Flexible Retail and Office
For Sale
$193,510
5100 E Michigan Avenue, Kalamazoo, MI 49048
COMMERCIAL - Kalamazoo, MI
Property Size1,320 SF
Lot Size0.40 Acres
Price / SF$146.60
Days on Market52
Property Features for 5100 E Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
B-3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Comstock
Middle school district
Comstock
High school district
Comstock
Directions
Sprinkle turn right onto E Michigan. Building will be on your right-hand side.
Standard status
Active
APN
07-18-355-060
Size
1,320 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
See attachment
Tax Annual Amount
3182
Legal Description
See attachment
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
2002
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Five Star Real Estate
(269) 459-7898
Listed By:
Natasha R Anderson
(269) 544-9699
Added: Jun 11
Changed: Jul 27
Last Checked: Aug 1 at 2:06AM
MLS# 26028718
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 for-sale commercial property is a flexible building offering two private offices and two large open areas. The layout supports a range of operational setups, including sales- and customer-facing uses, retail merchandising, or light commercial/service workflows, with the open floor plans providing space for displays, inventory storage, and customer service.
The building was formerly operated as a car dealership. A new owner can continue using it for vehicle-related sales or adapt the space for specialty retail, contractor headquarters, professional offices, or other commercial ventures consistent with the existing configuration.
At approximately 1,320 square feet, the property sits on a 0.4-acre lot, providing room for a variety of site and space programming based on the needs of the next tenant or owner.
The building was formerly operated as a car dealership. A new owner can continue using it for vehicle-related sales or adapt the space for specialty retail, contractor headquarters, professional offices, or other commercial ventures consistent with the existing configuration.
At approximately 1,320 square feet, the property sits on a 0.4-acre lot, providing room for a variety of site and space programming based on the needs of the next tenant or owner.
Key Highlights
- Flex commercial building built in 2002 with forced‑air heating and central air
- Former car dealership with layout of two private offices plus two large open areas
- Spacious open floor plans suited to vehicle display, 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
Office B
$189.0K
$165.4K – $220.5K
NOI $13,230 @ 7.0% cap · market cap 6.84%
Second Best
Retail
$130.0K
$113.8K – $151.7K
NOI $9,103 @ 7.0% cap · market cap 4.70%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Office units - Building offers two private offices and two large open areas suited to retail, sales, service, or light commercial uses.
Where is this office units 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: Flex commercial building built in 2002 with forced‑air heating and central air; Former car dealership with layout of two private offices plus two large open areas; Spacious open floor plans suited to vehicle display, inventory storage, customer service, or retail merchandising
