Building Details

Building Size 2,052 SF

Year Built 1970

Buildings 1

Listing Agency: Lee & Associates of Michigan

Listed By: Dan Flynn Show Phone

Source: Lee-associates

Added: Sep 30 Last Checked: Oct 4 at 7:16AM

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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 Lee & Associates of Michigan

Investment Insights

Based on property information with market context.

This 2,052-square-foot automotive property in Kalamazoo includes service and retail space. Built in 1970, the building sits on a 0.78-acre parcel zoned CC, or Community Commercial District.

Key Highlights

• 2,052 SF of automotive shop and service space
• 0.78‑acre property
• Zoned CC (Community Commercial District)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,955

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$619,100 $619.1K

Cap Rate 7%

$442,214 $442.2K

Cap Rate 9%

$343,944 $343.9K

Market Conditions

NOI Build-Up for 2,052 SF

Gross rent

$45.3K $22.08/SF

− Vacancy

−$1.1K −$0.53/SF

EGI

$44.2K $21.55/SF

− OpEx

−$13.3K −$6.47/SF

NOI

$31.0K $15.09/SF

Area

Kalamazoo County, MI

Vacancy

2.40%

Lease Rate

$22.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$619,100

Cap Rate 7%

$442,214

Cap Rate 9%

$343,944

Alternative Uses

Best Use

Industrial

$442.2K

$386.9K – $515.9K (±1% cap)

NOI $30,955 @ 7.0% cap · market cap 3.46%

Second Best

Retail

$202.2K

$176.9K – $235.9K (±1% cap)

NOI $14,151 @ 7.0% cap · market cap 1.58%

Theoretical Best

Warehouse

$537.0K

$469.9K – $626.5K (±1% cap)

NOI $37,588 @ 7.0% cap · market cap 4.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Hair Salon Real Estate Agency Pharmacy

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

Location Intelligence

Trade Area within ½ mile

412

Businesses Nearby

109k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 62% Shops & Services 30% Home Improvements & Furnishings 3% Beauty & Spa 3%

McDonald's Dining

25,002 visits/mo 0.4 miles

Buffalo Wild Wings Dining

13,962 visits/mo 0.3 miles

Dollar Tree Shops & Services

11,865 visits/mo 0.2 miles

Burger King Dining

10,587 visits/mo 0.3 miles

BIGGBY COFFEE Dining

9,418 visits/mo 0.3 miles

Demographics for 49008, MI

18,343

Population

7,124

Households

2.6

Avg Household Size

31

Median Age

55%

College-Educated

95%

High-School Grad

6.7 sq mi

ZIP Area

2,738

Density / Sq Mi

$67,339

Median Household Income

$31,756

Median Earnings

$1,005

Median Rent

$202,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Auto shop - The property pairs vehicle service space with a retail component.

Where is this auto shop located?

The property is located at 2815 Stadium Dr Kalamazoo, MI.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: 2,052 SF of automotive shop and service space; 0.78‑acre property; Zoned CC (Community Commercial District)