Downtown Kalamazoo Redevelopment
222 S Westnedge Ave, Kalamazoo, MI 49007
Historical building near Kalamazoo Events Center with redevelopment potential.
Type:Commercial
Property size:
7,564 SFPrice / SF:
$132/SF- Added:
- Mar 31, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 31 at 4:40 am
Property Features for 222 S Westnedge Ave
General Information
- Standard status
- Active
- Size
- 7,564 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1914
Listing agent Marc R Tourangeau License #6502380444 (269) 207-3072
Listing office Jaqua Realtors (269) 207-3072
Listing date Mar 31, 2026
Source Elliman
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 Jaqua Realtors
HighLights
- Prime downtown Kalamazoo location, just 3 blocks from the new Kalamazoo Events Center.
- Large parking lot, a significant value in the downtown area.
- Versatile 7,564 square foot building suitable for office, retail, multi‑family, or mixed‑use redevelopment.
- High walk score (91) indicating a "Walker's Paradise".
- Potential for a bed & breakfast with a walkable downtown experience.
- Historical building built in 1914.
Overview
This 7,564 square foot historical building is located in downtown Kalamazoo, approximately three blocks from the new Kalamazoo Events Center. Currently configured for office use, the property presents redevelopment opportunities for retail, multi-family, or mixed-use purposes. There is also potential for a bed and breakfast. A large parking lot is included. The location has a walk score of 91, indicating it is a walker's paradise, and a bike score of 74, indicating it is very bikeable.
Local Financial Insights For Mixed Use
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 | $136.2k | $18.00 |
| − Vacancy | −$10.9k | −$1.44 |
| EGI | $125.3k | $16.56 |
| − OpEx | −$47.0k | −$6.21 |
| NOI | $78.3k | $10.35 |
7,564 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.12M
$978.6K – $1.30M
NOI $78,287 @ 7.0% cap · market cap 7.84%
Second Best
Office B
$1.08M
$947.6K – $1.26M
NOI $75,809 @ 7.0% cap · market cap 7.59%
Theoretical Best
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,554 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
All American Porta ...
Building Supply
Location Insight
- Map
- Local Demand
- City
- Kalamazoo
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.589788
- Latitude
- 42.290118
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Historical building near Kalamazoo Events Center with redevelopment potential.
Where is this office building located?
The property is located at 222 S Westnedge Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime downtown Kalamazoo location, just 3 blocks from the new Kalamazoo Events Center.; Large parking lot, a significant value in the downtown area.; Versatile 7,564 square foot building suitable for office, retail, multi‑family, or mixed‑use redevelopment.
