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Flexible Office Space Near Downtown
For Lease
$16.95 SF/Yr

501 Willard St, Kalamazoo, MI 49007

Office opportunity near Downtown Kalamazoo and the Kalamazoo Event Center.

Space SizeContact for details
Days on Market115

Property Features for 501 Willard St

General Information

Standard status Active
Total Parking Spaces 40
Property subtype Office
Zoning LW2
Lease Type NNN

Amenities

40 Parking Spaces

Building Details

Year Built 1954

Spaces For Lease

at 501 Willard St Contact us

Available Space $16.95/Mo

Contact us

Available Space $19.50/Mo

Contact us

Available Space $18.50/Mo

Contact us

Available Space $17.50/Mo

Contact us
Listing Agency: Kalamazoo Commercial Real Estate
Listed By: Andrew Gyorkos · License #6502406462
Source: Carwm.resimplifi
Added: May 13 Changed: Sep 4 Last Checked: Aug 29 at 4:28PM

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 Kalamazoo Commercial Real Estate

Investment Insights

Based on property information with market context.

The property at 501-505 W Willard Street provides a flexible office opportunity near Downtown Kalamazoo and across the street from the new Kalamazoo Event Center. The building is currently divided into two suites and offers up to four potential layout options for office users. Ample on-site parking is available, and the property benefits from visibility at the corner of Westnedge Avenue and Willard Street. 501 W Willard is a 2,595 square foot modern office suite that was fully renovated in 2020. It features an open floorplan with natural light, a reception area, five private offices, a kitchenette, a conference room, and a glass overhead door opening to a private fenced-in courtyard. 505 W Willard offers approximately 10,000 square feet currently built out for a media company. This space includes two large studios, one with an overhead door, a screening room, open and private offices, meeting areas, and a 1950s diner-style kitchen and lounge.

Key Highlights

  • Flexible office opportunity with up to four potential layout options.
  • Ample onsite parking and high visibility at the corner of Westnedge Avenue and Willard Street.
  • Located near Downtown Kalamazoo and across from the Kalamazoo Event Center.

Property Analytics

Current Use

Advanced Business Brokers Business Management Consultant Kalamazoo Commercial Real ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Store Acupuncture Pet Store & Service Clothing & Fashion Store

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
$2.54 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,094
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

$21.28 /SF/Yr
Avg Asking Price
$6–$220 /SF/Yr
Price Range
9,031 SF
Avg Space Size

This space is priced 20% below the average of $21.28 /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 units - Office opportunity near Downtown Kalamazoo and the Kalamazoo Event Center.
Where is this office units located?
The property is located at 501 Willard St Kalamazoo, MI.
What is the lease rate?
The lease rate is $16.95 SF/Yr.
What are key features of this property?
This property features: Flexible office opportunity with up to four potential layout options.; Ample onsite parking and high visibility at the corner of Westnedge Avenue and Willard Street.; Located near Downtown Kalamazoo and across from the Kalamazoo Event Center.
More about this property
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