Freestanding Medical Office
1727 S Park Street, Kalamazoo, MI 49001
COMMERCIAL - Kalamazoo, MI
Type:Office
Property size:
8,505 SFLot size:
0.86 AcresPrice / SF:
$111/SF- Added:
- Jun 23, 2025
- Days on Market:
- 379
- Last Refresh:
- Jul 6 at 1:06 pm
Property Features for 1727 S Park Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 06-22-372-013
- Size
- 8,505 SF
- Lot size
- 0.86 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- That part of the Southwest quarter of Section 2 and the Northwest quarter of Section 27, Township 2 South, Range 11
- Tax Annual Amount
- 32854
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2001
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Composition
Listing agent Jodi K Milks License #6502339107 (269) 353-0311
Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI (269) 353-0311
Listing date Jun 23, 2025
MLS# 25035380
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.
HighLights
- Freestanding medical/retail office building with 8,505 SF on 0.86 acres
- Built in 2001; renovated in 2013
- Efficient layout includes exam rooms, private offices, a sales floor, and storage
- Heating and cooling: forced air heating with central air
- Brick construction with a composition roof
- Utilities include phone available; broadband available
Overview
This freestanding medical/retail office building totals 8,505 square feet on 0.86 acres. Originally built in 2001 and renovated in 2013, the interior features an efficient layout designed for patient-facing and office functions, including exam rooms, private offices, a sales floor, and storage. The property was most recently configured for optical retail and medical office use, and it is described as well-suited for medical, dental, or professional office tenants. Furniture is noted as negotiable.
The property is located at 1727 S Park Street in Kalamazoo, MI, and is presented as available for sale. The remarks indicate the owner will establish a new Reciprocal Easement Agreement prior to closing. The listing also notes that adjacent buildings are available for sale and lease, which may be relevant for expansion or related uses depending on the final arrangement.
For prospective occupants or buyers, the combination of exam rooms, private offices, and dedicated storage supports a medical or service-oriented practice that needs both clinical spaces and administrative workflow. The on-site sales floor configuration may also accommodate professional service models that blend client interactions with office administration. Interested parties should confirm final easement terms and any coordination with neighboring properties as part of due diligence.
The property is located at 1727 S Park Street in Kalamazoo, MI, and is presented as available for sale. The remarks indicate the owner will establish a new Reciprocal Easement Agreement prior to closing. The listing also notes that adjacent buildings are available for sale and lease, which may be relevant for expansion or related uses depending on the final arrangement.
For prospective occupants or buyers, the combination of exam rooms, private offices, and dedicated storage supports a medical or service-oriented practice that needs both clinical spaces and administrative workflow. The on-site sales floor configuration may also accommodate professional service models that blend client interactions with office administration. Interested parties should confirm final easement terms and any coordination with neighboring properties as part of due diligence.
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 Profile
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
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Location Insight
- Map
- Local Demand
- City
- Kalamazoo
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.587204
- Latitude
- 42.274356
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Freestanding building with exam rooms, private offices, and a sales floor for medical or professional use.
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 with 8,505 SF on 0.86 acres; Built in 2001; renovated in 2013; Efficient layout includes exam rooms, private offices, a sales floor, and storage
