Property summary
This exceptional 7,735 square foot strip mall, situated on a 0.62-acre lot at 1381 S Drake Road in Kalamazoo, Michigan, presents a compelling investment opportunity. Currently, three units are occupied by established businesses, including a long-term tenant, Hungry Howes, a barber shop, and a photography studio. Four contiguous units are available, offering significant potential for expansion or diversification of the tenant mix. The property boasts high visibility due to its location in a rapidly growing corridor with strong traffic counts and strategically placed stoplights. Its proximity to major retailers like Costco, Walters Auto, and Western University's campus ensures consistent foot traffic and a diverse customer base. The location north of Stadium Drive provides excellent accessibility and exposure. This well-maintained property offers a blend of established tenancy and significant upside potential for a savvy investor seeking a prime retail location in a thriving Kalamazoo market. The asking price is $989,000. This represents a rare chance to acquire a well-positioned commercial property with immediate income generation and substantial future growth prospects. The existing tenants provide a stable income stream, while the vacant units offer the flexibility to tailor the property to your specific investment strategy.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing & Fashion Store
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Take-out & Catering
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Courier Service Postal Service
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Mobile Phone Store Electronics & Wireless Store
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Training Center Tutoring Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commercial zoning district names begin with the letter "C," which is a short-hand referenc…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Kalamazoo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
CC · Kalamazoo, MICC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commercial zoning district names begin with the letter "C," which is a short-hand referenc…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commercial zoning district names begin with the letter "C," which is a short-hand referenc…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Kalamazoo, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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