Commercial Flex Building with Overhead
For Sale
$299,900
3499 E Main St, Kalamazoo, MI 49048
Move-in-ready flex space with office and multiple overhead doors supports a range of automotive, service, and light industrial uses.
Property Size3,780 SF
Lot Size0.24 Acres
Price / SF$79.34
Days on Market138
Property Features for 3499 E Main St
General Information
Standard status
Active
Size
3,780 SF
Class
A
Total Parking Spaces
15
Lot size
0.24 Acres
Property subtype
Retail, Other
Zoning
C-2
Additional Details
Utilities to Site
Yes
Drive-In Doors
2
Building Details
Building Size
3,780 SF
Year Built
1960
Stories
1
Listing Agency:
Elwood.Biz
Listed By:
David Elwood
(248) 923-4334
Source:
Cpix.resimplifi
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 14 at 5:22AM
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 Elwood.Biz
Investment Insights
Based on property information with market context.
The property is a move-in-ready commercial building of 3,780 square feet with a functional small office and one full bathroom. It has been recently improved with a new roof installed in 2024 and backed by a 10-year warranty, along with upgraded wall insulation and new interior siding. The interior is set up for industrial-capable operations, including 10-foot and 12-foot automatic overhead doors. Mechanical and shop support systems include a new heating unit and a high-functioning air compressor with multiple hook-ups throughout the workspace.
The building is located at 3499 E Main Street in Kalamazoo Charter Township. It sits on a 0.24-acre lot with public water and sewer and natural gas connectivity. The property is zoned CC (Community Commercial), providing flexibility for a variety of small-to-medium commercial uses.
For tenants or owner-occupiers, the overhead door configuration and compressed-air setup make the building a practical fit for auto services such as repair or detail work. It can also function well for contractor and trade uses that need office space plus shop capabilities and equipment support. Alternatively, the CC zoning and street visibility along E Main St support specialty retail or showroom-style businesses, with potential for small-scale distribution or light industrial activity depending on use requirements.
The building is located at 3499 E Main Street in Kalamazoo Charter Township. It sits on a 0.24-acre lot with public water and sewer and natural gas connectivity. The property is zoned CC (Community Commercial), providing flexibility for a variety of small-to-medium commercial uses.
For tenants or owner-occupiers, the overhead door configuration and compressed-air setup make the building a practical fit for auto services such as repair or detail work. It can also function well for contractor and trade uses that need office space plus shop capabilities and equipment support. Alternatively, the CC zoning and street visibility along E Main St support specialty retail or showroom-style businesses, with potential for small-scale distribution or light industrial activity depending on use requirements.
Key Highlights
- 3,780 SF commercial building at 3499 E Main Street in Kalamazoo Charter Township
- CC (Community Commercial) zoning supports retail, service, and office uses
- New roof installed 2024 with a 10‑year warranty, plus upgraded wall insulation and new interior siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,498
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,960
$510.0K
Cap Rate 7%
$364,257
$364.3K
Cap Rate 9%
$283,311
$283.3K
Market Conditions
NOI Build-Up for 3,780 SF
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.
Gross rent
$41.7K $11.04/SF
− Vacancy
−$2.5K −$0.66/SF
EGI
$39.2K $10.38/SF
− OpEx
−$13.7K −$3.63/SF
NOI
$25.5K $6.75/SF
Area
Kalamazoo County, MI
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,960
Cap Rate 7%
$364,257
Cap Rate 9%
$283,311
Alternative Uses
Best Use
Warehouse
$989.1K
$865.5K – $1.15M
NOI $69,240 @ 7.0% cap · market cap 23.09%
Second Best
Industrial
$814.6K
$712.8K – $950.4K
NOI $57,022 @ 7.0% cap · market cap 19.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Frances Street Hot Dogs — 3818 Francis Ave, Kalamazoo, MI 49048
Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready flex space with office and multiple overhead doors supports a range of automotive, service, and light industrial uses.
Where is this flex space located?
The property is located at 3499 E Main St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,780 SF commercial building at 3499 E Main Street in Kalamazoo Charter Township; CC (Community Commercial) zoning supports retail, service, and office uses; New roof installed 2024 with a 10‑year warranty, plus upgraded wall insulation and new interior siding
