Full-Floor Office
For Sale
Contact for pricing
151 S ROSE Street Suite 500, Kalamazoo, MI 49007
Open-plan downtown office space with a kitchenette and dedicated technology room.
Property Size13,669 SF
Price / SF$0.00
Days on Market102
Property Features for 151 S ROSE Street Suite 500
General Information
Standard status
Active
Size
13,669 SF
Amenities
kitchenette
dedicated tech room
Listing Agency:
Jaqua, REALTORS Commercial
(269) 216-4222
Listed By:
Marc R Tourangeau · License #6502355243
(269) 207-3072
Source:
Blueowlprop
Added: Jul 15
Changed: Oct 3
Last Checked: Oct 23 at 6:12AM
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 Jaqua, REALTORS Commercial
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Investment Insights
Based on property information with market context.
Suite 500 occupies an entire office floor within the Comerica Building and provides 13,669 SF of predominantly open workspace. The layout supports flexible planning, with an existing kitchenette and a dedicated tech room already in place. The suite may also be combined with the 4th floor to create 27,338 SF of office space.
The property is located at 151 S ROSE Street in Downtown Kalamazoo, with walkable access to dining, retail, and entertainment. Its central setting places everyday downtown amenities within convenient reach for office users.
The property is located at 151 S ROSE Street in Downtown Kalamazoo, with walkable access to dining, retail, and entertainment. Its central setting places everyday downtown amenities within convenient reach for office users.
Key Highlights
- 13,669 SF full‑floor office suite in Downtown Kalamazoo
- Suite 500 features a largely open‑concept layout
- Existing kitchenette and dedicated tech room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,996
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,739,920
$2.7M
Cap Rate 7%
$1,957,086
$2.0M
Cap Rate 9%
$1,522,178
$1.5M
Market Conditions
NOI Build-Up for 13,669 SF
Gross rent
$196.8K $14.40/SF
− Vacancy
−$14.2K −$1.04/SF
EGI
$182.7K $13.36/SF
− OpEx
−$45.7K −$3.34/SF
NOI
$137.0K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,739,920
Cap Rate 7%
$1,957,086
Cap Rate 9%
$1,522,178
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $136,996 @ 7.0% cap · market cap 1,053,815.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.58M
$3.13M – $4.17M
NOI $250,383 @ 7.0% cap · market cap 1,926,023.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan downtown office space with a kitchenette and dedicated technology room.
Where is this office unit located?
The property is located at 151 S ROSE Street Suite 500 Kalamazoo, MI.
What are key features of this property?
This property features: 13,669 SF full‑floor office suite in Downtown Kalamazoo; Suite 500 features a largely open‑concept layout; Existing kitchenette and dedicated tech room
