Industrial Flex Building with Grow
2501 E Cork Street, Kalamazoo, MI 49001
For Sale
Contact for pricing
A showroom and office at the front connect to warehouse space for a range of commercial operations.
Property Size1,780 SF
Price / SF$148.88
Days on Market46
Property Features for 2501 E Cork Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Land Use
Building Details
Buildings
Building Size
Listing Agency:
Callander Commercial
Listed By:
Eric Bolles
(269) 535-4576
Source:
Crexi
Added: Sep 25
Changed: Nov 9
Last Checked: Nov 8 at 4:37PM
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 Callander Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,780-square-foot flex property combines a front showroom and office with warehouse space, served by a 9-foot overhead door. M-1 (Limited Industrial) zoning applies, and cannabis cultivation is also permitted. Existing cultivation equipment includes lighting, ventilation fans, grow tables, and controllers.
The building is on Cork Street in Kalamazoo, with access to I-94.
The building is on Cork Street in Kalamazoo, with access to I-94.
Key Highlights
- 1,780 SF building with showroom, office, and warehouse areas
- 9 ft. overhead door
- M‑1 (Limited Industrial) zoning; also zoned for cannabis cultivation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,007
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,140
$240.1K
Cap Rate 7%
$171,529
$171.5K
Cap Rate 9%
$133,411
$133.4K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$19.7K $11.04/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$18.5K $10.38/SF
− OpEx
−$6.5K −$3.63/SF
NOI
$12.0K $6.75/SF
Area
Kalamazoo County, MI
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,140
Cap Rate 7%
$171,529
Cap Rate 9%
$133,411
Alternative Uses
Best Use
Warehouse
$465.8K
$407.6K – $543.4K
NOI $32,605 @ 7.0% cap · market cap 12.30%
Second Best
Industrial
$383.6K
$335.6K – $447.5K
NOI $26,851 @ 7.0% cap · market cap 10.13%
Theoretical Best
—
—
same as Best Use
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49001, MI
21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Kalamazoo, MI
Properties on Market for Flex space in Kalamazoo
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A showroom and office at the front connect to warehouse space for a range of commercial operations.
Where is this flex space located?
The property is located at 2501 E Cork Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,780 SF building with showroom, office, and warehouse areas; 9 ft. overhead door; M‑1 (Limited Industrial) zoning; also zoned for cannabis cultivation
