Downtown Kalamazoo Mixed-Use
414-424 Walbridge Street Kalamazoo, MI 49007
For Sale
$2,000,000
Turnkey investment opportunity in downtown Kalamazoo with redevelopment potential.
Property Size10,000 SF
Lot Size0.47 Acres
Price / SF$200
Days on Market524
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
Listing Agency:
Keller Williams GR East
(616) 334-2630
Listed By:
Jason R Carpenter · License #6502430921
(616) 334-2630
Source:
Exitrealty
Added: Feb 20, 2025
Changed: Jul 10
Last Checked: Jul 29 at 4:29AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $150,851 @ 7.0% cap · market cap 7.54%
Second Best
Mixed Use
$1.48M
$1.29M – $1.73M
NOI $103,500 @ 7.0% cap · market cap 5.18%
Theoretical Best
Warehouse
$2.62M
$2.29M – $3.05M
NOI $183,176 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
