Four-Unit Retail
125 N Davis Street, Vicksburg, MI 49097
For Sale
$479,900
Commercial Sale, Vicksburg, MI
Property Size5,050 SF
Lot Size0.98 Acres
Price / SF$95.03
Days on Market107
Property Features for 125 N Davis Street
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Roof type
Listing Agency:
Berkshire Hathaway HomeServices MI
Listed By:
Ryan Rider · License #6501273398
(269) 344-8599
Added: Jul 24
Changed: Oct 30
Last Checked: Nov 7 at 6:06PM
MLS# 26038839
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,050-square-foot retail property contains four commercial units and was built in 2004. The building includes central air, forced-air heating, broadband availability, a composition roof, and two bathrooms. Separate utilities serve the units, and the property is fully occupied, including one tenant with more than 20 years of occupancy.
The 0.98-acre site is zoned commercial corridor and has frontage along four roads. Parking is available on site, with additional land that may support an expansion of the existing building or construction of another improvement. The parcel may also be divided into a separate lot, subject to applicable requirements.
The 0.98-acre site is zoned commercial corridor and has frontage along four roads. Parking is available on site, with additional land that may support an expansion of the existing building or construction of another improvement. The parcel may also be divided into a separate lot, subject to applicable requirements.
Key Highlights
- 5,050‑square‑foot retail building with four units
- 0.98‑acre commercial corridor‑zoned site
- Frontage along four roads
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,827
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,540
$696.5K
Cap Rate 7%
$497,529
$497.5K
Cap Rate 9%
$386,967
$387.0K
Market Conditions
NOI Build-Up for 5,050 SF
Gross rent
$60.6K $12.00/SF
− Vacancy
−$10.8K −$2.15/SF
EGI
$49.8K $9.85/SF
− OpEx
−$14.9K −$2.96/SF
NOI
$34.8K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,540
Cap Rate 7%
$497,529
Cap Rate 9%
$386,967
Alternative Uses
Best Use
Retail
$497.5K
$435.3K – $580.5K
NOI $34,827 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.32M
$1.16M – $1.54M
NOI $92,504 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 43%
Dining 11%
Family Fare
Groceries
14,417 visits/mo
0.2 miles
Dollar General
Shops & Services
7,653 visits/mo
0.2 miles
Speedway
Shops & Services
6,256 visits/mo
0.3 miles
Hungry Howie's Pizza
Dining
2,435 visits/mo
0.2 miles
SUBWAY
Dining
1,218 visits/mo
0.2 miles
Demographics for 49097, MI
11,353
Population
4,861
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
70.0 sq mi
ZIP Area
162
Density / Sq Mi
$82,051
Median Household Income
$52,585
Median Earnings
$933
Median Rent
$224,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Kalamazoo County, MI
Properties on Market for Retail space in Kalamazoo County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied commercial property with separate utilities, parking, and room for additional development.
Where is this retail space located?
The property is located at 125 N Davis Street Vicksburg, MI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 5,050‑square‑foot retail building with four units; 0.98‑acre commercial corridor‑zoned site; Frontage along four roads
