Freestanding Office with
5135 Kalamazoo Avenue SE Grand Rapids, MI 49508
5135 Kalamazoo Avenue SE, Grand Rapids, MI, 49508
Contact for pricing
For Sale
Contact for pricing
Freestanding former bank branch with drive-thru, offering adaptable space for office or medical service users.
Property Size3,210 SF
Lot Size0.75 Acres
Price / SF$194.70
Days on Market51
Property Features for 5135 Kalamazoo Avenue SE
General Information
- Standard status
- Active
- Size
- 3,210 SF
- Lot size
- 0.75 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1979
Listing agency
NAI Wisinski of West Michigan - Kalamazoo
Listed by
Jodi K. Milks, CCIM · License #6506044331
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 9:50AM
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 NAI Wisinski of West Michigan - Kalamazoo
Investment Insights
Based on property information with market context.
This freestanding 3,210 SF former bank branch includes an additional 350 SF drive-thru, positioned on 0.75 acres. The property is configured as a dedicated stand-alone facility, which can support professional office, medical, or service-oriented operations depending on the tenant’s layout and build-out needs. Zoning is C-4 Office.
The building is located along Kalamazoo Avenue SE in Grand Rapids, with convenient access to 44th Street and 28th Street. The site sits near established neighborhood retail, and is within close proximity to Woodland Mall and Breton Village Shopping Center.
For users seeking a visible, independently accessible facility, the drive-thru component can support service models that benefit from vehicle-based access. The C-4 Office zoning provides flexibility for office and related uses, and the property is available beginning September 2026. Please do not contact bank employees during business operations. For information or to schedule a tour, contact Jodi Milks, CCIM, NAI Wisinski of West Michigan.
The building is located along Kalamazoo Avenue SE in Grand Rapids, with convenient access to 44th Street and 28th Street. The site sits near established neighborhood retail, and is within close proximity to Woodland Mall and Breton Village Shopping Center.
For users seeking a visible, independently accessible facility, the drive-thru component can support service models that benefit from vehicle-based access. The C-4 Office zoning provides flexibility for office and related uses, and the property is available beginning September 2026. Please do not contact bank employees during business operations. For information or to schedule a tour, contact Jodi Milks, CCIM, NAI Wisinski of West Michigan.
Key Highlights
- Freestanding 3,210 SF former bank branch on 0.75 acres in Kent County
- Includes a 350 SF drive‑thru window area
- Located along Kalamazoo Avenue SE with access to 44th Street and 28th Street
Local Financial Insights For Healthcare Medical
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 | $67.4k | $21.00 |
| − Vacancy | −$4.7k | −$1.47 |
| EGI | $62.7k | $19.53 |
| − OpEx | −$25.1k | −$7.81 |
| NOI | $37.6k | $11.72 |
3,210 SF · lease $21.00/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$537.4K
$470.2K – $626.9K
NOI $37,615 @ 7.0% cap · market cap 6.02%
Second Best
Office B
$428.6K
$375.0K – $500.0K
NOI $30,002 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$744.9K
$651.8K – $869.1K
NOI $52,146 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank
Bank
Comerica Bank - ATM
Atm
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FAQs
What type of property is this?
Office building - Freestanding former bank branch with drive-thru, offering adaptable space for office or medical service users.
Where is this office building located?
The property is located at 5135 Kalamazoo Avenue SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Freestanding 3,210 SF former bank branch on 0.75 acres in Kent County; Includes a 350 SF drive‑thru window area; Located along Kalamazoo Avenue SE with access to 44th Street and 28th Street
