Lab-Equipped Flex
For Sale
Contact for pricing
1206 E Crosstown Parkway Rear Warehouse, Kalamazoo, MI 49001
M-1-zoned flex space combines office and production areas with subdivision potential.
Property Size24,454 SF
Lot Size1.75 Acres
Price / SF$0.00
Days on Market49
Property Features for 1206 E Crosstown Parkway Rear Warehouse
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
Buildings
1
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:
Blueowlprop
Added: Sep 6
Changed: Oct 10
Last Checked: Oct 23 at 6:55AM
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 flex property offers 2,184 SF up to 24,454 SF of light industrial space within a former laboratory facility. The layout combines office and production areas and can accommodate lab, light industrial, R&D, storage, showroom, or similar uses. The building is equipped with fire suppression, electrical upgrades, 10-14' ceilings, one loading dock, and one grade-level door. Space can be subdivided to support different occupancy requirements.
The property includes 1.75 acres with a fully fenced and secured lot. Located at 1206 E Crosstown Parkway in Kalamazoo, the M-1-zoned facility provides a combination of specialized building features, land, and flexible commercial configuration.
The property includes 1.75 acres with a fully fenced and secured lot. Located at 1206 E Crosstown Parkway in Kalamazoo, the M-1-zoned facility provides a combination of specialized building features, land, and flexible commercial configuration.
Key Highlights
- 2,184 SF up to 24,454 SF of light industrial space
- Former lab facility with office and production areas
- M‑1 zoning supports lab, light industrial, R&D, storage, and showroom uses
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
Warehouse
$6.40M
$5.60M – $7.47M
NOI $447,938 @ 7.0% cap · market cap 7,465,633.33%
Second Best
Industrial
$5.27M
$4.61M – $6.15M
NOI $368,890 @ 7.0% cap · market cap 6,148,166.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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 Office 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 - M-1-zoned flex space combines office and production areas with subdivision potential.
Where is this flex space located?
The property is located at 1206 E Crosstown Parkway Rear Warehouse Kalamazoo, MI.
What are key features of this property?
This property features: 2,184 SF up to 24,454 SF of light industrial space; Former lab facility with office and production areas; M‑1 zoning supports lab, light industrial, R&D, storage, and showroom uses
