Freestanding Bank Branch with
For Sale
$625,000
5135 Kalamazoo Ave SE, Grand Rapids, MI 49508
C-4 Office-zoned property offering a freestanding branch layout with convenient access to major area roads.
Property Size3,764 SF
Lot Size0.75 Acres
Price / SF$166.05
Days on Market31
Property Features for 5135 Kalamazoo Ave SE
General Information
Standard status
Active
Size
3,764 SF
Lot size
0.75 Acres
Zoning
C-4 Office
Additional Details
Road Access
Yes
Building Details
Year Built
1979
Buildings
1
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Jodi K Milks · License #6506044331
(269) 353-0311
Source:
Katie-k
Added: Sep 6
Changed: Oct 6
Last Checked: Oct 5 at 9:18PM
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
Investment Insights
Based on property information with market context.
Built in 1979, this freestanding former bank branch includes 3,210 square feet of building area along with a 350-square-foot drive-thru. The property occupies 0.75 acres and is zoned C-4 Office, supporting consideration for professional office, medical, and service-oriented uses identified for the site.
The property is located on Kalamazoo Avenue SE with access to 44th Street and 28th Street. Established neighborhood retail is nearby, with Woodland Mall and Breton Village Shopping Center also within close proximity. Availability is scheduled for September 2026.
The property is located on Kalamazoo Avenue SE with access to 44th Street and 28th Street. Established neighborhood retail is nearby, with Woodland Mall and Breton Village Shopping Center also within close proximity. Availability is scheduled for September 2026.
Key Highlights
- 3,210 SF freestanding former bank branch
- 350 SF drive‑thru
- 0.75‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,562
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,240
$1.1M
Cap Rate 7%
$779,457
$779.5K
Cap Rate 9%
$606,244
$606.2K
Market Conditions
NOI Build-Up for 3,764 SF
Gross rent
$82.7K $21.96/SF
− Vacancy
−$4.7K −$1.25/SF
EGI
$77.9K $20.71/SF
− OpEx
−$23.4K −$6.21/SF
NOI
$54.6K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,240
Cap Rate 7%
$779,457
Cap Rate 9%
$606,244
Alternative Uses
Best Use
Specialty Retail
$873.5K
$764.3K – $1.02M
NOI $61,146 @ 7.0% cap · market cap 9.78%
Second Best
Retail
$779.5K
$682.0K – $909.4K
NOI $54,562 @ 7.0% cap · market cap 8.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 49508, MI
41,851
Population
16,583
Households
2.5
Avg Household Size
36
Median Age
33%
College-Educated
88%
High-School Grad
11.8 sq mi
ZIP Area
3,547
Density / Sq Mi
$65,328
Median Household Income
$41,115
Median Earnings
$1,179
Median Rent
$257,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - C-4 Office-zoned property offering a freestanding branch layout with convenient access to major area roads.
Where is this bank located?
The property is located at 5135 Kalamazoo Ave SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,210 SF freestanding former bank branch; 350 SF drive‑thru; 0.75‑acre property
