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Office Building with Basement

2813 W Main Street, Kalamazoo, MI 49006

For Sale
New
$499,900

Commercial Sale, Kalamazoo, MI

Property Size2,400 SF
Lot Size0.32 Acres
Price / SF$208.29
Days on Market1

Property Features for 2813 W Main Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning description RM-2
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Basement, Bathroom 2, Bathroom 1
Parking 12
Interior features Broadband
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Directions From 131 travel east on West Main. From downtown travel west on West Main. Property on south side. Access drive and lot directly from West Main. GPS has been accurate
Standard status Active
APN 06-17-315-010
Size 2,400 SF
Lot size 0.32 Acres

Additional Details

Tenant in Place Yes
Condition Turnkey

Taxes and HOA fees

Tax Year 2026
Tax Description ATTACHED
Tax Annual Amount 8242
Legal Description ATTACHED

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Amenities

conference/closing room
full basement
electric sign
security lights

Building Details

Year built 1929
Floors in Building 2
Number of units 1
Listing Agency: eXp Realty LLC
Listed By: Kelli Scheffers · License MI #6504275828
Added: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 26060072

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.

Rey
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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.

This 2,400-square-foot office property includes naturally lit work areas, a conference room, three half-bathrooms, and a full basement. The building dates to 1929 and has a 2012 addition. Recent work includes updated paint and carpet, a repaved parking area, and air conditioning installed in 2025. Forced-air heat and central air serve the property, with broadband and cable available. An electric sign and security lights are also in place.

The 0.32-acre site provides 12 parking spaces. Two tenants currently occupy the property through August; they may remain under a new owner. Furnishings such as desks, cabinets, chairs, and a copy machine are available.

Key Highlights

  • 2,400‑square‑foot office building on a 0.32‑acre lot
  • Two tenants in place through August, with the option to remain
  • 12 parking spaces; parking area recently repaved

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$24,054
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,080 $481.1K
Cap Rate 7%
$343,629 $343.6K
Cap Rate 9%
$267,267 $267.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$34.6K $14.40/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$32.1K $13.36/SF
− OpEx
−$8.0K −$3.34/SF
NOI
$24.1K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,080
Cap Rate 7%
$343,629
Cap Rate 9%
$267,267

Alternative Uses

Best Use
Office B
$343.6K
$300.7K – $400.9K (±1% cap)
NOI $24,054 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$628.0K
$549.5K – $732.7K (±1% cap)
NOI $43,962 @ 7.0% cap · market cap 8.79%
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
Open Analytics

Current Use

SOURCE9.Com (Bike/Boat/Book/etc) Store uThrive Total Wellness ... Crisis Center Speak Life Therapy, ... Physician Tibble Consulting Insurance Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Hair Salon Kitchen & Bath Showroom Big Box & Wholesale Store

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

251
Businesses Nearby

Demographics for 49006, MI

25,119
Population
12,093
Households
2.1
Avg Household Size
27
Median Age
44%
College-Educated
91%
High-School Grad
6.0 sq mi
ZIP Area
4,187
Density / Sq Mi
$45,617
Median Household Income
$18,710
Median Earnings
$991
Median Rent
$198,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office buildings in Kalamazoo, MI

$134 Jul
$120 Aug
$124 Sep
$123 Oct

Properties on Market for Office buildings in Kalamazoo

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Bright work areas, a conference room, and three half-bathrooms support a range of professional operations.
Where is this office building located?
The property is located at 2813 W Main Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,400‑square‑foot office building on a 0.32‑acre lot; Two tenants in place through August, with the option to remain; 12 parking spaces; parking area recently repaved
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