Office Unit with Waiting
For Sale
Contact for pricing
350 E Michigan Avenue Suite 17, Kalamazoo, MI 49007
The 1,188-square-foot suite includes four offices and a waiting room for professional use.
Property Size1,188 SF
Price / SF$0.01
Days on Market51
Property Features for 350 E Michigan Avenue Suite 17
General Information
Standard status
Active
Size
1,188 SF
Elevators
Yes
Amenities
atrium
ADA access
updated common areas
Sarkozy Bakery and Café within the building
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Source:
Blueowlprop
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 3 at 7:01AM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This 1,188-square-foot office unit at 350 E Michigan Avenue, Suite 17, provides four separate offices and a waiting room. The suite is located within Columbia Plaza, a multi-suite office property with updated shared areas, an atrium, a glass elevator, and ADA access to each floor.
The building occupies the corner of Michigan Avenue and Portage Street in Downtown Kalamazoo. On-site surface parking is available, and the property is within walking distance of restaurants, retail, and entertainment. Sarkozy Bakery and Café is located within the building. The advertised lease structure is gross, with in-suite janitorial service excluded, and some on-site parking included.
The building occupies the corner of Michigan Avenue and Portage Street in Downtown Kalamazoo. On-site surface parking is available, and the property is within walking distance of restaurants, retail, and entertainment. Sarkozy Bakery and Café is located within the building. The advertised lease structure is gross, with in-suite janitorial service excluded, and some on-site parking included.
Key Highlights
- 1,188 SF office unit with four offices and a waiting room
- Columbia Plaza location at Michigan Avenue and Portage Street
- On‑site surface parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,907
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,140
$238.1K
Cap Rate 7%
$170,100
$170.1K
Cap Rate 9%
$132,300
$132.3K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$17.1K $14.40/SF
− Vacancy
−$1.2K −$1.04/SF
EGI
$15.9K $13.36/SF
− OpEx
−$4.0K −$3.34/SF
NOI
$11.9K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,140
Cap Rate 7%
$170,100
Cap Rate 9%
$132,300
Alternative Uses
Best Use
Office B
$170.1K
$148.8K – $198.5K
NOI $11,907 @ 7.0% cap · market cap 99,225.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$310.9K
$272.0K – $362.7K
NOI $21,761 @ 7.0% cap · market cap 181,341.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The 1,188-square-foot suite includes four offices and a waiting room for professional use.
Where is this office unit located?
The property is located at 350 E Michigan Avenue Suite 17 Kalamazoo, MI.
What are key features of this property?
This property features: 1,188 SF office unit with four offices and a waiting room; Columbia Plaza location at Michigan Avenue and Portage Street; On‑site surface parking available
