Office Condominium with Rooftop
New
For Sale
$450,000
107 W Michigan Avenue #9 & 11, Kalamazoo, MI 49007
Two combined office units feature a private entrance and updated interior finishes.
Property Size1,658 SF
Price / SF$271.41
Days on Market5
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
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,600
Amenities
private rooftop patio
wood-burning fireplace
Building Details
Building Size
1,658 SF
Year Built
1907
Buildings
1
Stories
1658
Units
2
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 629-7653
Listed By:
Bill Sikkema · License #6501305544
(269) 207-7270
Source:
Homeflexrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 30 at 6:59AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the ninth floor of the Kalamazoo Building, this 1,658-square-foot office condominium combines two units into an open layout with a private entrance. Recent improvements include a kitchen, bathroom and flooring, while original woodwork remains. High ceilings, a wood-burning fireplace and city views complement the interior. A spiral stairway connects the office to a private rooftop patio, with potential to extend the patio across additional roof deck area.
The 1907 building stands at Michigan Avenue and the Kalamazoo Mall in downtown Kalamazoo. The property is zoned CCBD.
The 1907 building stands at Michigan Avenue and the Kalamazoo Mall in downtown Kalamazoo. The property is zoned CCBD.
Key Highlights
- Two combined office units totaling 1,658 SF
- Private entrance and open floor plan on the 9th floor
- Kitchen, bathroom and flooring updated; original woodwork retained
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,617
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
$332.3K
Cap Rate 7%
$237,386
$237.4K
Cap Rate 9%
$184,633
$184.6K
Market Conditions
NOI Build-Up for 1,658 SF
Gross rent
$23.9K $14.40/SF
− Vacancy
−$1.7K −$1.04/SF
EGI
$22.2K $13.36/SF
− OpEx
−$5.5K −$3.34/SF
NOI
$16.6K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
Cap Rate 7%
$237,386
Cap Rate 9%
$184,633
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.
How Realmo checks its estimates
Property Analytics
Current Use
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
Frequently Asked Questions
What type of property is this?
Office unit - Two combined office units feature a private entrance and updated interior finishes.
Where is this office unit 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 units totaling 1,658 SF; Private entrance and open floor plan on the 9th floor; Kitchen, bathroom and flooring updated; original woodwork retained
