Freestanding Flex Space with Heavy
For Sale
$1,376,000
1725 S Park Street, Kalamazoo, MI 49001
Commercial Sale, Kalamazoo, MI
Property Size16,190 SF
Lot Size1.28 Acres
Price / SF$84.99
Days on Market470
Property Features for 1725 S Park Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CC2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
Parking
36
Interior features
Broadband
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Directions
Off S. Park Street, 2 blocks north of Westnedge/Park split. Entrance is across from the end of Howard Street.
Subdivision
Greater Kalamazoo - K
Standard status
Active
APN
06-22-373-013
Size
16,190 SF
Lot size
1.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
That part of the Southwest quarter of Section 22, township 2 South, Range 11 West, described as: commencing at the Sout
Tax Annual Amount
51486
Legal Description
That part of the Southwest quarter of Section 22, township 2 South, Range 11 West, described as: commencing at the Sout
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
key fob-secured entry
Building Details
Year built
1989
Number of units
1
Building materials
Aluminum Siding, Brick
Roof type
Composition
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 459-0439
Added: Jun 23, 2025
Changed: Sep 16
Last Checked: Oct 5 at 4:06PM
MLS# 25035394
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding flex property contains 16,190 square feet on 1.28 acres, with office, laboratory, shop, and support areas arranged for adaptable business operations. Renovated in 2014, the building has 1,000 Amps of 120/208V power, forced-air heating, central air, broadband, and key fob access. Two grade-level overhead doors—18' x 9' and 10' x 9'—support shipping and receiving. The structure was built in 1989 and includes four bathrooms, a composition roof, and aluminum siding with brick construction materials.
The property is located near Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. Adjacent buildings are also offered for sale and lease. A new Reciprocal Easement Agreement will be established by the owner before closing.
The property is located near Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. Adjacent buildings are also offered for sale and lease. A new Reciprocal Easement Agreement will be established by the owner before closing.
Key Highlights
- 16,190 SF freestanding flex building on 1.28 acres
- Renovated in 2014 with office, lab, shop, and support areas
- 1,000 Amps of 120/208V heavy 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.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated building combines office, lab, and shop areas with secured entry and shipping access.
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 freestanding flex building on 1.28 acres; Renovated in 2014 with office, lab, shop, and support areas; 1,000 Amps of 120/208V heavy power
