Flex Space with Heated
For Sale
Contact for pricing
2982 Business One Drive, Kalamazoo, MI 49048
Two connected suites combine office and industrial areas with light industrial zoning and direct access near an interstate interchange.
Property Size3,900 SF
Price / SF$0.00
Days on Market52
Property Features for 2982 Business One Drive
General Information
Standard status
Active
Size
3,900 SF
Zoning
Light industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
10 ft
Three-Phase Power
Yes
Amenities
Two private restrooms
Fiber internet access
Listing Agency:
Elite Realty Group
Listed By:
Justin M Lennon
(269) 903-8400
Source:
Blueowlprop
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 30 at 2:27PM
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 Elite Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property provides 3,900 square feet across two connected suites, combining office areas with warehouse space for a range of light-industrial operations. The insulated warehouse can be heated throughout the year and includes an overhead loading door approximately 9 feet high. Additional features include floor drains, two private restrooms, three-phase power availability, fiber internet access, and on-site parking.
The property is located at 2982 Business One Drive within the Business One complex, just off I-94 at the Sprinkle Road interchange in Kalamazoo. Its position along the Chicago-to-Detroit corridor supports transportation-oriented operations, while the light industrial zoning accommodates manufacturing, warehousing, distribution, contractor, and assembly uses identified in the property information.
The property is located at 2982 Business One Drive within the Business One complex, just off I-94 at the Sprinkle Road interchange in Kalamazoo. Its position along the Chicago-to-Detroit corridor supports transportation-oriented operations, while the light industrial zoning accommodates manufacturing, warehousing, distribution, contractor, and assembly uses identified in the property information.
Key Highlights
- 3,900 square feet of combined office and warehouse space
- Two connected suites with a flexible office‑and‑warehouse configuration
- Insulated warehouse can be heated year‑round
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,307
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,140
$526.1K
Cap Rate 7%
$375,814
$375.8K
Cap Rate 9%
$292,300
$292.3K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$43.1K $11.04/SF
− Vacancy
−$2.6K −$0.66/SF
EGI
$40.5K $10.38/SF
− OpEx
−$14.2K −$3.63/SF
NOI
$26.3K $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%
$526,140
Cap Rate 7%
$375,814
Cap Rate 9%
$292,300
Alternative Uses
Best Use
Warehouse
$1.02M
$893.0K – $1.19M
NOI $71,439 @ 7.0% cap · market cap 1,020,557.14%
Second Best
Industrial
$840.5K
$735.4K – $980.5K
NOI $58,832 @ 7.0% cap · market cap 840,457.14%
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
Open Analytics
Current Use
Lease Details
10 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Millennium Catering & Events — 3690 Park Cir Dr, Kalamazoo, MI 49048
- Ice Cream On Wheels of Kalamazoo — 5281 Wynn Rd, Kalamazoo, MI 49048
Frequently Asked Questions
What type of property is this?
Flex space - Two connected suites combine office and industrial areas with light industrial zoning and direct access near an interstate interchange.
Where is this flex space located?
The property is located at 2982 Business One Drive Kalamazoo, MI.
What are key features of this property?
This property features: 3,900 square feet of combined office and warehouse space; Two connected suites with a flexible office‑and‑warehouse configuration; Insulated warehouse can be heated year‑round
