1353 Kalamazoo Ave SE Grand Rapids, MI 49507
Two-story mixed-use building in revitalizing Boston Square neighborhood.
Property Features for 1353 Kalamazoo Ave SE
General Information
- Standard status
- Active
- Size
- 4,095 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1910
Listing office Signature Associates (616) 235-0900
Listing date Sep 29, 2023
Source Crexi
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 Signature Associates
Investment Insights
Based on property information with market context.
Key Highlights
- Zoned TN‑TBA, suitable for diverse commercial and residential uses, including live/work spaces, cafes, retail, and investment opportunities.
- Located in Boston Square, benefiting from the Grand Rapids Amplify 2.0 neighborhood revitalization project.
- Two 2‑bedroom, 1‑bath units on the second floor (one vacant, one occupied).
Local Financial Insights For Mixed Use
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 | $78.6k | $19.20 |
| − Vacancy | −$6.3k | −$1.54 |
| EGI | $72.3k | $17.66 |
| − OpEx | −$27.1k | −$6.62 |
| NOI | $45.2k | $11.04 |
