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Class A Office Building

1825 S Park Street Kalamazoo, MI 49001

Claim this Listing
Pending
$3,175,000

COMMERCIAL - Kalamazoo, MI

Type:Office
Property size:
21,245 SF
Lot size:
5.18 Acres
Added:
Jun 23, 2025
Days on Market:
386
Last Refresh:
Jul 13 at 10:06 am

Property Features for 1825 S Park Street

General Information

Property type
Commercial Sale
Property subtype
Office
Bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Parking
74351000
Interior features
Broadband
Standard status
Pending
APN
06-27-103-005
Size
21,245 SF
Lot size
5.18 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 Nor
Tax Annual Amount
82153

Utilities

Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air

Building Details

Year built
2017
Number of units
1

Listing agent Jodi K Milks License #6502339107

Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

Listing date Jun 23, 2025

MLS# 25035345

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.

Available for sale is a Class A office building, formerly the RX Optical Corporate Headquarters. Constructed in 2017, this two-story building offers 21,245 square feet of space with modern finishes and abundant natural light. The property is situated on a 5.35-acre parcel, providing room for future expansion. The building includes a passenger elevator, a large training room, and two kitchens. An on-site generator provides backup power. The property is move-in ready, and furniture is negotiable. Ample parking is available, with a ratio of 3.5 spaces per 1,000 square feet. The location is just minutes from Downtown Kalamazoo, the new arena development, the WMED campus, Western Michigan University, and Kalamazoo College. The seller will establish a new Reciprocal Easement Agreement prior to closing. Adjacent buildings are available.

Key Highlights

  • Move‑in ready, Class A office building with modern finishes and abundant natural light
  • Located minutes from Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College
  • Ample parking with a 3.5:1,000 SF ratio

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 $305.9k $14.40
− Vacancy −$22.0k −$1.04
EGI $283.9k $13.36
− OpEx −$71.0k −$3.34
NOI $212.9k $10.02
21,245 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.04M
$2.66M – $3.55M (±1% cap)
NOI $212,926 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.56M
$4.86M – $6.49M (±1% cap)
NOI $389,157 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rx Optical Corporate ... Ophthalmologist Dr. Aaron Whitsett Physician Heather Cotter Physician

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Auto Parts Store Kitchen & Bath Showroom Big Box & Wholesale Store Auto Repair Shop Parking Lot & Garage (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Modern 21,245 SF office building near Downtown Kalamazoo.
Where is this office building located?
The property is located at 1825 S Park Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $3,175,000.
What are key features of this property?
This property features: Move‑in ready, Class A office building with modern finishes and abundant natural light; Located minutes from Downtown Kalamazoo, the new arena development, WMED campus, Western Michigan University, and Kalamazoo College; Ample parking with a 3.5:1,000 SF ratio
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