Remodeled Two-Unit Retail
For Sale
$650,000
4413 W KL Avenue, Kalamazoo, MI 49007
Commercial Sale, Kalamazoo, MI
Property Size5,153 SF
Lot Size0.55 Acres
Price / SF$126.14
Days on Market305
Property Features for 4413 W KL Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
CC2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Subdivision
Greater Kalamazoo - K
Standard status
Active
APN
06-19-358-001
Size
5,153 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
On file.
Tax Annual Amount
15395
Legal Description
On file.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
open floor plan
Building Details
Year built
1991
Floors in Building
1
Number of units
1
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Connor Schultze · License #6501453214
(269) 370-6437
Added: Dec 4, 2025
Changed: Oct 2
Last Checked: Oct 5 at 7:06PM
MLS# 25060753
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.
This two-unit retail property contains approximately 5,153 square feet of commercial space on a 0.55-acre site. Both units have been remodeled, and one includes a new furnace. Open interior layouts support retail or professional services configurations, while two bathrooms, forced-air heating, and central air provide practical building infrastructure. The property was built in 1991.
Positioned east of the intersection of Drake and West KL Avenue in Kalamazoo, the site offers access from two high-traffic corridors, along with easy ingress and egress. The large lot provides ample parking for customers, staff, or visitors. Each unit can function independently, giving the property a two-unit configuration for retail or professional services use.
Positioned east of the intersection of Drake and West KL Avenue in Kalamazoo, the site offers access from two high-traffic corridors, along with easy ingress and egress. The large lot provides ample parking for customers, staff, or visitors. Each unit can function independently, giving the property a two-unit configuration for retail or professional services use.
Key Highlights
- 5,153 SF two‑unit retail or professional services property
- 0.55‑acre site with a large lot and ample parking
- Both units recently remodeled; one has a new furnace
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.
Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
397k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Superstores 30%
Dining 28%
Home Improvements & Furnishings 8%
Costco Wholesale
Superstores
119,173 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
61,668 visits/mo
0.4 miles
McDonald's
Dining
25,002 visits/mo
0.4 miles
Speedway
Shops & Services
24,068 visits/mo
0.3 miles
Starbucks
Dining
21,412 visits/mo
0.4 miles
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
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?
Retail space - Flexible commercial space with open interiors, central air, and ample on-site parking.
Where is this retail space located?
The property is located at 4413 W KL 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: 5,153 SF two‑unit retail or professional services property; 0.55‑acre site with a large lot and ample parking; Both units recently remodeled; one has a new furnace
