Single-Tenant Office Building
5990 Venture Park Drive Kalamazoo, MI 49009
5990 Venture Park Drive, Kalamazoo, MI, 49009
$899,900
For Sale
$899,900
COMMERCIAL - Kalamazoo, MI
Property Size6,800 SF
Lot Size1.24 Acres
Price / SF$132.34
Days on Market46
Property Features for 5990 Venture Park Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 22
- 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
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
650 Trade Centre Way, Ste 130, Kalamazoo, MI
Listed by
Kara Schroer · License #6501373674
(269) 459-0435
Added: Jun 2 Checked: Jul 17 at 10:06 pm
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.
Investment Insights
Based on property information with market context.
This 6,800-square-foot office building is configured for single-tenant use and includes private offices, meeting rooms, open work areas, a break room, and storage. The building footprint sits on 1.24 acres and provides 22 on-site parking spaces, supporting everyday employee and visitor access. While currently set up for one tenant, it was previously occupied by two tenants and could be reworked into a multi-tenant configuration if a buyer wants to accommodate more than one user.
The property is located on Venture Park Drive just off Stadium Drive in Oshtemo Township. For buyers evaluating timing and control, the existing tenant’s lease runs through June 2027, creating a defined horizon for planning an owner-occupancy transition.
As an owner-user or small investor-operator, the space is designed to support a range of office functions with dedicated rooms for collaboration and administration, along with open work areas for teams. With the option to occupy all or part of the building and the on-site parking count already established, this property may fit organizations seeking an owned office base while maintaining flexibility for future space planning.
The property is located on Venture Park Drive just off Stadium Drive in Oshtemo Township. For buyers evaluating timing and control, the existing tenant’s lease runs through June 2027, creating a defined horizon for planning an owner-occupancy transition.
As an owner-user or small investor-operator, the space is designed to support a range of office functions with dedicated rooms for collaboration and administration, along with open work areas for teams. With the option to occupy all or part of the building and the on-site parking count already established, this property may fit organizations seeking an owned office base while maintaining flexibility for future space planning.
Key Highlights
- 6,800 SF brick office building built in 1998 on 1.236 acres in Oshtemo Township
- Currently configured as single‑tenant; previously two tenants and could be converted back to a multi‑tenant layout
- Tenant lease runs through June 2027, providing a defined timeline for a future owner‑user
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 - Multi-office layout with meeting rooms and ample parking, offering owner-user flexibility in a limited ownership market.
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 SF brick office building built in 1998 on 1.236 acres in Oshtemo Township; Currently configured as single‑tenant; previously two tenants and could be converted back to a multi‑tenant layout; Tenant lease runs through June 2027, providing a defined timeline for a future owner‑user
