Freestanding Medical Office
New
For Sale
$449,000
1820 S Westnedge Avenue, Kalamazoo, MI 49008
Commercial Sale, Kalamazoo, MI
Property Size3,585 SF
Lot Size0.51 Acres
Price / SF$125.24
Days on Market2
Property Features for 1820 S Westnedge Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CC2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Standard status
Active
APN
06-28-229-005
Size
3,585 SF
Lot size
0.51 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Description
On file.
Tax Annual Amount
14821
Legal Description
On file.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1991
Floors in Building
1
Number of units
2
Buildings
1
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Connor Schultze · License #6501453214
(269) 370-6437
Added: Nov 3
Last Checked: Nov 4 at 9:06AM
MLS# 26058248
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.
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 medical office building contains 3,585 square feet on a 0.51-acre parcel. Built in 1991, it has a prior professional-practice layout, two bathrooms, forced-air heating, central air conditioning, and surface parking. Cable service is available.
The property is at 1820 S Westnedge Avenue in Kalamazoo, along a corridor connecting downtown Kalamazoo with Portage and the I-94 interchange. Bronson Methodist Hospital, Ascension Borgess Hospital, and Western Michigan University are within minutes.
The property is at 1820 S Westnedge Avenue in Kalamazoo, along a corridor connecting downtown Kalamazoo with Portage and the I-94 interchange. Bronson Methodist Hospital, Ascension Borgess Hospital, and Western Michigan University are within minutes.
Key Highlights
- 3,585‑square‑foot freestanding building on 0.51 acres
- Prior professional‑practice layout with two bathrooms
- Forced‑air heat and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,930
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,600
$718.6K
Cap Rate 7%
$513,286
$513.3K
Cap Rate 9%
$399,222
$399.2K
Market Conditions
NOI Build-Up for 3,585 SF
Gross rent
$51.6K $14.40/SF
− Vacancy
−$3.7K −$1.04/SF
EGI
$47.9K $13.36/SF
− OpEx
−$12.0K −$3.34/SF
NOI
$35.9K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,600
Cap Rate 7%
$513,286
Cap Rate 9%
$399,222
Alternative Uses
Best Use
Office B
$513.3K
$449.1K – $598.8K
NOI $35,930 @ 7.0% cap · market cap 8.00%
Second Best
Healthcare Medical
$460.5K
$402.9K – $537.2K
NOI $32,233 @ 7.0% cap · market cap 7.18%
Theoretical Best
Warehouse
$938.1K
$820.9K – $1.09M
NOI $65,668 @ 7.0% cap · market cap 14.63%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49008, MI
18,343
Population
7,124
Households
2.6
Avg Household Size
31
Median Age
55%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
2,738
Density / Sq Mi
$67,339
Median Household Income
$31,756
Median Earnings
$1,005
Median Rent
$202,400
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - A prior professional-practice layout and on-site surface parking support a range of office and care-related uses.
Where is this medical office space located?
The property is located at 1820 S Westnedge Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,585‑square‑foot freestanding building on 0.51 acres; Prior professional‑practice layout with two bathrooms; Forced‑air heat and central air conditioning
