Retail Building in Downtown
For Sale
$399,999
525 E Kalamazoo Ave, Kalamazoo, MI 49007
Freestanding retail building with Adult-Use license in prime location.
Property Size2,674 SF
Lot Size0.14 Acres
Days on Market235
Property Features for 525 E Kalamazoo Ave
General Information
Standard status
Active
Size
2,674 SF
Lot size
0.14 Acres
Property subtype
Commercial
Building Details
Building Size
2,674 SF
Year Built
1947
Listing Agency:
C3 CRE, LLC
Listed By:
Corbin Yaldoo · License #MI 6502431997
(248) 220-1110
Source:
Elliman
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 30 at 4:21PM
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 C3 CRE, LLC
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Investment Insights
Based on property information with market context.
This freestanding retail building is available for sale and is suitable for many traditional retail users and investors. The property was formerly operating as a turnkey Provisioning Center and includes an Adult-Use license. It is located in a prime downtown Kalamazoo location, near three major colleges and universities. The site has approximately 10 parking spaces, in addition to nearby municipal parking. There is one garage door in the rear of the property. The site is situated on East Kalamazoo Avenue, which sees over 17,121 vehicles per day. In addition to the dense residential population, it is surrounded by a mix of national and local tenants, providing excellent exposure and traffic.
Key Highlights
- Prime downtown Kalamazoo location near three major colleges/universities.
- Includes an Adult‑Use license (former Provisioning Center).
- High traffic location: 17,121+ vehicles per day on East Kalamazoo Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,441
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,820
$368.8K
Cap Rate 7%
$263,443
$263.4K
Cap Rate 9%
$204,900
$204.9K
Market Conditions
NOI Build-Up for 2,674 SF
Gross rent
$32.1K $12.00/SF
− Vacancy
−$5.7K −$2.15/SF
EGI
$26.3K $9.85/SF
− OpEx
−$7.9K −$2.96/SF
NOI
$18.4K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,820
Cap Rate 7%
$263,443
Cap Rate 9%
$204,900
Alternative Uses
Best Use
Retail
$263.4K
$230.5K – $307.4K
NOI $18,441 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$699.7K
$612.3K – $816.4K
NOI $48,981 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,946
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 13%
Hotels & Casinos 10%
Home Improvements & Furnishings 2%
McDonald's
Dining
15,871 visits/mo
0.5 miles
Checkers
Dining
6,149 visits/mo
0.1 miles
Lee's Famous Recipe Chicken
Dining
5,202 visits/mo
0.5 miles
Barrio Tacos
Dining
4,643 visits/mo
0.4 miles
Hilton Garden Inn Kalamazoo Downtown
Hotels & Casinos
4,289 visits/mo
0.5 miles
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building with Adult-Use license in prime location.
Where is this storefront property located?
The property is located at 525 E Kalamazoo Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Prime downtown Kalamazoo location near three major colleges/universities.; Includes an Adult‑Use license (former Provisioning Center).; High traffic location: 17,121+ vehicles per day on East Kalamazoo Avenue.
