Remodeled Retail Space For
For Sale
$650,000
4413 W KL Ave, Kalamazoo, MI 49006
Retail or professional services space with high-traffic visibility.
Property Size5,153 SF
Price / SF$126.14
Days on Market326
Property Features for 4413 W KL Ave
General Information
Standard status
Active
Size
5,153 SF
Property subtype
Retail
Zoning
CC2
Building Details
Year Built
1991
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Connor Schultze · License #6501453214
(269) 459-0438
Source:
Carwm.resimplifi
Added: Dec 2, 2025
Changed: Oct 22
Last Checked: Oct 23 at 3:24AM
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.
The property features approximately 5,153 square feet of retail or professional services space. Located east of the intersection of Drake and West KL Avenue, the building consists of two units that have been recently remodeled. One unit includes a new furnace. The open floor plan is adaptable for a wide range of uses, making it suitable for many retail or professional concepts. The site offers easy ingress and egress, a large lot with ample parking, and strong visibility along two high-traffic corridors. As a two-unit property, it presents an opportunity for investors or owner-occupants, allowing rental income from one unit to offset costs for the user-owner, or provide a steady rental income from both units. The location has a Walk Score of 38, indicating car-dependence, and a Bike Score of 38, indicating it is somewhat bikeable.
Key Highlights
- Move‑in ready, recently remodeled units suitable for retail or professional services.
- Excellent investment or owner‑occupant opportunity with potential rental income from one or both units.
- High visibility location on two high‑traffic corridors.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,537
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,740
$710.7K
Cap Rate 7%
$507,671
$507.7K
Cap Rate 9%
$394,856
$394.9K
Market Conditions
NOI Build-Up for 5,153 SF
Gross rent
$61.8K $12.00/SF
− Vacancy
−$11.1K −$2.15/SF
EGI
$50.8K $9.85/SF
− OpEx
−$15.2K −$2.96/SF
NOI
$35.5K $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%
$710,740
Cap Rate 7%
$507,671
Cap Rate 9%
$394,856
Alternative Uses
Best Use
Retail
$507.7K
$444.2K – $592.3K
NOI $35,537 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,390 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
214k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 56%
Shops & Services 19%
Home Improvements & Furnishings 14%
Dining 11%
Costco Wholesale
Superstores
119,173 visits/mo
0.4 miles
Speedway
Shops & Services
24,068 visits/mo
0.1 miles
At Home
Home Improvements & Furnishings
19,235 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
10,946 visits/mo
0.5 miles
Condado Tacos
Dining
7,456 visits/mo
0.4 miles
Demographics for 49006, MI
25,119
Population
12,093
Households
2.1
Avg Household Size
27
Median Age
44%
College-Educated
91%
High-School Grad
6.0 sq mi
ZIP Area
4,187
Density / Sq Mi
$45,617
Median Household Income
$18,710
Median Earnings
$991
Median Rent
$198,000
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
Frequently Asked Questions
What type of property is this?
Retail space - Retail or professional services space with high-traffic visibility.
Where is this retail space located?
The property is located at 4413 W KL Ave 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: Move‑in ready, recently remodeled units suitable for retail or professional services.; Excellent investment or owner‑occupant opportunity with potential rental income from one or both units.; High visibility location on two high‑traffic corridors.**
