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    308 Drake Rd Kalamazoo, MI 49006

    Sponsored
    For Lease
    $18 SF/Yr ($10,650 /Mo)

    High-traffic retail space available

    Lot size:
    7,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Located at a prime Kalamazoo County intersection, Drake South offers 7,100 square feet of vacant retail and restaurant space, currently available as one contiguous unit ranging from 2,400 to 4,700 square feet. This exceptional opportunity is situated near the busiest intersection in Southwest Michigan, ensuring high visibility and accessibility for your business. The property boasts ample parking, making it convenient for customers and employees. The flexible space is ideal for a variety of retail or restaurant concepts, offering a chance to establish a strong presence in a thriving commercial area. With its strategic location and substantial square footage, Drake South presents a compelling investment prospect for businesses seeking a high-traffic location with excellent visibility. The entire 7,100 square foot building is currently vacant, providing a unique opportunity for a single tenant to occupy the entire space or for a potential buyer to subdivide the space to suit their needs. The minimum divisible space is 2,400 square feet, while the maximum contiguous space available is 4,700 square feet. This property is situated in Kalamazoo County, offering access to a robust local market. The property's prime location and ample parking make it an attractive option for businesses seeking a high-traffic location with excellent visibility and accessibility.

    Property Features for 308 Drake Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,100 SF
    Total Rate
    10650

    Unit(s) available at that property

    Space
    Suite 316
    Size
    2,400 SF
    Rate per SF
    $18

    HighLights

    • Retail and restaurant space totaling 7,100 square feet available in Kalamazoo County.
    • Multiple tenancies available, with a minimum divisible space of 2,400 square feet.
    • Maximum contiguous space of 4,700 square feet is available.
    • Entire 7,100 square foot building is currently vacant.
    • Located at a high‑traffic intersection in Southwest Michigan, offering excellent visibility and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.6472604
    Latitude
    42.2946168

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space available
    Where is this restaurant located?
    The property is located at 308 Drake Rd Kalamazoo, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail and restaurant space totaling 7,100 square feet available in Kalamazoo County.; Multiple tenancies available, with a minimum divisible space of 2,400 square feet.; Maximum contiguous space of 4,700 square feet is available.
    Request Owner's contact information
    308 Drake Rd Kalamazoo, MI 49006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 Drake Rd Kalamazoo, MI 49006
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