Retail Storefront
For Sale
Contact for pricing
1710 S Westnedge Ave, Kalamazoo, MI 49008
Former Family Dollar storefront on a hard-corner site with access from Westnedge Avenue and Howard Street.
Property Size7,160 SF
Lot Size0.76 Acres
Price / SF$83.10
Days on Market191
Property Features for 1710 S Westnedge Ave
General Information
Standard status
Active
Size
7,160 SF
Lot size
0.76 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 1710 S Westnedge Ave Contact us- Floor
- Bldg
- Size
- 7,160 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1710 S Westnedge Ave
- Former Family Dollar located on S Westnedge Ave across from Midtown Fresh Market,...
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Contact us
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Gordon Hyde · License #6501401975
(248) 488-2620
Source:
Moodyscre
Added: Feb 26
Changed: Aug 8
Last Checked: Sep 4 at 4:40PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This former Family Dollar retail storefront includes a 7,160 SF building situated on 0.76 acres. The site is configured to wrap the hard corner, providing convenient access from both S. Westnedge Ave and Howard Street.
The property is located on S Westnedge Ave across from Midtown Fresh Market, Ace Hardware, and Oak Street Health. Its corner placement supports high-visibility retail-oriented traffic flow to the building frontage from two directions.
The offering is for the existing retail building and land, providing an adaptable footprint for qualified buyers seeking a commercial storefront location.
The property is located on S Westnedge Ave across from Midtown Fresh Market, Ace Hardware, and Oak Street Health. Its corner placement supports high-visibility retail-oriented traffic flow to the building frontage from two directions.
The offering is for the existing retail building and land, providing an adaptable footprint for qualified buyers seeking a commercial storefront location.
Key Highlights
- Former Family Dollar storefront on a hard‑corner site across from Midtown Fresh Market, Ace Hardware and Oak Street Health
- 7,160 SF building on 0.76 acres
- Site wraps the corner with access from both S. Westnedge Ave and Howard Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,378
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$987,560
$987.6K
Cap Rate 7%
$705,400
$705.4K
Cap Rate 9%
$548,644
$548.6K
Market Conditions
NOI Build-Up for 7,160 SF
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.
Gross rent
$85.9K $12.00/SF
− Vacancy
−$15.4K −$2.15/SF
EGI
$70.5K $9.85/SF
− OpEx
−$21.2K −$2.96/SF
NOI
$49.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$987,560
Cap Rate 7%
$705,400
Cap Rate 9%
$548,644
Alternative Uses
Best Use
Retail
$705.4K
$617.2K – $823.0K
NOI $49,378 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.19M
NOI $131,154 @ 7.0% cap · market cap 22.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Home Improvements & Furnishings 12%
Dining 6%
Shell
Shops & Services
10,803 visits/mo
0.1 miles
Dollar General
Shops & Services
5,821 visits/mo
0.5 miles
PNC Bank
Shops & Services
3,680 visits/mo
0.1 miles
Midtown Ace Hardware
Home Improvements & Furnishings
3,040 visits/mo
0.1 miles
Top Dog
Dining
1,552 visits/mo
0.5 miles
Demographics for 49008, MI
18,343
Population
7,124
Households
2.6
Avg Household Size
31
Median Age
55%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
2,738
Density / Sq Mi
$67,339
Median Household Income
$31,756
Median Earnings
$1,005
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Ambati Flowers — 1830 S Westnedge Ave, Kalamazoo, MI 49008
Frequently Asked Questions
What type of property is this?
Storefront property - Former Family Dollar storefront on a hard-corner site with access from Westnedge Avenue and Howard Street.
Where is this storefront property located?
The property is located at 1710 S Westnedge Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Former Family Dollar storefront on a hard‑corner site across from Midtown Fresh Market, Ace Hardware and Oak Street Health; 7,160 SF building on 0.76 acres; Site wraps the corner with access from both S. Westnedge Ave and Howard Street
