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Refinished Retail Space on Michigan
For Lease
$12 SF/Yr

340 E Michigan Ave, Kalamazoo, MI 49007

First-floor retail space with exposed brick and ample parking.

Space SizeContact for details
Property Size2,727 SF
Days on Market105

Property Features for 340 E Michigan Ave

General Information

Standard status Active
Size 2,727 SF
Property subtype Commercial

Building Details

Year Built 1898
Listing Agency: Dover Birch & Associates
Listed By: Rob Peterson · License #6502431087
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 31 at 7:49AM

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 refinished first-floor space features exposed brick, high tin ceilings, woodwork, and natural light. It is located on Michigan Avenue near Bimbo's Pizza and Sarkozy Bakery. The space is suitable for a service provider, creative office user, or destination retailer. There is ample on-street parking for customers and two off-street parking spaces for employees. The landlord will split the space, with 1,500 square feet facing the street and 1,227 square feet facing the parking lot. The lease term is 36-60 months. The bike score is 61, indicating it is bikeable, and the walk score is 52, indicating it is somewhat walkable.

Key Highlights

  • Prime location on Michigan Ave near established businesses like Bimbo's Pizza and Sarkozy Bakery.
  • Beautifully refinished interior featuring exposed brick, high tin ceilings, and woodwork.**
  • Abundant natural light fills the space.

Property Analytics

Current Use

Newman's Bookshoppe (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Auto Parts Store Grocery & Convenience Store Nail Salon (Bike/Boat/Book/etc) Store

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,165
Businesses Nearby

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

$15.44 /SF/Yr
Avg Asking Price
$6–$21 /SF/Yr
Price Range
14,304 SF
Avg Space Size

This space is priced 22% below the average of $15.44 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - First-floor retail space with exposed brick and ample parking.
Where is this retail space located?
The property is located at 340 E Michigan Ave Kalamazoo, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Prime location on Michigan Ave near established businesses like Bimbo's Pizza and Sarkozy Bakery.; Beautifully refinished interior featuring exposed brick, high tin ceilings, and woodwork.**; Abundant natural light fills the space.
More about this property
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