Redevelopment Land with Existing
W 6883 W Main Street Unit SourceFi Kalamazoo, MI 49009
For Sale
$1,125,000
Redevelopment site with 374 feet of frontage and an existing building that can be repurposed with renovations.
Property Size13,693 SF
Price / SF$82.16
Days on Market270
Property Features for W 6883 W Main Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 13,693 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing Agency:
(269) 349-1000
Listed By:
Callander Commercial
Source:
Xome
Added: Oct 30, 2025
Changed: Jul 23
Last Checked: Jul 26 at 3:54AM
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 Callander Commercial
Investment Insights
Based on property information with market context.
Redevelopment opportunity on West Main near the 9th Street intersection in Oshtemo Township. The site offers 374 feet of frontage and traffic counts over 27,000 vehicles per day. An existing 13,693 sf building is on-site and can be repurposed with renovations, supporting plans for single or multi-tenant use.
The property is positioned near major retailers and employment, including WalMart, Menard's, Meijer, Advia Corporate Headquarters, and a new Maple Hill Subaru dealership. With easy access to all of Kalamazoo County from both US-131 and I-94, the location supports flexible redevelopment and reuse.
The offering combines commercially zoned land with an existing structure, giving an adaptable platform for redevelopment concepts that require visibility and frontage.
The property is positioned near major retailers and employment, including WalMart, Menard's, Meijer, Advia Corporate Headquarters, and a new Maple Hill Subaru dealership. With easy access to all of Kalamazoo County from both US-131 and I-94, the location supports flexible redevelopment and reuse.
The offering combines commercially zoned land with an existing structure, giving an adaptable platform for redevelopment concepts that require visibility and frontage.
Key Highlights
- Redevelopment site on West Main near the 9th Street intersection in Oshtemo Township with existing 13,693 SF building for repurposing
- 374 ft of frontage on West Main with traffic counts over 27,000 daily
- Existing building built in 1989 with composition roof
Financial Insights For Flex RnD
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 | $151.2k | $11.04 |
| − Vacancy | −$9.1k | −$0.66 |
| EGI | $142.1k | $10.38 |
| − OpEx | −$49.7k | −$3.63 |
| NOI | $92.4k | $6.75 |
13,693 SF · lease $11.04/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$2.95M
$2.58M – $3.44M
NOI $206,560 @ 7.0% cap · market cap 18.36%
Second Best
Flex RnD
$1.32M
$1.15M – $1.54M
NOI $92,365 @ 7.0% cap · market cap 8.21%
Theoretical Best
Warehouse
$3.58M
$3.14M – $4.18M
NOI $250,822 @ 7.0% cap · market cap 22.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Redevelopment site with 374 feet of frontage and an existing building that can be repurposed with renovations.
Where is this flex space located?
The property is located at W 6883 W Main Street Unit SourceFi Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Redevelopment site on West Main near the 9th Street intersection in Oshtemo Township with existing 13,693 SF building for repurposing; 374 ft of frontage on West Main with traffic counts over 27,000 daily; Existing building built in 1989 with composition roof
