Flex Space with Overhead
New
For Sale
$299,900
3499 E Main Street, Kalamazoo, MI 49048
Workspace includes a small office, a full bathroom, and equipment for automotive or trade use.
Property Size3,780 SF
Lot Size0.24 Acres
Price / SF$79.34
Days on Market3
Property Features for 3499 E Main Street
General Information
Standard status
Active
Size
3,780 SF
Lot size
0.24 Acres
Property subtype
Commercial
Zoning
Commercial, Light Industri
Additional Details
Utilities to Site
Yes
Automotive Uses
auto repair, detailing
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,914
Amenities
new roof (installed 2024) with a 10-year warranty
upgraded wall insulation
new interior siding
10-foot and 12-foot automatic overhead doors
new heating unit
functional small office area
one full bathroom
easy loading access
Building Details
Building Size
3,780 SF
Year Built
1960
Buildings
1
Listing Agency:
Epique Realty
Listed By:
David Elwood
(248) 568-5958
Source:
Alleyrealestatesales
Added: Nov 2
Last Checked: Nov 4 at 6:04AM
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 Epique Realty
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Investment Insights
Based on property information with market context.
The 3,780-square-foot flex property at 3499 E Main Street has a small office area, one full bathroom, and 10-foot and 12-foot automatic overhead doors. Workspace equipment includes an air compressor with multiple connection points and a new heating unit. Upgrades include a roof installed in 2024 with a 10-year warranty, improved wall insulation, and interior siding.
The building sits on a 0.24-acre lot in Kalamazoo Charter Township and connects to public water and sewer as well as natural gas. Its combination of office space, overhead doors, and shop equipment supports commercial workspace needs.
The building sits on a 0.24-acre lot in Kalamazoo Charter Township and connects to public water and sewer as well as natural gas. Its combination of office space, overhead doors, and shop equipment supports commercial workspace needs.
Key Highlights
- 3,780 SF building on a 0.24‑acre lot
- 10‑foot and 12‑foot automatic overhead doors
- 2024 roof installation includes a 10‑year warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,068
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,360
$521.4K
Cap Rate 7%
$372,400
$372.4K
Cap Rate 9%
$289,644
$289.6K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$45.4K $12.00/SF
− Vacancy
−$8.1K −$2.15/SF
EGI
$37.2K $9.85/SF
− OpEx
−$11.2K −$2.96/SF
NOI
$26.1K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,360
Cap Rate 7%
$372,400
Cap Rate 9%
$289,644
Alternative Uses
Best Use
Industrial
$814.6K
$712.8K – $950.4K
NOI $57,022 @ 7.0% cap · market cap 19.01%
Second Best
Retail
$372.4K
$325.9K – $434.5K
NOI $26,068 @ 7.0% cap · market cap 8.69%
Theoretical Best
Warehouse
$989.1K
$865.5K – $1.15M
NOI $69,240 @ 7.0% cap · market cap 23.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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 - Workspace includes a small office, a full bathroom, and equipment for automotive or trade use.
Where is this flex space located?
The property is located at 3499 E Main Street 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 building on a 0.24‑acre lot; 10‑foot and 12‑foot automatic overhead doors; 2024 roof installation includes a 10‑year warranty
