Mixed-Use Building with
For Sale
$1,100,000
100 N Edwards Street, Kalamazoo, MI 49007
Commercial Sale, Kalamazoo, MI
Property Size12,000 SF
Lot Size0.16 Acres
Price / SF$91.67
Days on Market1086
Property Features for 100 N Edwards Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Parking
2
Interior features
Broadband
Subdivision
HayMarket Downtown South to Crosstown
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Directions
West Michigan Ave to Edwards Ave. or East Michigan Ave. to North Edwards Street. Cross Streets: E. Water Street and N Edwards Street or West Michigan and N Edwards Street.
Standard status
Active
APN
0615349005
Size
12,000 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
See Attached.
Tax Annual Amount
4585
Legal Description
See Attached.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
carriage-style elevator
Building Details
Year built
1893
Floors in Building
2
Number of units
3
Building materials
Block, Brick
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 344-8599
Listed By:
Brian D Lewis · License #6591441776
(269) 488-5293
Added: Oct 16, 2023
Changed: Oct 5
Last Checked: Oct 5 at 5:06PM
MLS# 23138518
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.
Located at 100 N. Edwards Street in downtown Kalamazoo, this 12,000-square-foot mixed-use property occupies 0.16 acres and dates to 1893. Block and brick construction, a composition roof, forced-air heating, central air, and cable availability are among the existing property features.
The building includes a lower level with exposed brick walls, two bathrooms, and a carriage-style elevator. Conceptual redevelopment ideas include retail, office, bistro, dining, meeting, wine bar, and residential conversion uses; all proposed uses remain subject to buyer due diligence and required approvals. The property is approximately three blocks from the Kalamazoo Event Center project and near Michigan Avenue and Arcadia Creek Festival Place.
The building includes a lower level with exposed brick walls, two bathrooms, and a carriage-style elevator. Conceptual redevelopment ideas include retail, office, bistro, dining, meeting, wine bar, and residential conversion uses; all proposed uses remain subject to buyer due diligence and required approvals. The property is approximately three blocks from the Kalamazoo Event Center project and near Michigan Avenue and Arcadia Creek Festival Place.
Key Highlights
- 12,000 square feet on 0.16 acres
- Built in 1893 with block and brick construction
- Lower level features exposed brick walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,757
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,140
$1.7M
Cap Rate 7%
$1,182,243
$1.2M
Cap Rate 9%
$919,522
$919.5K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$144.0K $12.00/SF
− Vacancy
−$25.8K −$2.15/SF
EGI
$118.2K $9.85/SF
− OpEx
−$35.5K −$2.96/SF
NOI
$82.8K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,140
Cap Rate 7%
$1,182,243
Cap Rate 9%
$919,522
Alternative Uses
Best Use
Mixed Use
$1.77M
$1.55M – $2.07M
NOI $124,200 @ 7.0% cap · market cap 11.29%
Second Best
Retail
$1.18M
$1.03M – $1.38M
NOI $82,757 @ 7.0% cap · market cap 7.52%
Theoretical Best
Warehouse
$3.14M
$2.75M – $3.66M
NOI $219,811 @ 7.0% cap · market cap 19.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 18%
Hotels & Casinos 17%
Electronics 2%
McDonald's
Dining
15,871 visits/mo
0.4 miles
Checkers
Dining
6,149 visits/mo
0.2 miles
Barrio Tacos
Dining
4,643 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,370 visits/mo
0.5 miles
Hilton Garden Inn Kalamazoo Downtown
Hotels & Casinos
4,289 visits/mo
0.3 miles
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic brick construction with a lower level and flexible redevelopment potential, subject to due diligence and required approvals.
Where is this mixed-use property located?
The property is located at 100 N Edwards Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12,000 square feet on 0.16 acres; Built in 1893 with block and brick construction; Lower level features exposed brick walls
