Building Details

Year Built 1957

Buildings 1

Building Size 1,780 SF

Listing Agency: Callander Commercial

Listed By: Stephanie Wiltgen · License #6505341805 Show Phone

Source: Carwm.resimplifi

Added: Mar 26 Changed: Oct 13 Last Checked: Oct 16 at 5:50AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,780-square-foot flex property combines a front showroom and office area with warehouse/workspace. The layout accommodates customer-facing activity alongside back-of-house operations, and the warehouse portion includes a 9-foot overhead door. Constructed in 1957, the building is designated M1 and supports the property’s industrial configuration.

The property is located at 2501 East Cork Street in Kalamazoo, with access to I-94 and Sprinkle Road. Stated potential applications include contractor shops, service businesses, small manufacturing, storage, and light manufacturing. The building’s combination of showroom, office, and work areas provides a practical format for multiple commercial functions.

Key Highlights

• 1,780 SF flex building with showroom, office, and warehouse/workspace areas
• 9‑foot overhead door serving the warehouse/workspace area
• M1 zoning

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

Is this asking price fair?

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 (±1% cap)

NOI $32,605 @ 7.0% cap · market cap 12.30%

Second Best

Industrial

$383.6K

$335.6K – $447.5K (±1% cap)

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

Current Use

A1 Building Services Construction Company

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Pharmacy Furniture & Home Goods

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

339

Businesses Nearby

Well-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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Mixed-Use Property with Overhead Doors

913 Gordon Place, Kalamazoo, MI 49048

$209,000

2,170 SF

View details

Commercial Flex Building with Overhead Doors

3499 E Main St, Kalamazoo, MI 49048

$299,900

3,780 SF

View details

Versatile Commercial Property with Office

901 Riverview Drive, KalamazooCity_, Kalamazoo, MI 49048

$215,000

3,676 SF

View details

Warehouse with Office Area

8025 W Ml Ave, Kalamazoo, MI 49009

$125,000

3,200 SF

View details

Light Industrial Warehouse with Loading Dock

1228 Francis Court, Kalamazoo, MI 49001

$195,000

5,400 SF

View details

Flex Space with Service Garage

1015 W Paterson Street, Kalamazoo, MI 49007

$450,000

8,174 SF

View details

Flex Facility With Outdoor Storage

6264 King Highway, Kalamazoo, MI 49048

$950,000

5,213 SF

View details

Industrial Building with Overhead Crane

1050 E Michigan Ave, Kalamazoo, MI 49048

$459,000

9,568 SF

View details

Mixed-Use Property with Warehouse

824 Portage Street, Kalamazoo, MI 49001

$399,900

16,634 SF

View details

Warehouse with Loading Dock

616 E Vine REAR Street, Kalamazoo, MI 49001

$99,000

10,020 SF

View details

Flex Space with Heated Warehouse

2982 Business One Drive, Kalamazoo, MI 49048

Contact for pricing

3,900 SF

View details

Freestanding Flex Space with Heavy Power

1725 S Park Street, Kalamazoo, MI 49001

$1,376,000

16,190 SF

View details

Similar Off Market Nearby

• Millennium Catering & Events — 3690 Park Cir Dr, Kalamazoo, MI 49048

Frequently Asked Questions

What type of property is this?

Flex space - Front showroom and office area connects with warehouse/workspace for mixed commercial functions.

Where is this flex space located?

The property is located at 2501 East 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 flex building with showroom, office, and warehouse/workspace areas; 9‑foot overhead door serving the warehouse/workspace area; M1 zoning