Office and Flex Industrial
1725 S Park St Kalamazoo, MI 49001
1725 S Park St, Kalamazoo, MI, 49001
$1,376,000
For Sale
$1,376,000
Renovated flex building with offices, lab/shop areas, heavy power, and two grade-level overhead doors for shipping access.
Property Size16,190 SF
Lot Size1.28 Acres
Price / SF$84.99
Days on Market76
Property Features for 1725 S Park St
General Information
- Standard status
- Active
- Size
- 16,190 SF
- Lot size
- 1.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
NAI Wisinski of West Michigan - Kalamazoo
(269) 353-0311
Listed by
Jodi K Milks · License #6501373674
Source
Elliman
Added: May 9 Updated: Jul 23 at 1:30AM Checked: Jul 23 at 6:46AM
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 - Kalamazoo
Investment Insights
Based on property information with market context.
Freestanding office and light industrial flex building available for sale, featuring a flexible layout that includes office, lab, and shop space. The property was renovated in 2014 and includes updated systems plus 1,000 amps (120/208V) of heavy power. Key fob-secured entry supports controlled access, and the building is configured with two grade-level overhead doors measuring 18' x 9' and 10' x 9' to support efficient shipping and receiving operations.
The property sits on 1.28 acres and is located just minutes from Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. The owner will establish a new Reciprocal Easement Agreement prior to closing, and adjacent buildings are available for sale and lease.
With its combination of office space and light industrial improvements, the building is positioned for specialized or general business use where lab or shop functions may be required.
The property sits on 1.28 acres and is located just minutes from Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. The owner will establish a new Reciprocal Easement Agreement prior to closing, and adjacent buildings are available for sale and lease.
With its combination of office space and light industrial improvements, the building is positioned for specialized or general business use where lab or shop functions may be required.
Key Highlights
- 16,190 SF freestanding office/lab/flex building on 1.28 acres, built in 1989
- Renovated in 2014 with updated systems
- Heavy power service: 1,000 Amps (120/208V)
Local Financial Insights For Flex RnD
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 | $178.7k | $11.04 |
| − Vacancy | −$10.7k | −$0.66 |
| EGI | $168.0k | $10.38 |
| − OpEx | −$58.8k | −$3.63 |
| NOI | $109.2k | $6.75 |
16,190 SF · lease $11.04/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$4.24M
$3.71M – $4.94M
NOI $296,561 @ 7.0% cap · market cap 21.55%
Second Best
Industrial
$3.49M
$3.05M – $4.07M
NOI $244,227 @ 7.0% cap · market cap 17.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Generations Catering — 918 Jasper St, Kalamazoo, MI 49001
FAQs
What type of property is this?
Flex space - Renovated flex building with offices, lab/shop areas, heavy power, and two grade-level overhead doors for shipping access.
Where is this flex space located?
The property is located at 1725 S Park St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,376,000.
What are key features of this property?
This property features: 16,190 SF freestanding office/lab/flex building on 1.28 acres, built in 1989; Renovated in 2014 with updated systems; Heavy power service: 1,000 Amps (120/208V)
