Freestanding Flex
New
For Sale
$1,376,000
1725 S Park Street, Kalamazoo, MI 49001
Office, lab, and shop areas share a flexible layout with key fob-secured entry.
Property Size16,190 SF
Lot Size1.28 Acres
Price / SF$84.99
Days on Market5
Property Features for 1725 S Park Street
General Information
Standard status
Active
Size
16,190 SF
Total Parking Spaces
36
Lot size
1.28 Acres
Property subtype
Commercial
Zoning
CC2
Warehouse & Industrial
Drive-In Doors
2
Power
1,000 amps
Voltage
208 V
Heavy Power
Yes
Additional Details
Property Use
Office and Light Industrial
Taxes and HOA fees
Annual Taxes
$51,485
Amenities
key fob-secured entry
Building Details
Building Size
16,190 SF
Year Built
1989
Year Renovated
2014
Buildings
1
Stories
16190
Units
1
Listed By:
Ken Ferrier · License #6502125983
(231) 571-5623
Source:
Homeflexrealty
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:12AM
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 Ken Ferrier
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding flex property contains 16,190 square feet on 1.28 acres, with office, lab, and shop areas arranged for adaptable use. The building dates to 1989 and was renovated in 2014; updated systems, 1,000 Amps of 120/208V power, key fob-secured entry, and two grade-level overhead doors support a range of business operations. The doors measure 18' x 9' and 10' x 9'. CC2 zoning applies.
The property is minutes from Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. A new Reciprocal Easement Agreement will be established by the owner before closing. Adjacent buildings are also offered for sale and lease.
The property is minutes from Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. A new Reciprocal Easement Agreement will be established by the owner before closing. Adjacent buildings are also offered for sale and lease.
Key Highlights
- 16,190 SF building on 1.28 acres
- Renovated in 2014; built in 1989
- 1,000 Amps (120/208V) of power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,209
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,184,180
$2.2M
Cap Rate 7%
$1,560,129
$1.6M
Cap Rate 9%
$1,213,433
$1.2M
Market Conditions
NOI Build-Up for 16,190 SF
Gross rent
$178.7K $11.04/SF
− Vacancy
−$10.7K −$0.66/SF
EGI
$168.0K $10.38/SF
− OpEx
−$58.8K −$3.63/SF
NOI
$109.2K $6.75/SF
Area
Kalamazoo County, MI
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,184,180
Cap Rate 7%
$1,560,129
Cap Rate 9%
$1,213,433
Alternative Uses
Best Use
Industrial
$3.49M
$3.05M – $4.07M
NOI $244,227 @ 7.0% cap · market cap 17.75%
Second Best
Office B
$2.32M
$2.03M – $2.70M
NOI $162,263 @ 7.0% cap · market cap 11.79%
Theoretical Best
Warehouse
$4.24M
$3.71M – $4.94M
NOI $296,561 @ 7.0% cap · market cap 21.55%
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
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49001, MI
21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
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
Similar Off Market Nearby
- Generations Catering — 918 Jasper St, Kalamazoo, MI 49001
Frequently Asked Questions
What type of property is this?
Flex space - Office, lab, and shop areas share a flexible layout with key fob-secured entry.
Where is this flex space located?
The property is located at 1725 S Park Street 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 building on 1.28 acres; Renovated in 2014; built in 1989; 1,000 Amps (120/208V) of power
