Secure Flex Space with Loading
For Sale
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1206 E Crosstown Parkway Lab, Kalamazoo, MI 49001
Adaptable M-1 property combines office and production areas with secured outdoor space and subdivision potential.
Property Size24,454 SF
Lot Size1.75 Acres
Price / SF$0.00
Days on Market48
Property Features for 1206 E Crosstown Parkway Lab
General Information
Standard status
Active
Size
24,454 SF
Lot size
1.75 Acres
Zoning
M-1
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
1
Drive-In Doors
1
Sprinkler System
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
24,454 SF
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Source:
Corneliusteam
Added: Sep 7
Changed: Oct 1
Last Checked: Oct 23 at 6:28AM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This light industrial flex property offers from 2,184 SF up to 24,454 SF of office and production space, with the ability to subdivide the building. The former laboratory facility includes fire suppression, upgraded electrical service, ceiling heights ranging from 10 to 14 feet, one loading dock, and one grade-level door. The layout can support laboratory, light industrial, research and development, storage, showroom, or similar operations, subject to applicable requirements.
The property occupies 1.75 acres at 1206 E Crosstown Parkway in Kalamazoo, Michigan. A fully fenced and secured lot adds controlled outdoor space for the facility. The combination of flexible sizing, industrial improvements, and loading access provides a practical base for a range of commercial operations.
The property occupies 1.75 acres at 1206 E Crosstown Parkway in Kalamazoo, Michigan. A fully fenced and secured lot adds controlled outdoor space for the facility. The combination of flexible sizing, industrial improvements, and loading access provides a practical base for a range of commercial operations.
Key Highlights
- 2,184 SF up to 24,454 SF of available light industrial space
- M‑1 zoning supports the stated industrial property profile
- Former laboratory facility with fire suppression and electrical upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,953
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,299,060
$3.3M
Cap Rate 7%
$2,356,471
$2.4M
Cap Rate 9%
$1,832,811
$1.8M
Market Conditions
NOI Build-Up for 24,454 SF
Gross rent
$270.0K $11.04/SF
− Vacancy
−$16.2K −$0.66/SF
EGI
$253.8K $10.38/SF
− OpEx
−$88.8K −$3.63/SF
NOI
$165.0K $6.75/SF
Area
Kalamazoo County, MI
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,299,060
Cap Rate 7%
$2,356,471
Cap Rate 9%
$1,832,811
Alternative Uses
Best Use
Industrial
$5.27M
$4.61M – $6.15M
NOI $368,890 @ 7.0% cap · market cap 4,611,125.00%
Second Best
Flex RnD
$2.36M
$2.06M – $2.75M
NOI $164,953 @ 7.0% cap · market cap 2,061,912.50%
Theoretical Best
Warehouse
$6.40M
$5.60M – $7.47M
NOI $447,938 @ 7.0% cap · market cap 5,599,225.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49001, MI
21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Aundreye's Kitchen — 708 Harrison St, Kalamazoo, MI 49007
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable M-1 property combines office and production areas with secured outdoor space and subdivision potential.
Where is this flex space located?
The property is located at 1206 E Crosstown Parkway Lab Kalamazoo, MI.
What are key features of this property?
This property features: 2,184 SF up to 24,454 SF of available light industrial space; M‑1 zoning supports the stated industrial property profile; Former laboratory facility with fire suppression and electrical upgrades
