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Renovated Historic Restaurant Space
For Lease
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234 W Michigan Avenue, Kalamazoo, MI 49007

Full-basement dining venue with existing furniture, fixtures, and equipment available.

Space Size1,591 SF
Days on Market9

Property Features for 234 W Michigan Avenue

General Information

Standard status Active
Size 1,591 SF
Property subtype Retail, Restaurant

Building Details

Year Built 1890
Tenancy Single

Spaces For Lease

at 234 W Michigan Avenue Contact us

Available Space

Size
1,591 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: NAI Wisinski of West Michigan - Kalamazoo
Listed By: Kara Schroer, CCIM · License #MI 6501373674
Source: Crexi
Added: Aug 4 Changed: Aug 9 Last Checked: Aug 10 at 11:35AM

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 NAI Wisinski of West Michigan - Kalamazoo

Investment Insights

Based on property information with market context.

Restaurant premises comprising approximately 1,591 SF above grade together with a full basement. The building dates to 1890 and was renovated in 2019, while its brick and masonry character remains intact. Landlord-owned furniture, fixtures, and equipment are available for lease separately. A lease term of up to 60 months is offered.

The property is positioned on W. Michigan Ave. within Downtown Kalamazoo's CCBD, near the Kalamazoo Mall, Arcadia Creek Festival Site, Radisson Hotel, and new arena site. Six parking spaces behind the building are available for staff. WalkScore is 91 and bikeScore is 74.

Key Highlights

  • Approximately ±1,591 SF restaurant space plus full basement
  • Renovated in 2019 with historic brick and masonry construction
  • Landlord furniture, fixtures, and equipment available for lease

Property Analytics

Current Use

Hiemstra Optical Co, ... Ophthalmologist Hiemstra Optical Co: ... Physician Dr. Phillip J. ... Physician Hiemstra Optical Co: ... Physician Berries Famous Pancake ... Restaurant

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Nail Salon Auto Parts Store (Bike/Boat/Book/etc) Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,188
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 43% Dining 38% Hotels & Casinos 18% Electronics 2%
McDonald's Dining
15,871 visits/mo 0.3 miles
Shell Shops & Services
13,648 visits/mo 0.2 miles
Barrio Tacos Dining
4,643 visits/mo 0.2 miles
Family Dollar Shops & Services
4,370 visits/mo 0.4 miles
Hilton Garden Inn Kalamazoo Downtown Hotels & Casinos
4,289 visits/mo 0.2 miles

Demographics for 49007, MI

10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value

Market

Lease Benchmarks for Kalamazoo, MI

$20.8 /SF/Yr
Avg Asking Price
$16–$29 /SF/Yr
Price Range
2,643 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Full-basement dining venue with existing furniture, fixtures, and equipment available.
Where is this conventional restaurant located?
The property is located at 234 W Michigan Avenue Kalamazoo, MI.
What are key features of this property?
This property features: Approximately ±1,591 SF restaurant space plus full basement; Renovated in 2019 with historic brick and masonry construction; Landlord furniture, fixtures, and equipment available for lease
(269) 353-0311 Call to check price and availability
More about this property
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