Renovated Retail Personal Service
W 6555 W N Avenue Unit SourceFi Kalamazoo, MI 49009
W 6555 W N Avenue Unit SourceFi, Kalamazoo, MI, 49009
$220,000
For Sale
$220,000
C4-zoned building undergoing major renovation with new interior finishes and an added oversized deck, suited for retail or personal service.
Property Size960 SF
Price / SF$229.17
Days on Market43
Property Features for W 6555 W N Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 960 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1956
Listing Agency
(269) 598-6481
Listed by
Five Star Real Estate
(269) 598-6481
Source
Xome
Added: Jun 7 Checked: Jul 18 at 3:48 am
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Investment Insights
Based on property information with market context.
This renovated building is located in a commercial C4-zoned area and has undergone major house renovation updates. Interior improvements include new flooring throughout, a newly added kitchen, and a new bath. An oversized deck was added as part of the renovation. Exterior trim work remains to be completed, and some renovation equipment must be removed before final completion.
The property is very close to the 9th St commercial area and I-94, providing convenient access to the surrounding retail and service activity.
The C4 zoning permits a wide range of business uses, including options such as medical office, bank, photographic studio, Realtor office, greenhouse and landscaping supplies, boat sales, child care center, and minor vehicle service and repair, among others. Lease is also available, per the remarks.
The property is very close to the 9th St commercial area and I-94, providing convenient access to the surrounding retail and service activity.
The C4 zoning permits a wide range of business uses, including options such as medical office, bank, photographic studio, Realtor office, greenhouse and landscaping supplies, boat sales, child care center, and minor vehicle service and repair, among others. Lease is also available, per the remarks.
Key Highlights
- 1956 building in a commercial C4‑zoned area
- Major renovation underway/partially completed with new flooring throughout, new kitchen, and new bath
- Oversized deck added
Local Financial Insights For Retail
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 | $11.5k | $12.00 |
| − Vacancy | −$2.1k | −$2.15 |
| EGI | $9.5k | $9.85 |
| − OpEx | −$2.8k | −$2.96 |
| NOI | $6.6k | $6.90 |
960 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$94.6K
$82.8K – $110.4K
NOI $6,621 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$251.2K
$219.8K – $293.1K
NOI $17,585 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - C4-zoned building undergoing major renovation with new interior finishes and an added oversized deck, suited for retail or personal service.
Where is this retail space located?
The property is located at W 6555 W N Avenue Unit SourceFi Kalamazoo, MI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1956 building in a commercial C4‑zoned area; Major renovation underway/partially completed with new flooring throughout, new kitchen, and new bath; Oversized deck added
