Property profile

107 W Michigan Ave 1 Kalamazoo, MI 49007

FOR LEASE
Commercial real estate
Property ID
US43-2351687
0.12 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,152 square foot office condominium, located on the first floor of the historic Kalamazoo Building, presents a unique leasing opportunity in the heart of Kalamazoo's Central Business District. Situated at the prominent corner of West Michigan Avenue and South Kalamazoo Mall, this space boasts a high-profile location directly across from the Radisson Plaza Hotel and adjacent to the Exchange Building. The meticulously updated interior features a blend of private, naturally lit offices, a welcoming reception/lobby area, and a well-appointed boardroom, perfect for fostering a professional and productive work environment. The open cubicle space offers adaptable layouts to suit various business needs, while an upper-level mezzanine provides additional bullpen and office space, enhancing the overall versatility of the layout. This Class B office space, built in 1907 and zoned CCBD (Kalamazoo County), offers convenient access to city parking decks and on-street parking meters. The property is also available for purchase. This is an unparalleled opportunity to secure a prestigious and functional office space in a vibrant downtown location. The multiple tenancy setup allows for flexibility in occupancy arrangements.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.12 ac (5,227 SF)
Zoning code CCBD
APN 06-15-381-001
UPID US43-2351687

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage
  • Real Estate Agency
  • Hotel & Motel Resort
  • Consultant
  • State Government Office

Location

107 W Michigan Ave, Unit 1 Kalamazoo, MI 49007
Kalamazoo metro Census 201 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

CCBD · Kalamazoo, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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