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Retail Building in Downtown Kalamazoo

525 E Kalamazoo Kalamazoo, MI 49007

525 E Kalamazoo, Kalamazoo, MI, 49007

$399,999

For Sale

$399,999

Freestanding retail building with Adult-Use license in prime location.

Property Size2,674 SF

Price / SF$149.59

AddedOct 7, 2024

Days on Market646

Last RefreshMay 12 at 9:50 pm

Property Features for 525 E Kalamazoo

General Information

Standard status: Active
Size: 2,674 SF
Property subtype: Industrial

Building Details

Year Built: 1919

Listing office C3 CRE, LLC

Listing date Oct 7, 2024

Source Xome

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 C3 CRE, LLC

Investment Insights

Based on property information with market context.

This freestanding retail building, suitable for various retail users and investors, is available for sale. Previously operating as a provisioning center, it includes an Adult-Use license. The property is situated in a prime downtown Kalamazoo location, near three major colleges and universities. It features approximately 10 parking spaces, with additional municipal parking nearby, and one garage door at the rear. Located on East Kalamazoo Avenue, the site benefits from high traffic, with over 17,121 vehicles per day. The surrounding area has a dense residential population and a mix of national and local tenants, providing excellent exposure. The building has a size of 2674 square feet.

Key Highlights

Prime downtown Kalamazoo location near three major colleges/universities.
Includes an Adult‑Use license, making it a turnkey Provisioning Center.
High traffic location on East Kalamazoo Avenue (17,121+ vehicles per day).

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$32.1k	$12.00
− Vacancy	−$5.7k	−$2.15
EGI	$26.3k	$9.85
− OpEx	−$7.9k	−$2.96
NOI	$18.4k	$6.90

2,674 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$263.4K

$230.5K – $307.4K (±1% cap)

NOI $18,441 @ 7.0% cap · market cap 4.61%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$699.7K

$612.3K – $816.4K (±1% cap)

NOI $48,981 @ 7.0% cap · market cap 12.25%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

True Leaf Cannabis ... (Bike/Boat/Book/etc) Store

Suggested Use

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For sale
Retail space
MI
Kalamazoo
49007
525 E Kalamazoo

What type of property is this?

Retail space - Freestanding retail building with Adult-Use license in prime location.

Where is this retail space located?

The property is located at 525 E Kalamazoo Kalamazoo, MI.

What is the asking price?

The asking price for this property is $399,999.

What are key features of this property?

This property features: Prime downtown Kalamazoo location near three major colleges/universities.; Includes an Adult‑Use license, making it a turnkey Provisioning Center.; High traffic location on East Kalamazoo Avenue (17,121+ vehicles per day).