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Corner Retail Suite
For Lease
$20 SF/Yr

338 N Drake Rd, Kalamazoo, MI 49009

3,481-square-foot retail space with access from Drake Road and West Main Street in a high-traffic commercial corridor.

Space SizeContact for details
Days on Market255

Property Features for 338 N Drake Rd

General Information

Standard status Active
Property subtype Retail
Zoning CC
Lease Type NNN

Additional Details

Space Use Retail
Road Access Yes

Building Details

Tenancy Multi

Spaces For Lease

at 338 N Drake Rd
Available Space $20/Mo
Contact us
Listing Agency: Plazacorp Realty Advisors, Inc.
Listed By: Trisha Kidd
Source: Carwm.resimplifi
Added: Feb 2 Changed: Oct 3 Last Checked: Oct 14 at 7:47PM

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 Plazacorp Realty Advisors, Inc.

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Investment Insights

Based on property information with market context.

This 3,481-square-foot retail space includes a corner suite built to national tenant standards. The property carries CC zoning and offers a modern architectural design across portions of the center. The available space is connected to AT&T and Colonial Kitchen.

Located at 338 N Drake Rd in Kalamazoo, the center provides multiple access points from Drake Road along with deeded access to West Main Street. The property sits across from Lowe’s, Kohl’s, and Harding’s Grocery Store, with Western Michigan University nearby. Additional surrounding development includes Panda Forest on West Main, as well as Freddie’s Frozen Custard and Steakburger projects identified as coming soon.

Key Highlights

  • 3,481‑square‑foot corner retail space
  • CC zoning
  • Built to national tenant standards

Property Analytics

Current Use

TrueSleep (New Ownership ... Furniture & Home Goods

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Real Estate Agency HVAC Service

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
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

674
Businesses Nearby
748k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 34% Shops & Services 21% Apparel 19% Superstores 12%
Target Superstores
90,750 visits/mo 0.5 miles
Marshalls Apparel
50,597 visits/mo 0.3 miles
Chick-fil-A Dining
45,758 visits/mo 0.1 miles
Hobby Lobby Shops & Services
39,652 visits/mo 0.2 miles
Kohl's Apparel
37,335 visits/mo 0.2 miles

Demographics for 49009, MI

47,188
Population
20,609
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
462
Density / Sq Mi
$82,364
Median Household Income
$44,702
Median Earnings
$1,089
Median Rent
$330,300
Median Home Value

Market

Lease Benchmarks for Kalamazoo, MI

$16.53 /SF/Yr
Avg Asking Price
$8–$29 /SF/Yr
Price Range
16,791 SF
Avg Space Size

This space is priced 21% above the average of $16.53 /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

Frequently Asked Questions

What type of property is this?
Retail space - 3,481-square-foot retail space with access from Drake Road and West Main Street in a high-traffic commercial corridor.
Where is this retail space located?
The property is located at 338 N Drake Rd Kalamazoo, MI.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 3,481‑square‑foot corner retail space; CC zoning; Built to national tenant standards
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