Downtown Storefront Near Event
For Lease
$15 SF/Yr
308 W Michigan Ave, Kalamazoo, MI 49007
Landmark property with high ceilings, near upcoming Kalamazoo Event Center.
Space SizeContact for details
Days on Market112
Property Features for 308 W Michigan Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1850
Units
2
Listing Agency:
Dover Birch & Associates
(269) 276-0402
Listed By:
Rob Peterson · License #6502431087
(269) 276-0402
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 13 at 7:08AM
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 Dover Birch & Associates
Investment Insights
Based on property information with market context.
This landmark downtown property is located just one block from the upcoming Kalamazoo Event Center. The property features a classic storefront and high ceilings, with a capacity for 1,500 to 3,000 square feet. It will be delivered in white box condition. The new owners are interested in honoring the building's history, potentially returning it to its prior use as a bookstore and newsstand or another endeavor that connects with its past. Plans are in place to convert the upper level to apartments, but the owner is open to other ideas. The property has a walk score of 91, indicating it is a walker's paradise, and a bike score of 74, indicating it is very bikeable. Lease terms are negotiable.
Key Highlights
- Walker's Paradise: Enjoy a Walk Score of 91
- Prime Downtown Location: Just one block from the upcoming Kalamazoo Event Center
- Classic Storefront and High Ceilings
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Hotels & Casinos 12%
Dining 10%
Shell
Shops & Services
13,648 visits/mo
0.5 miles
Citgo
Shops & Services
3,053 visits/mo
0.4 miles
Comfort Inn
Hotels & Casinos
2,592 visits/mo
0.3 miles
Jimmy John's
Dining
2,166 visits/mo
0.2 miles
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
Market
Lease Benchmarks for Kalamazoo, MI
$14.09 /SF/Yr
Avg Asking Price
$9–$20 /SF/Yr
Price Range
4,804 SF
Avg Space Size
This space is priced 6% above the average of $14.09 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Landmark property with high ceilings, near upcoming Kalamazoo Event Center.
Where is this storefront property located?
The property is located at 308 W Michigan Ave Kalamazoo, MI.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Walker's Paradise: Enjoy a Walk Score of 91; Prime Downtown Location: Just one block from the upcoming Kalamazoo Event Center; Classic Storefront and High Ceilings
