Building Details

Building Size 1,419 SF

Year Built 1969

Stories 1449

Listing Agency: Show Phone

Listed By: Dan Hendrick Show Phone

Source: Danhendrick.clydehendrickrealtors

Added: Oct 19 Changed: Oct 28 Last Checked: Oct 28 at 2:42PM

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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 Dan Hendrick

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Investment Insights

Based on property information with market context.

This storefront property is currently operating as a barbershop. Paved parking is provided in front of and behind the building. The parcel measures 0.34 acres, with dimensions of 60' x 250'.

Built in 1969, the property is zoned CC. The address is 4321 S Westnedge Avenue in Kalamazoo, Michigan.

Key Highlights

• Operating barbershop
• 0.34‑acre parcel measuring 60' x 250'
• CC zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,786

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$195,720 $195.7K

Cap Rate 7%

$139,800 $139.8K

Cap Rate 9%

$108,733 $108.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,419 SF

Gross rent

$17.0K $12.00/SF

− Vacancy

−$3.0K −$2.15/SF

EGI

$14.0K $9.85/SF

− OpEx

−$4.2K −$2.96/SF

NOI

$9.8K $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%

$195,720

Cap Rate 7%

$139,800

Cap Rate 9%

$108,733

Alternative Uses

Best Use

Retail

$139.8K

$122.3K – $163.1K (±1% cap)

NOI $9,786 @ 7.0% cap · market cap 3.91%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$371.3K

$324.9K – $433.2K (±1% cap)

NOI $25,993 @ 7.0% cap · market cap 10.40%

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

A’s barbershop Llc Barber Shop

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Garden Center Parking Lot & Garage Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

587

Businesses Nearby

352k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 38% Groceries 35% Home Improvements & Furnishings 15% Dining 10%

Meijer Groceries

101,867 visits/mo 0.4 miles

Lowe's Home Improvements & Furnishings

29,124 visits/mo 0.4 miles

Meijer Gas Station Shops & Services

25,902 visits/mo 0.4 miles

HomeGoods Home Improvements & Furnishings

22,468 visits/mo 0.2 miles

Earth Fare Groceries

21,322 visits/mo 0.3 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - A barbershop occupies the building, with paved parking available at the front and rear.

Where is this storefront property located?

The property is located at 4321 S Westnedge Avenue Kalamazoo, MI.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Operating barbershop; 0.34‑acre parcel measuring 60' x 250'; CC zoning