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Retail Space Near Key Intersection
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308 N Drake Rd, Kalamazoo, MI 49006

Retail and restaurant spaces with easy access and ample parking.

Space Size2,400 SF
Property Size7,100 SF
Days on Market1133

Property Features for 308 N Drake Rd

General Information

Standard status Active
Size 2,400 SF
Property subtype Retail, Restaurant
Lease Type NNN

Building Details

Building Size 7,100 SF
Tenancy Multiple

Spaces For Lease

at 308 N Drake Rd Contact us

Suite 316

Size
2,400 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Plaza Corp
Listed By: Trisha Kidd · License #6502433025
Source: Crexi
Added: Jul 27, 2023 Changed: Aug 14 Last Checked: Sep 1 at 12:39AM

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 Plaza Corp

Investment Insights

Based on property information with market context.

This commercial property is positioned near the number one intersection in Southwest Michigan, specifically near the corner of Drake Road and West Main. The location offers easy accessibility and ample parking.

Key Highlights

  • Located near the #1 intersection in Southwest Michigan.
  • Prime corner of Drake and West Main location.
  • Easy accessibility.

Property Analytics

Current Use

Retail properties & Spaces

Suggested Use

Top Pick Law Firm Parking Lot & Garage Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Barber Shop

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

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

562
Businesses Nearby
87k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 43% Home Improvements & Furnishings 30% Dining 16% Shops & Services 7%
Kohl's Apparel
37,335 visits/mo 0.5 miles
Lowe's Home Improvements & Furnishings
23,854 visits/mo 0.3 miles
Blaze Pizza Dining
11,518 visits/mo 0.4 miles
Family Dollar Shops & Services
4,376 visits/mo 0.4 miles
Wingstop Dining
2,363 visits/mo 0.4 miles

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

Market

Lease Benchmarks for Kalamazoo, MI

$16.24 /SF/Yr
Avg Asking Price
$7–$25 /SF/Yr
Price Range
17,053 SF
Avg Space Size

This space is priced 11% above the average of $16.24 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail property - Retail and restaurant spaces with easy access and ample parking.
Where is this retail property located?
The property is located at 308 N Drake Rd Kalamazoo, MI.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Located near the #1 intersection in Southwest Michigan.; Prime corner of Drake and West Main location.; Easy accessibility.
(269) 217-6486 Call to check price and availability
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