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    Freestanding Bank Building with Drive-Through Title is generated by Realmo AI

    5937 King Highway, Kalamazoo, MI 49048

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    Claim this Listing
    Pending
    $249,000

    COMMERCIAL - Kalamazoo, MI

    Type:Retail
    Property size:
    2,000 SF
    Lot size:
    0.75 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    116
    Last Refresh:
    Jul 6 at 12:06 pm

    Property Features for 5937 King Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Interior features
    Broadband
    Standard status
    Pending
    APN
    07-19-234-010
    Size
    2,000 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    REVISED PARK PLAT LOT 1 & LOT 2 LYING N OF US 12 | REVISED PARK PLAT LOT 14 EXC STATE HWY | SEC 19-2-10 BEG NW COR LOT 1
    Tax Annual Amount
    8835

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air

    Building Details

    Year built
    1939
    Number of units
    1
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Contact an agent
    Jodi K Milks

    Listing agent Jodi K Milks License #6502339107

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date Mar 13, 2026

    MLS# 26009694

    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 2,000 SF building featuring a 300 SF double drive‑thru.
    • Located on 0.75 acres with ample parking.
    • Zoned B‑2 Community Business District, suitable for financial, medical, or quick‑service businesses.
    • Convenient access to I‑94 and Kalamazoo‑Battle Creek International Airport.
    • Brick construction.
    • Broadband internet available.

    Overview

    The property is a freestanding former retail banking facility totaling 2,000 SF, including a 300 SF double drive-thru. The site is comprised of three parcels and provides ample parking to support customer and staff access. Offered for sale in Comstock Charter Township, the building and drive-thru configuration make the layout well-suited for uses requiring both walk-in and vehicle service.

    The property is located just minutes from downtown Kalamazoo and offers convenient access to I-94 and Kalamazoo-Battle Creek International Airport. It sits in the B-2 Community Business District, which supports a range of commercial activity.

    Given its prior banking configuration, drive-thru setup, and parking, this building may be a practical fit for financial service tenants, medical users seeking a freestanding facility, or quick-service concepts that benefit from vehicle throughput. The combination of a dedicated double drive-thru area and multi-parcel site layout provides operational flexibility for potential buyers or operators evaluating a retail or drive-thru-oriented format.

    Local 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 $28.8k $14.40
    − Vacancy −$2.1k −$1.04
    EGI $26.7k $13.36
    − OpEx −$6.7k −$3.34
    NOI $20.0k $10.02
    2,000 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $286.4K
    $250.6K – $334.1K (±1% cap)
    NOI $20,045 @ 7.0% cap · market cap 8.05%
    Second Best
    Specialty Retail
    $268.1K
    $234.6K – $312.7K (±1% cap)
    NOI $18,764 @ 7.0% cap · market cap 7.54%
    Theoretical Best
    Warehouse
    $523.4K
    $457.9K – $610.6K (±1% cap)
    NOI $36,635 @ 7.0% cap · market cap 14.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Comerica Bank - ATM Atm Comerica Bank Bank

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Dental Office Skin Care Clinic Bar & Pub Gym & Fitness Center Food Market Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.513099
    Latitude
    42.287183

    FAQs

    What type of property is this?
    Bank - Freestanding banking facility with double drive-thru and ample parking on three parcels in a B-2 community business district.
    Where is this bank located?
    The property is located at 5937 King Highway Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Freestanding 2,000 SF building **featuring a 300 SF double drive‑thru.**; Located on 0.75 acres with ample parking.; Zoned B‑2 Community Business District, suitable for financial, medical, or quick‑service businesses.
    More about this property
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