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    Vicksburg Commercial Property For Sale Title is generated by Realmo AI

    2028 VW Avenue E, Vicksburg, MI 49097

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    For Sale
    $245,000

    COMMERCIAL - Vicksburg, MI

    Type:Retail
    Property size:
    4,328 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $56/SF
    Added:
    Oct 30, 2025
    Days on Market:
    199
    Last Refresh:
    May 16 at 12:06 pm

    Property Features for 2028 VW Avenue E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    391414326060
    Size
    4,328 SF
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 6 Tremblay Acres
    Tax Annual Amount
    3328

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1997
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block, Metal Siding
    Roof type
    Composition, Metal

    We can help!

    Listing Contact
    Nancy Fish

    Listing agent Nancy Fish License #6502106710

    Listing office Park Place Real Estate 2255 W Centre Ave, Kalamazoo, MI

    Listing date Oct 30, 2025

    MLS# 25055889

    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

    • Stable income stream with existing long‑term lease in place through March 31, 2029.
    • Tenant handles utilities, grounds maintenance, and property taxes.
    • Divided space suitable for retail, office, or storage/warehouse use.
    • Newer overhead door for convenient access.
    • High ceilings (12' and 14' in retail/parts areas, 10' in rear storage).
    • Located in a trade area serving Vicksburg, Schoolcraft, and south Portage.

    Overview

    This commercial property in Vicksburg, Michigan, is available for purchase. The property is subject to tenant rights, with an existing lease in place through March 31, 2029. The building is divided into retail, office, and storage/warehouse areas, and includes a break room and restroom. A newer overhead door is present. Ceiling heights vary, with 12' and 14' ceilings in the retail and parts areas, and a 10' ceiling in the rear storage room. The property is currently occupied as a NAPA retail parts store. The trade area encompasses Vicksburg, Schoolcraft, and south Portage. The current lease is $2,180 per month, or $26,160 annually, through March 31, 2027. From April 1, 2027, to March 31, 2029, the lease rate will be $2,400 per month, or $28,800 annually. The tenant is responsible for utilities, grounds maintenance, and property tax. The building has a total size of 4328 square feet and is situated on a lot of 0.51 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NAPA Auto Parts ... Auto Parts Store

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Skin Care Clinic Storage Facility Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vicksburg
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.563868
    Latitude
    42.121186

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    FAQs

    What type of property is this?
    Retail space - Commercial property with retail, office, and warehouse space for sale.
    Where is this retail space located?
    The property is located at 2028 VW Avenue E Vicksburg, MI.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Stable income stream with existing long‑term lease in place through March 31, 2029.; Tenant handles utilities, grounds maintenance, and property taxes.; Divided space suitable for retail, office, or storage/warehouse use.
    (269) 385-5005
    We can help!
    Listing Contact
    Nancy Fish
    Real Estate License ID: 6502106710
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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