Freestanding Restaurant
For Sale
$650,000
3811 S Westnedge Avenue, Kalamazoo, MI 49008
Commercial Sale, Kalamazoo, MI
Property Size2,623 SF
Price / SF$247.81
Days on Market138
Property Features for 3811 S Westnedge Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
CC2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Broadband
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Standard status
Active
APN
06-34-165-103
Size
2,623 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
On file.
Tax Annual Amount
20921
Legal Description
On file.
Utilities
Utilities
Cable Available
Heating system
Radiant, Solar (Heating), Forced Air
Amenities
two restrooms
dining area with fireplace
bar area
kitchen area
Building Details
Year built
2015
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
Kalamazoo Commercial Real Estate
(269) 888-2755
Listed By:
TJ Ward
(269) 569-4289
Added: May 29
Changed: Oct 8
Last Checked: Oct 13 at 5:06AM
MLS# 26025609
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 2,623-square-foot freestanding restaurant property was built in 2015 and features a practical layout for food and beverage operations. Improvements include a dining area with fireplace, bar area, kitchen, two restrooms, and a fenced patio. Brick construction, forced-air, solar, and radiant heating systems are in place, along with broadband and cable availability.
Positioned on South Westnedge Avenue between Cork Street and Kilgore Road, the property sits within an established commercial corridor. I-94 is approximately 1.5 miles away, providing access for local and regional traffic. Exterior features include on-site parking and pylon signage equipped with a digital sign.
The existing configuration may accommodate restaurant, beverage, retail, or service-oriented occupancy, subject to applicable requirements.
Positioned on South Westnedge Avenue between Cork Street and Kilgore Road, the property sits within an established commercial corridor. I-94 is approximately 1.5 miles away, providing access for local and regional traffic. Exterior features include on-site parking and pylon signage equipped with a digital sign.
The existing configuration may accommodate restaurant, beverage, retail, or service-oriented occupancy, subject to applicable requirements.
Key Highlights
- 2,623 SF freestanding restaurant building
- Built in 2015 with brick construction
- Dining area with fireplace, bar, kitchen, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,609
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,180
$492.2K
Cap Rate 7%
$351,557
$351.6K
Cap Rate 9%
$273,433
$273.4K
Market Conditions
NOI Build-Up for 2,623 SF
Gross rent
$34.5K $13.14/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$32.8K $12.51/SF
− OpEx
−$8.2K −$3.13/SF
NOI
$24.6K $9.38/SF
Area
Kalamazoo County, MI
Vacancy
4.80%
Lease Rate
$13.14 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,180
Cap Rate 7%
$351,557
Cap Rate 9%
$273,433
Alternative Uses
Best Use
Specialty Retail
$351.6K
$307.6K – $410.2K
NOI $24,609 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$258.4K
$226.1K – $301.5K
NOI $18,089 @ 7.0% cap · market cap 2.78%
Theoretical Best
Warehouse
$686.4K
$600.6K – $800.8K
NOI $48,047 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 20%
Apparel 3%
Electronics 2%
McDonald's
Dining
17,006 visits/mo
0.3 miles
Taco Bell
Dining
12,369 visits/mo
0.3 miles
Speedway
Shops & Services
10,573 visits/mo
0.2 miles
Burger King
Dining
9,260 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,477 visits/mo
0.4 miles
Demographics for 49008, MI
18,343
Population
7,124
Households
2.6
Avg Household Size
31
Median Age
55%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
2,738
Density / Sq Mi
$67,339
Median Household Income
$31,756
Median Earnings
$1,005
Median Rent
$202,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-oriented space with dining, bar, kitchen, patio, signage, and on-site parking.
Where is this conventional restaurant located?
The property is located at 3811 S Westnedge Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,623 SF freestanding restaurant building; Built in 2015 with brick construction; Dining area with fireplace, bar, kitchen, and two restrooms
