Single-Tenant Office
5990 Venture Park Dr Kalamazoo, MI 49009
5990 Venture Park Dr, Kalamazoo, MI, 49009
$899,900
For Sale
$899,900
A 6,800 SF office building with private offices, meeting space, and parking for tenant-friendly operations.
Property Size6,800 SF
Lot Size1.24 Acres
Price / SF$132.34
Days on Market50
Property Features for 5990 Venture Park Dr
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Lot size
- 1.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing agency
NAI Wisinski of West Michigan
(269) 459-0435
Listed by
Kara Schroer · License #6501373674
(269) 459-0435
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 5:15AM
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
Investment Insights
Based on property information with market context.
This 6,800 SF office building is currently configured for a single tenant and includes private offices, meeting rooms, open work areas, a break room, and storage. The layout can be converted back to a multi-tenant configuration, providing flexibility for an owner-user who wants the option of supplemental rental income or for an investor planning for future leasing. The building also offers 22 on-site parking spaces.
The property is located on Venture Park Drive, just off Stadium Drive, in Oshtemo Township near Kalamazoo. Public walkability is limited (walk score 15, car-dependent), and bike access is modest (bike score 31), which supports an office use that relies primarily on vehicle access and parking.
For tenants and buyers, the mix of private workspaces and meeting rooms supports a range of office-based operations, while the on-site parking capacity helps accommodate employees and visitors. For investment buyers, the current single-tenant setup combined with the ability to reconfigure offers a practical pathway to manage occupancy strategy, especially given the long-time tenant that may be willing to extend its lease.
The property is located on Venture Park Drive, just off Stadium Drive, in Oshtemo Township near Kalamazoo. Public walkability is limited (walk score 15, car-dependent), and bike access is modest (bike score 31), which supports an office use that relies primarily on vehicle access and parking.
For tenants and buyers, the mix of private workspaces and meeting rooms supports a range of office-based operations, while the on-site parking capacity helps accommodate employees and visitors. For investment buyers, the current single-tenant setup combined with the ability to reconfigure offers a practical pathway to manage occupancy strategy, especially given the long-time tenant that may be willing to extend its lease.
Key Highlights
- 6,800 SF office building on 1.236 acres in Oshtemo Township, built in 1998
- Single‑tenant configuration; previously occupied by two tenants and could be converted back to a multi‑tenant layout
- Office space includes private offices, meeting rooms, open work areas, break room, and storage
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 | $97.9k | $14.40 |
| − Vacancy | −$7.1k | −$1.04 |
| EGI | $90.9k | $13.36 |
| − OpEx | −$22.7k | −$3.34 |
| NOI | $68.2k | $10.02 |
6,800 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$973.6K
$851.9K – $1.14M
NOI $68,152 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,559 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chelsea Kishler
Physician
Megan Byers
Rehabilitation Center
Lisa Brown
Rehabilitation Center
Lynn Urban
Physician
Melanie Vanhouten
Rehabilitation Center
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FAQs
What type of property is this?
Office building - A 6,800 SF office building with private offices, meeting space, and parking for tenant-friendly operations.
Where is this office building located?
The property is located at 5990 Venture Park Dr Kalamazoo, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 6,800 SF office building on 1.236 acres in Oshtemo Township, built in 1998; Single‑tenant configuration; previously occupied by two tenants and could be converted back to a multi‑tenant layout; Office space includes private offices, meeting rooms, open work areas, break room, and storage
