Freestanding Bank Branch with
5135 Kalamazoo Avenue SE, Grand Rapids, MI 49508
New
COMMERCIAL - Grand Rapids, MI
Type:Office
Property size:
3,210 SFLot size:
1.69 AcresPrice / SF:
$194/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 4:06 pm
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
- 3,210 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 agent Jodi K Milks License #6502339107 (269) 353-0311
Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI (269) 353-0311
Listing date Jun 2, 2026
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.
HighLights
- Freestanding 3,210 SF former bank branch with a 350 SF drive‑thru on 0.75 acres in Kent County
- Located along Kalamazoo Avenue SE with convenient access to 44th Street and 28th Street
- Zoned C‑4 Office, suited for professional office, medical, or service‑oriented users
- Year built: 1979; brick construction with forced air heating and central air conditioning
- Includes broadband capability and phone available
Overview
This freestanding property comprises a former bank branch totaling 3,210 square feet, along with an approximately 350 square-foot drive-thru. The building is positioned on 0.75 acres and presents an established configuration that can support professional office, medical office, or other service-oriented uses. Zoned C-4 Office, the site is designed for operators seeking a ready-to-occupy commercial location.
The property is located along Kalamazoo Avenue SE in Grand Rapids, with convenient access to 44th Street and 28th Street. It sits near established neighborhood retail, and is within close proximity to major regional shopping destinations including Woodland Mall and Breton Village Shopping Center, supporting convenient customer and employee access.
With its former bank layout and dedicated drive-thru component, the site is a strong fit for users who value visibility, direct access, and a functional front-facing presence. The C-4 Office zoning further supports a range of professional and service uses. Availability is listed for September 2026.
The property is located along Kalamazoo Avenue SE in Grand Rapids, with convenient access to 44th Street and 28th Street. It sits near established neighborhood retail, and is within close proximity to major regional shopping destinations including Woodland Mall and Breton Village Shopping Center, supporting convenient customer and employee access.
With its former bank layout and dedicated drive-thru component, the site is a strong fit for users who value visibility, direct access, and a functional front-facing presence. The C-4 Office zoning further supports a range of professional and service uses. Availability is listed for September 2026.
Local Financial Insights For Specialty Retail
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 | $73.2k | $22.80 |
| − Vacancy | −$3.7k | −$1.14 |
| EGI | $69.5k | $21.66 |
| − OpEx | −$17.4k | −$5.42 |
| NOI | $52.1k | $16.25 |
3,210 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$744.9K
$651.8K – $869.1K
NOI $52,146 @ 7.0% cap · market cap 8.34%
Second Best
Retail
$664.7K
$581.7K – $775.5K
NOI $46,532 @ 7.0% cap · market cap 7.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank
Bank
Comerica Bank - ATM
Atm
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.626022
- Latitude
- 42.870526
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Freestanding former bank branch with a drive-thru offers strong visibility for office, medical, or 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 with a 350 SF drive‑thru on 0.75 acres in Kent County; Located along Kalamazoo Avenue SE with convenient access to 44th Street and 28th Street; Zoned C‑4 Office, suited for professional office, medical, or service‑oriented users
