Downtown Office Building with Adjacent
S 315 S Kalamazoo Mall Unit SourceFi Kalamazoo, MI 49007
S 315 S Kalamazoo Mall Unit SourceFi, Kalamazoo, MI, 49007
$2,800,000
For Sale
$2,800,000
Multi-tenant office building currently occupied by Acrisure, with an immediately adjacent included property at 126 South Street.
Property Size24,169 SF
Price / SF$115.85
Days on Market144
Property Features for S 315 S Kalamazoo Mall Unit SourceFi
General Information
- Standard status
- Active
- Size
- 24,169 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing agency
(269) 930-1679
Listed by
Callander Commercial
(269) 930-1679
Source
Xome
Added: Feb 28 Updated: Jul 22 at 2:32AM Checked: Jul 22 at 2:32AM
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 Callander Commercial
Investment Insights
Based on property information with market context.
This office building at S 315 S Kalamazoo Mall Unit SourceFi is currently occupied by Acrisure. The company moved into the property after its acquisition of Burnham & Flower, which had been headquartered here for approximately two decades, supporting the property’s long-term historical tenancy as described in the offering materials.
The sale also includes 126 South Street, which is immediately adjacent to the main property. The remarks further note ongoing growth in Downtown Kalamazoo, including a new $500M+ area/event center located just blocks away.
Overall, the investment offering centers on an established, current corporate occupancy by Acrisure and the added value of the immediately adjacent included address.
The sale also includes 126 South Street, which is immediately adjacent to the main property. The remarks further note ongoing growth in Downtown Kalamazoo, including a new $500M+ area/event center located just blocks away.
Overall, the investment offering centers on an established, current corporate occupancy by Acrisure and the added value of the immediately adjacent included address.
Key Highlights
- Multi‑tenant office building occupied by Acrisure following its acquisition of Burnham & Flower
- Sale includes 126 South Street, immediately adjacent to the office building
- Year built: 1975
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $348.0k | $14.40 |
| − Vacancy | −$25.1k | −$1.04 |
| EGI | $323.0k | $13.36 |
| − OpEx | −$80.7k | −$3.34 |
| NOI | $242.2k | $10.02 |
24,169 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.46M
$3.03M – $4.04M
NOI $242,231 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.32M
$5.53M – $7.38M
NOI $442,717 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burnham & Flower Insurance ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-tenant office building currently occupied by Acrisure, with an immediately adjacent included property at 126 South Street.
Where is this office building located?
The property is located at S 315 S Kalamazoo Mall Unit SourceFi Kalamazoo, MI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Multi‑tenant office building occupied by Acrisure following its acquisition of Burnham & Flower; Sale includes 126 South Street, immediately adjacent to the office building; Year built: 1975
