamazoo, MI
- Added:
- Sep 10, 2024
- Days on Market:
- 667
- Last Refresh:
- Jul 8 at 5:06 pm
Property Features for 5928 E Michigan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 390719230190
- Size
- 1,076 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SEC 19-2-10 BEG IN E LI RIVER ST AT A PT 334.06 FT N OF N LI REV PARK PLAT TH NELY TO A PT 235 FT W OF E LI SEC 19 & AB
- Tax Annual Amount
- 1980
Utilities
- Utilities
- Electricity Available
- Heating system
- Forced Air
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 1
Listing agent Pat O'Brien License #6502102326 (269) 381-6470
Listing office O'Brien Real Estate 527 S Westnedge Avenue, Kalamazoo, MI (269) 381-6470
Listing date Sep 10, 2024
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
- High‑traffic commercial corner location on M96 (E Michigan/River St) with 16,000 cars per day.
- Zoned B‑3, allowing for a wide range of retail uses, including vape stores and open‑air displays.
- Located in new Live/Work zone, allowing for residential occupancy along with retail space.
- City sewer and city water connections.
- Plenty of off‑street parking available.
- Bathroom with shower already in place.
Overview
Local Financial Insights For Retail
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 | $12.9k | $12.00 |
| − Vacancy | −$2.3k | −$2.15 |
| EGI | $10.6k | $9.85 |
| − OpEx | −$3.2k | −$2.96 |
| NOI | $7.4k | $6.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kalamazoo
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.513071
- Latitude
- 42.288276
