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Versatile Office Building for Lease
For Lease
$10 SF/Yr

458 W South St, Kalamazoo, MI 49007

7100 sq ft office building, potential for two units.

Space SizeContact for details
Days on Market122

Property Features for 458 W South St

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1939
Units 2
Listing Agency: Berkshire Hathaway HomeServices MI
Listed By: Dave A Schnelker
Source: Elliman
Added: Apr 24 Changed: Aug 15 Last Checked: Aug 23 at 7:48AM

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 Berkshire Hathaway HomeServices MI

Investment Insights

Based on property information with market context.

This 7100 sq. ft. office building offers flexibility, with the potential to be divided into two 3500 sq. ft. units. The main floor features 9 offices and 1 bathroom, while the second floor includes 9 offices and 2 bathrooms. Separate utilities are available. The location has a bike score of 60, indicating it is bikeable, and a walk score of 70, signifying it is very walkable. The lease term is 5 years.

Key Highlights

  • Solid 7100 sq. ft. office building.
  • Potential to split into two 3500 sq. ft. units, each with separate utilities.
  • 9 offices on each of the two floors.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Grocery & Convenience Store Locksmith Acupuncture

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

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,483
Businesses Nearby

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

Market

Lease Benchmarks for Kalamazoo, MI

$22.79 /SF/Yr
Avg Asking Price
$10–$68.97 /SF/Yr
Price Range
16,797 SF
Avg Space Size

This space is priced 56% below the average of $22.79 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 7100 sq ft office building, potential for two units.
Where is this office building located?
The property is located at 458 W South St Kalamazoo, MI.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Solid 7100 sq. ft. office building.; Potential to split into two 3500 sq. ft. units, each with separate utilities.; 9 offices on each of the two floors.
More about this property
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