Downtown Kalamazoo Mixed-Use Opportunity

414-424 Walbridge Street, Kalamazoo, MI 49007

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For Sale

$2,000,000

Turnkey investment opportunity in downtown Kalamazoo with redevelopment potential.

Type:Commercial/Industrial

Property size:

10,000 SF

Lot size:

0.47 Acres

Price / SF:

$200/SF

HighLights

10,000 sq ft property in the heart of Downtown Kalamazoo.
Located in an opportunity zone offering potential financial benefits.
Primed for mixed‑use development or redevelopment of a former auto parts manufacturing facility.
Includes a commercial kitchen space suitable for foodservice.
Features grade‑level overhead doors and a freight elevator.
Includes a vacant lot north of the building.

We can help!

Listing Contact

Jason R Carpenter

For Sale

$2,000,000

Turnkey investment opportunity in downtown Kalamazoo with redevelopment potential.

Type:Commercial/Industrial

Property size:

10,000 SF

Lot size:

0.47 Acres

Price / SF:

$200/SF

Added:: Feb 19, 2025
Days on Market:: 477
Last Refresh:: May 19 at 10:22 pm

Property Features for 414-424 Walbridge Street

General Information

Standard status: Active
Size: 10,000 SF
Lot size: 0.47 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1926

We can help!

Listing Contact

Jason R Carpenter

Listing agent Jason R Carpenter License #6502430921

Listing office Keller Williams GR East

Listing date Feb 19, 2025

Source Exitrealty

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 Keller Williams GR East

HighLights

10,000 sq ft property in the heart of Downtown Kalamazoo.
Located in an opportunity zone offering potential financial benefits.
Primed for mixed‑use development or redevelopment of a former auto parts manufacturing facility.
Includes a commercial kitchen space suitable for foodservice.
Features grade‑level overhead doors and a freight elevator.
Includes a vacant lot north of the building.

Overview

This 10,000 square foot property, located in downtown Kalamazoo, presents an eclectic investment opportunity with redevelopment potential. The property, a former autoparts manufacturing facility, is primed for mixed use and includes a vacant lot to the north of the building. Features include grade-level overhead doors, a freight elevator, and a commercial kitchen. A turnkey coffee shop is also present. Located in an opportunity zone, the property offers potential financial benefits. The property could be redeveloped or used to open a foodservice business.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$220.8k	$22.08
− Vacancy	−$5.3k	−$0.53
EGI	$215.5k	$21.55
− OpEx	−$64.7k	−$6.47
NOI	$150.9k	$15.09

10,000 SF · lease $22.08/SF/yr · vacancy 2.40% · expense 30.00%

Alternative Uses

Best Use

Industrial

$2.16M

$1.89M – $2.51M (±1% cap)

NOI $150,851 @ 7.0% cap · market cap 7.54%

Second Best

Mixed Use

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,500 @ 7.0% cap · market cap 5.18%

Theoretical Best

Warehouse

$2.62M

$2.29M – $3.05M (±1% cap)

NOI $183,176 @ 7.0% cap · market cap 9.16%

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

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Location Insight

Map
Local Demand

City: Kalamazoo
County: Kalamazoo
State: Michigan
Longitude: -85.5765
Latitude: 42.2949

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For sale
Mixed-use properties
MI
Kalamazoo
49007
414-424 Walbridge Street

What type of property is this?

Mixed-use property - Turnkey investment opportunity in downtown Kalamazoo with redevelopment potential.

Where is this mixed-use property located?

The property is located at 414-424 Walbridge Street Kalamazoo, MI.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 10,000 sq ft property in the heart of Downtown Kalamazoo.; Located in an opportunity zone offering potential financial benefits.; Primed for mixed‑use development or redevelopment of a former auto parts manufacturing facility.