Retail Shop with Drive-Through
For Sale
$169,000
903 Gordon Place, Kalamazoo, MI 49048
Commercial Sale, Kalamazoo, MI
Property Size2,170 SF
Lot Size0.33 Acres
Price / SF$77.88
Days on Market67
Property Features for 903 Gordon Place
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Directions
From I-94, take Exit 74 (US-131 North) toward downtown Kalamazoo. Take the Stadium Drive exit and head east. Turn north (left) onto Howard Street. Turn west (left) onto Gordon Place. Continue a short distance, will be on your left.
Standard status
Active
APN
06-15-234-012
Size
2,170 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
45870 ASSESSORS PLAT THOMAS ADDITION LOTS 10, 11 & 12.
Tax Annual Amount
2575
Legal Description
45870 ASSESSORS PLAT THOMAS ADDITION LOTS 10, 11 & 12.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Water front
1
Amenities
river frontage
drive-through access
Building Details
Year built
1961
Number of units
1
Building materials
Block
Roof type
Rubber
Listing Agency:
Lakes & Country Real Estate Inc
(269) 657-7653
Listed By:
Janis Havice · License #6501365993
(269) 870-0284
Added: Aug 11
Changed: Oct 15
Last Checked: Oct 16 at 1:06AM
MLS# 26041827
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 2,170-square-foot retail shop was built in 1961 and has a block exterior, forced-air heating, a rubber roof, and one bathroom. Four tall overhead doors are arranged with two facing the road and two at the rear, creating access through the building. The property also has frontage along the Kalamazoo River.
An additional lot to the east is included. The shop must be purchased at the same time as the house at 915 Gordon Place.
An additional lot to the east is included. The shop must be purchased at the same time as the house at 915 Gordon Place.
Key Highlights
- 2,170‑square‑foot retail shop on 0.33 acres
- Four tall overhead doors: two roadside and two at the rear
- Kalamazoo River frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,965
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,300
$299.3K
Cap Rate 7%
$213,786
$213.8K
Cap Rate 9%
$166,278
$166.3K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$26.0K $12.00/SF
− Vacancy
−$4.7K −$2.15/SF
EGI
$21.4K $9.85/SF
− OpEx
−$6.4K −$2.96/SF
NOI
$15.0K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,300
Cap Rate 7%
$213,786
Cap Rate 9%
$166,278
Alternative Uses
Best Use
Retail
$213.8K
$187.1K – $249.4K
NOI $14,965 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 23.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 40%
Lee's Famous Recipe Chicken
Dining
5,202 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
3,619 visits/mo
0.1 miles
AutoZone
Shops & Services
2,468 visits/mo
0.4 miles
Monro Auto Service and Tire Centers
Shops & Services
1,131 visits/mo
0.1 miles
Muffler Man
Shops & Services
598 visits/mo
0.2 miles
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Four overhead doors support vehicle access from both the roadside and rear of the shop.
Where is this retail space located?
The property is located at 903 Gordon Place Kalamazoo, MI.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 2,170‑square‑foot retail shop on 0.33 acres; Four tall overhead doors: two roadside and two at the rear; Kalamazoo River frontage
