Mixed-Use Property with
8789 Gull Road, Richland, MI 49083
For Sale
$269,900
Commercial Sale, Richland, MI
Property Size1,692 SF
Lot Size0.45 Acres
Price / SF$159.52
Days on Market11
Property Features for 8789 Gull Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Hoffman REALTORS · RE/MAX International
(269) 382-2280
Listed By:
Rick Hoffman · License #6502110187
(269) 382-8044
Added: Oct 27
Changed: Nov 2
Last Checked: Nov 6 at 9:06PM
MLS# 26057929
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.
This mixed-use property offers 1,692 square feet of space in a concrete building constructed in 1904. The layout includes three bathrooms and a basement. Forced-air heating and a composition roof are among the building’s physical features.
The 0.45-acre property is located at 8789 Gull Road in Richland, Michigan. Broadband is available, and cable service is also listed as available. The property has been identified for residential, office, or a combination of residential and office use.
The 0.45-acre property is located at 8789 Gull Road in Richland, Michigan. Broadband is available, and cable service is also listed as available. The property has been identified for residential, office, or a combination of residential and office use.
Key Highlights
- 1,692 square feet in a concrete building
- Built in 1904
- Three bathrooms and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,512
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,240
$350.2K
Cap Rate 7%
$250,171
$250.2K
Cap Rate 9%
$194,578
$194.6K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$30.5K $18.00/SF
− Vacancy
−$2.4K −$1.44/SF
EGI
$28.0K $16.56/SF
− OpEx
−$10.5K −$6.21/SF
NOI
$17.5K $10.35/SF
Area
Kalamazoo County, MI
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,240
Cap Rate 7%
$250,171
Cap Rate 9%
$194,578
Alternative Uses
Best Use
Mixed Use
$250.2K
$218.9K – $291.9K
NOI $17,512 @ 7.0% cap · market cap 6.49%
Second Best
Office B
$242.3K
$212.0K – $282.6K
NOI $16,958 @ 7.0% cap · market cap 6.28%
Theoretical Best
Warehouse
$442.8K
$387.4K – $516.6K
NOI $30,993 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
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Business Placement
Demographics for 49083, MI
8,022
Population
3,255
Households
2.5
Avg Household Size
43
Median Age
49%
College-Educated
98%
High-School Grad
33.4 sq mi
ZIP Area
240
Density / Sq Mi
$111,604
Median Household Income
$60,337
Median Earnings
$973
Median Rent
$329,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Kalamazoo County, MI
Properties on Market for Mixed-use properties in Kalamazoo County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 0.45-acre site holds a concrete building with broadband and cable availability.
Where is this mixed-use property located?
The property is located at 8789 Gull Road Richland, MI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 1,692 square feet in a concrete building; Built in 1904; Three bathrooms and a basement
