Renovated Office
For Sale
$260,000
6301 Stadium Dr, Kalamazoo, MI 49009
Renovated layout includes private offices, restrooms, a kitchenette, reception area, and garage storage.
Property Size1,747 SF
Lot Size0.52 Acres
Price / SF$148.83
Days on Market148
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Property Features for 6301 Stadium Dr
General Information
Standard status
Active
Size
1,747 SF
Lot size
0.52 Acres
Property subtype
Office
Zoning
VC
Additional Details
Highway Access
Yes
Building Details
Year Built
1951
Buildings
1
Listing Agency:
Kalamazoo Commercial Real Estate
Listed By:
Andrew Gyorkos · License #6502406462
(269) 888-2755
Source:
Carwm.resimplifi
Added: May 21
Changed: Oct 8
Last Checked: Oct 14 at 7:32PM
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 Kalamazoo Commercial Real Estate
Investment Insights
Based on property information with market context.
Renovated in-office improvements occupy a 1,747-square-foot building constructed in 1951. The interior includes five private offices, two restrooms, a kitchenette, garage storage, and a reception office with a lobby-facing window. The configuration supports office or commercial use and is set on 0.519 acres.
The property fronts Stadium Drive near the 9th Street and Parkview Avenue intersection, with US-131 approximately one mile away. It may be acquired independently or incorporated into a larger redevelopment plan involving 6281 Stadium Drive.
The property fronts Stadium Drive near the 9th Street and Parkview Avenue intersection, with US-131 approximately one mile away. It may be acquired independently or incorporated into a larger redevelopment plan involving 6281 Stadium Drive.
Key Highlights
- 1,747‑square‑foot renovated office building on 0.519 acres
- Five private offices and two restrooms
- Reception office with a window overlooking the lobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,509
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,180
$350.2K
Cap Rate 7%
$250,129
$250.1K
Cap Rate 9%
$194,544
$194.5K
Market Conditions
NOI Build-Up for 1,747 SF
Gross rent
$25.2K $14.40/SF
− Vacancy
−$1.8K −$1.04/SF
EGI
$23.3K $13.36/SF
− OpEx
−$5.8K −$3.34/SF
NOI
$17.5K $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%
$350,180
Cap Rate 7%
$250,129
Cap Rate 9%
$194,544
Alternative Uses
Best Use
Office B
$250.1K
$218.9K – $291.8K
NOI $17,509 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$457.2K
$400.0K – $533.4K
NOI $32,001 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
410
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 - Renovated layout includes private offices, restrooms, a kitchenette, reception area, and garage storage.
Where is this office building located?
The property is located at 6301 Stadium Dr Kalamazoo, MI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,747‑square‑foot renovated office building on 0.519 acres; Five private offices and two restrooms; Reception office with a window overlooking the lobby
