Owner-User Office
For Sale
$899,900
5990 Venture Park Drive, Kalamazoo, MI 49009
Commercial Sale, Kalamazoo, MI
Property Size6,800 SF
Lot Size1.24 Acres
Price / SF$132.34
Days on Market137
Property Features for 5990 Venture Park Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C COMM
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
22
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Standard status
Active
APN
05-25-153-150
Size
6,800 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
On file.
Tax Annual Amount
24493
Legal Description
On file.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 16 at 7:06PM
MLS# 26026463
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.
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Investment Insights
Based on property information with market context.
The 6,800-square-foot office building at 5990 Venture Park Drive is constructed with brick and dates to 1998. Its current single-tenant arrangement includes private offices, meeting rooms, open work areas, a break room, storage, and two bathrooms. Forced-air heating and central air conditioning serve the building, with cable available.
The property is positioned just off Stadium Drive in Oshtemo Township, within Kalamazoo County. Twenty-two on-site parking spaces support the existing office layout, equating to approximately 3.23 spaces per 1,000 square feet. The current lease extends through June 2027, providing an established occupancy timeline for future planning. The building previously accommodated two tenants, and the existing layout may be converted back to a multi-tenant configuration as supported by the source information.
The property is positioned just off Stadium Drive in Oshtemo Township, within Kalamazoo County. Twenty-two on-site parking spaces support the existing office layout, equating to approximately 3.23 spaces per 1,000 square feet. The current lease extends through June 2027, providing an established occupancy timeline for future planning. The building previously accommodated two tenants, and the existing layout may be converted back to a multi-tenant configuration as supported by the source information.
Key Highlights
- 6,800‑square‑foot office building constructed in 1998
- Current single‑tenant configuration with private offices, meeting rooms, open work areas, break room, and storage
- Previously occupied by two tenants, supporting a potential return to multi‑tenant configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,152
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,040
$1.4M
Cap Rate 7%
$973,600
$973.6K
Cap Rate 9%
$757,244
$757.2K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$97.9K $14.40/SF
− Vacancy
−$7.1K −$1.04/SF
EGI
$90.9K $13.36/SF
− OpEx
−$22.7K −$3.34/SF
NOI
$68.2K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,040
Cap Rate 7%
$973,600
Cap Rate 9%
$757,244
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 authorities.
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
Business Placement
Demographics for 49009, MI
47,188
Population
20,609
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
462
Density / Sq Mi
$82,364
Median Household Income
$44,702
Median Earnings
$1,089
Median Rent
$330,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Brick office property with flexible work areas, private offices, meeting rooms, and an existing tenant lease through June 2027.
Where is this office building located?
The property is located at 5990 Venture Park Drive 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‑square‑foot office building constructed in 1998; Current single‑tenant configuration with private offices, meeting rooms, open work areas, break room, and storage; Previously occupied by two tenants, supporting a potential return to multi‑tenant configuration
