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Three-Story Mixed-Use Building
New
For Sale
$690,000

321 S Kalamazoo Mall, Kalamazoo, MI 49007

Upgraded interior finishes and direct attachment to the Epic Parking Garage support a flexible downtown commercial setting.

Property Size6,000 SF
Price / SF$38.33
Days on Market7

Property Features for 321 S Kalamazoo Mall

General Information

Standard status Active
Size 6,000 SF

Additional Details

Opportunity Zone Yes

Amenities

caged storage
partially finished areas

Building Details

Year Built 1980
Buildings 1
Stories 3
Building Size 6,000 SF
Construction concrete steel construction
Tenancy Multi
Listing Agency: Vernon Group Realty
Listed By: Matthew T Vernon · License #6501331622
Source: Katie-k
Added: Aug 25 Changed: Aug 29 Last Checked: Aug 30 at 6:56PM

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 Vernon Group Realty

Investment Insights

Based on property information with market context.

This 18,000 SF mixed-use building contains three floors of approximately 6,000 SF each and was built in 1980. Interior finishes have been upgraded, while the concrete-and-steel structure was engineered to support the addition of another floor. The property also includes caged storage and partially finished areas that expand its functional capacity.

The first and second floors are fully leased to two businesses under modified gross leases. The building is attached to the Epic Parking Garage, providing connected parking access. Its downtown Kalamazoo location places it within walking distance of restaurants, brewpubs, coffee shops, and retail. The property is also situated within a tax-incentivized Opportunity Zone.

Key Highlights

  • 18,000 SF mixed‑use building with 6,000 SF per 3 floors
  • 1st & 2nd floors fully leased by 2 businesses
  • Modified Gross Leases in place

Property Analytics

Current Use

Center For Clinical Research ... Research Institute Morrison Jewelers (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Acupuncture Clothing & Fashion Store Supermarket

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,165
Businesses Nearby
62k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 41% Hotels & Casinos 12% Electronics 2%
McDonald's Dining
15,871 visits/mo 0.3 miles
Shell Shops & Services
13,648 visits/mo 0.4 miles
Checkers Dining
6,149 visits/mo 0.5 miles
Barrio Tacos Dining
4,643 visits/mo 0.1 miles
Family Dollar Shops & Services
4,370 visits/mo 0.5 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

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Upgraded interior finishes and direct attachment to the Epic Parking Garage support a flexible downtown commercial setting.
Where is this mixed-use property located?
The property is located at 321 S Kalamazoo Mall Kalamazoo, MI.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 18,000 SF mixed‑use building with 6,000 SF per 3 floors; 1st & 2nd floors fully leased by 2 businesses; Modified Gross Leases in place
More about this property
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