Freestanding Medical Office
1727 S Park Street Kalamazoo, MI 49001
1727 S Park Street, Kalamazoo, MI, 49001
$949,000
For Sale
$949,000
Freestanding building with an exam-room layout and private offices, plus sales floor and storage space.
Property Size8,505 SF
Lot Size0.86 Acres
Price / SF$111.58
Days on Market396
Property Features for 1727 S Park Street
General Information
- Standard status
- Active
- Size
- 8,505 SF
- Lot size
- 0.86 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing agency
NAI Wisinski of West Michigan
(269) 353-0311
Listed by
Jodi K Milks · License #6506044331
Source
Carolbollo
Added: Jun 23, 2025 Updated: Jul 22 at 5:33AM Checked: Jul 22 at 5:33AM
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
Investment Insights
Based on property information with market context.
Freestanding medical and retail office building formerly used for optical retail and medical office. Built in 2001 and renovated in 2013, the approximately 8,505 SF property sits on 0.86 acres and features an efficient interior layout with exam rooms, private offices, a sales floor, and storage.
The property is located just minutes from Downtown Kalamazoo and near major area institutions including the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. Furniture is negotiable, and the owner will establish a new Reciprocal Easement Agreement prior to closing.
The building is designed to support medical, dental, or professional office use, with dedicated exam and office spaces alongside a sales floor and storage areas.
The property is located just minutes from Downtown Kalamazoo and near major area institutions including the new arena development, WMED campus, Western Michigan University, and Kalamazoo College. Furniture is negotiable, and the owner will establish a new Reciprocal Easement Agreement prior to closing.
The building is designed to support medical, dental, or professional office use, with dedicated exam and office spaces alongside a sales floor and storage areas.
Key Highlights
- Freestanding medical/retail office building totaling 8,505 SF on 0.86 acres
- Built in 2001 with renovations completed in 2013
- Interior layout includes exam rooms, private offices, a sales floor, and storage
Local Financial Insights For Office B
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 | $122.5k | $14.40 |
| − Vacancy | −$8.8k | −$1.04 |
| EGI | $113.7k | $13.36 |
| − OpEx | −$28.4k | −$3.34 |
| NOI | $85.2k | $10.02 |
8,505 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,241 @ 7.0% cap · market cap 8.98%
Second Best
Healthcare Medical
$1.09M
$955.9K – $1.27M
NOI $76,468 @ 7.0% cap · market cap 8.06%
Theoretical Best
Warehouse
$2.23M
$1.95M – $2.60M
NOI $155,791 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Diane Jamoua
Physician
Mr. Gerald Hanna
Physician
Emily Cieslak
Physician
Rx Optical
Physician
Diane Shahara Shahara
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Freestanding building with an exam-room layout and private offices, plus sales floor and storage space.
Where is this medical office space located?
The property is located at 1727 S Park Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Freestanding medical/retail office building totaling 8,505 SF on 0.86 acres; Built in 2001 with renovations completed in 2013; Interior layout includes exam rooms, private offices, a sales floor, and storage
