Remodeled Office
New
For Sale
$450,000
107 W Michigan Avenue #9 & 11, Kalamazoo, MI 49007
Ninth-floor office space includes an open layout, private entry, rooftop patio, and city views.
Property Size1,658 SF
Price / SF$271.41
Days on Market3
Property Features for 107 W Michigan Avenue #9 & 11
General Information
Standard status
Active
Size
1,658 SF
Property subtype
Commercial
Zoning
CCBD
Additional Details
Floor
9
Office Units
1
Taxes and HOA fees
Annual Taxes
$5,600
Amenities
private rooftop patio
wood-burning fireplace
private entrance
Building Details
Building Size
1,658 SF
Year Built
1907
Buildings
1
Stories
1658
Units
2
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 207-7270
Listed By:
Bill Sikkema · License #6501305544
(269) 207-7270
Source:
Thebrokeragehouse
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 5:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices MI
Investment Insights
Based on property information with market context.
This office condominium occupies the ninth floor of the Kalamazoo Building and combines two units into 1,658 SF of remodeled workspace. A private entrance opens to a flexible plan with soaring ceilings, updated flooring, a new kitchen, and a new bathroom. Original woodwork remains, complemented by refined finishes and a wood-burning fireplace.
The property sits at the corner of Michigan Avenue and the Kalamazoo Mall in Downtown Kalamazoo. A spiral staircase connects the interior to a private rooftop patio, with potential to extend the usable area across the remaining roof deck. The building dates to 1907, and the property is zoned CCBD.
The property sits at the corner of Michigan Avenue and the Kalamazoo Mall in Downtown Kalamazoo. A spiral staircase connects the interior to a private rooftop patio, with potential to extend the usable area across the remaining roof deck. The building dates to 1907, and the property is zoned CCBD.
Key Highlights
- Two combined office condominium units totaling 1,658 SF
- Ninth‑floor position in the Kalamazoo Building
- Private rooftop patio with potential expansion over remaining roof deck
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 | $23.9k | $14.40 |
| − Vacancy | −$1.7k | −$1.04 |
| EGI | $22.2k | $13.36 |
| − OpEx | −$5.5k | −$3.34 |
| NOI | $16.6k | $10.02 |
1,658 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$237.4K
$207.7K – $277.0K
NOI $16,617 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$433.9K
$379.6K – $506.2K
NOI $30,371 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Ninth-floor office space includes an open layout, private entry, rooftop patio, and city views.
Where is this office units located?
The property is located at 107 W Michigan Avenue #9 & 11 Kalamazoo, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two combined office condominium units totaling 1,658 SF; Ninth‑floor position in the Kalamazoo Building; Private rooftop patio with potential expansion over remaining roof deck
