Single-Tenant Office
5990 Venture Park Drive, Kalamazoo, MI 49009
New
COMMERCIAL - Kalamazoo, MI
Type:Office
Property size:
6,800 SFLot size:
1.24 AcresPrice / SF:
$132/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 6:06 pm
Property Features for 5990 Venture Park Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking
- 22
- Standard status
- Active
- APN
- 05-25-153-150
- Size
- 6,800 SF
- Lot size
- 1.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- On file.
- Tax Annual Amount
- 24493
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
Listing agent Kara Schroer License #6501373674 (269) 353-0311
Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI (269) 353-0311
Listing date Jun 2, 2026
MLS# 26026463
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
- 6,800 SF office building on 1.236 acres in Oshtemo Township, on Venture Park Drive just off Stadium Drive
- Brick construction built in 1998 with forced‑air heating and central air
- Configured for a single tenant; previously occupied by two tenants with potential to convert back to a multi‑tenant layout
- Office layout includes private offices, meeting rooms, open work areas, break room, and storage
- 22 on‑site parking spaces (about 3.23 per 1,000 SF)
- Cable available
Overview
This office building totals approximately 6,800 square feet and is currently configured for a single tenant. The interior includes private offices, meeting rooms, open work areas, a break room, and storage, giving it a functional mix for day-to-day office operations. With 22 on-site parking spaces, the property supports convenient access for employees and visitors.
The building is located on Venture Park Drive in Oshtemo Township, just off Stadium Drive. It sits on about 1.24 acres, providing a site that fits well with a professional office use in a market where building ownership opportunities may be limited.
From a tenant or buyer perspective, the existing layout can support an owner-user looking to consolidate operations, while the building’s past multi-tenant configuration suggests flexibility to convert back to a two-tenant style arrangement if desired. For investors, the current long-time tenant may be open to extending its lease, offering potential for continuity alongside future leasing upside.
The building is located on Venture Park Drive in Oshtemo Township, just off Stadium Drive. It sits on about 1.24 acres, providing a site that fits well with a professional office use in a market where building ownership opportunities may be limited.
From a tenant or buyer perspective, the existing layout can support an owner-user looking to consolidate operations, while the building’s past multi-tenant configuration suggests flexibility to convert back to a two-tenant style arrangement if desired. For investors, the current long-time tenant may be open to extending its lease, offering potential for continuity alongside future leasing upside.
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 | $97.9k | $14.40 |
| − Vacancy | −$7.1k | −$1.04 |
| EGI | $90.9k | $13.36 |
| − OpEx | −$22.7k | −$3.34 |
| NOI | $68.2k | $10.02 |
6,800 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$973.6K
$851.9K – $1.14M
NOI $68,152 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,559 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Chelsea Kishler
Physician
Megan Byers
Rehabilitation Center
Lisa Brown
Rehabilitation Center
Lynn Urban
Physician
Melanie Vanhouten
Rehabilitation Center
Location Insight
- Map
- Local Demand
- City
- Kalamazoo
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.666947
- Latitude
- 42.26875
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - A 6,800 SF office building with private offices, meeting space, and ample parking, suited for an owner or investor.
Where is this office building located?
The property is located at 5990 Venture Park Drive Kalamazoo, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 6,800 SF office building on 1.236 acres in Oshtemo Township, on Venture Park Drive just off Stadium Drive; Brick construction built in 1998 with forced‑air heating and central air; Configured for a single tenant; previously occupied by two tenants with potential to convert back to a multi‑tenant layout
