Flexible Commercial Building with
New
For Sale
$193,510
5100 E Michigan Avenue, Kalamazoo, MI 49048
Former car dealership with two private offices and two large open areas for sales, retail, office, or light commercial use.
Days on Market5
Property Features for 5100 E Michigan Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
1,320 SF
Year Built
2002
Listing Agency:
Five Star Real Estate
(269) 544-9699
Listed By:
Natasha R Anderson
(269) 544-9699
Source:
Thebrokeragehouse
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 31 at 1:49PM
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 Five Star Real Estate
Investment Insights
Based on property information with market context.
This flexible commercial building was formerly operated as a car dealership and is laid out with two private offices and two large open areas. The open floor plans are designed to support adaptable customer-facing and operational uses, including vehicle display, inventory storage, collaborative work areas, service functions, or retail merchandising. The two separate offices offer dedicated space for management, administrative work, or client meetings.
The property is offered for sale by motivated sellers, and the remarks note that a land contract and lease option may be available with a large down payment. With its dealership-era configuration and adaptable interior space, the building can be continued as an automotive sales and service location or reconfigured for other commercial ventures such as specialty retail, contractor headquarters, professional offices, and service businesses.
A buyer can use the existing arrangement of private offices plus expansive open areas to fit a range of operational needs, depending on how they want to configure customer and work zones within the building.
The property is offered for sale by motivated sellers, and the remarks note that a land contract and lease option may be available with a large down payment. With its dealership-era configuration and adaptable interior space, the building can be continued as an automotive sales and service location or reconfigured for other commercial ventures such as specialty retail, contractor headquarters, professional offices, and service businesses.
A buyer can use the existing arrangement of private offices plus expansive open areas to fit a range of operational needs, depending on how they want to configure customer and work zones within the building.
Key Highlights
- Built in 2002, former car dealership building with flexible commercial layout.
- Two private offices plus two large open areas for sales, retail, office, or service/light commercial use.
- Open floor plans suitable for vehicle displays, inventory storage, customer service, or retail merchandising.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $14.40 |
| − Vacancy | −$1.4k | −$1.04 |
| EGI | $17.6k | $13.36 |
| − OpEx | −$4.4k | −$3.34 |
| NOI | $13.2k | $10.02 |
1,320 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Industrial
$284.5K
$248.9K – $331.9K
NOI $19,912 @ 7.0% cap · market cap 10.29%
Second Best
Office B
$189.0K
$165.4K – $220.5K
NOI $13,230 @ 7.0% cap · market cap 6.84%
Theoretical Best
Warehouse
$345.4K
$302.2K – $403.0K
NOI $24,179 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- At Home — 4620 Stadium Dr, Kalamazoo, MI 49008
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Frequently Asked Questions
What type of property is this?
Showroom - Former car dealership with two private offices and two large open areas for sales, retail, office, or light commercial use.
Where is this showroom located?
The property is located at 5100 E Michigan Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $193,510.
What are key features of this property?
This property features: Built in 2002, former car dealership building with flexible commercial layout.; Two private offices plus two large open areas for sales, retail, office, or service/light commercial use.; Open floor plans suitable for vehicle displays, inventory storage, customer service, or retail merchandising.
