Freestanding Bank Branch with
5135 Kalamazoo Avenue SE Grand Rapids, MI 49508
5135 Kalamazoo Avenue SE, Grand Rapids, MI, 49508
$625,000
For Sale
$625,000
COMMERCIAL - Grand Rapids, MI
Property Size3,764 SF
Lot Size1.69 Acres
Price / SF$166.05
Days on Market46
Property Features for 5135 Kalamazoo Avenue SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 41-18-29-480-044
- Size
- 3,764 SF
- Lot size
- 1.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E 299 FT OF THAT PART OF SE 1/4 SE 1/4 LYING S OF GLENWOOD FOREST NO.2 EX COM AT SE COR OF SEC TH N 1D 08M 44S W ALONG E
- Tax Annual Amount
- 18869
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
Listing Agency
NAI Wisinski of West Michigan
(269) 353-0311
650 Trade Centre Way, Ste 130, Kalamazoo, MI
Listed by
Jodi K Milks · License #6502339107
(269) 353-0311
Added: Jun 2 Checked: Jul 17 at 9:06 pm
MLS# 26026418
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.
For sale: a freestanding 3,210 SF former bank branch with a 350 SF drive-thru, situated on approximately 0.75 acres in Kent County. The existing configuration supports professional office, medical, or service-oriented use, with the drive-thru component offering a dedicated on-site lane for service functions. Zoned C-4 Office, the property is positioned as an established commercial site for users seeking a standalone building.
The property is located along Kalamazoo Avenue SE, with convenient access to 44th Street and 28th Street. It sits near established neighborhood retail, and it is within close proximity to major regional shopping destinations including Woodland Mall and Breton Village Shopping Center.
Availability is scheduled for September 2026, allowing interested tenants and buyers to plan for an orderly move-in timeline. With its freestanding layout, drive-thru area, and C-4 Office zoning, the building may fit practices and service businesses that want a dedicated structure rather than a multi-tenant space. Please do not contact bank employees during business operations; for more information or to schedule a tour, contact Jodi Milks, CCIM, NAI Wisinski of West Michigan, or email for details.
The property is located along Kalamazoo Avenue SE, with convenient access to 44th Street and 28th Street. It sits near established neighborhood retail, and it is within close proximity to major regional shopping destinations including Woodland Mall and Breton Village Shopping Center.
Availability is scheduled for September 2026, allowing interested tenants and buyers to plan for an orderly move-in timeline. With its freestanding layout, drive-thru area, and C-4 Office zoning, the building may fit practices and service businesses that want a dedicated structure rather than a multi-tenant space. Please do not contact bank employees during business operations; for more information or to schedule a tour, contact Jodi Milks, CCIM, NAI Wisinski of West Michigan, or email for details.
Key Highlights
- 3,210 SF former bank branch with a 350 SF drive‑thru on 0.75 acres in Kent County
- Zoned C‑4 Office
- Located along Kalamazoo Avenue SE with convenient 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 | $79.0k | $21.00 |
| − Vacancy | −$5.5k | −$1.47 |
| EGI | $73.5k | $19.53 |
| − OpEx | −$29.4k | −$7.81 |
| NOI | $44.1k | $11.72 |
3,764 SF · lease $21.00/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$630.1K
$551.3K – $735.1K
NOI $44,107 @ 7.0% cap · market cap 7.06%
Second Best
Office B
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$873.5K
$764.3K – $1.02M
NOI $61,146 @ 7.0% cap · market cap 9.78%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding office/medical facility with drive-thru on Kalamazoo Avenue SE, zoned C-4 Office in Grand Rapids.
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: 3,210 SF former bank branch with a 350 SF drive‑thru on 0.75 acres in Kent County; Zoned C‑4 Office; Located along Kalamazoo Avenue SE with convenient access to 44th Street and 28th Street
