Technical
Financial
Distress signals
Property profile

166 S Kalamazoo Mall Kalamazoo, MI 49007

FOR LEASE
Commercial real estate
Property ID
US43-2466747
21,884 SF 0.24 ac lot
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,789-square-foot office space, located on the lower level of 154 S. Kalamazoo Mall in the heart of downtown Kalamazoo, is now available for lease. The space boasts an attractive and modern design, perfect for a variety of professional office users. The layout features a predominantly open floor plan, ideal for collaborative work environments, complemented by three private offices offering quiet workspaces. Five built-in cubicle stations provide additional individual work areas. Dedicated meeting and collaboration spaces facilitate teamwork and client interactions. A fully equipped break room adds convenience and comfort for employees. The property features newer finishes throughout, reflecting a commitment to modern aesthetics and functionality. The competitive lease price makes this an attractive opportunity for businesses seeking efficient and cost-effective office solutions. The space is particularly well-suited for organizations such as non-profits, technology/data services companies, or engineering firms. Existing furniture may be available for tenant use, subject to negotiation. Enjoy the convenience of immediate occupancy and the vibrant energy of downtown Kalamazoo, with its diverse dining and retail options just steps away. The property is zoned CCBD and has an APN of 39000615386223. This single-tenant space presents a unique opportunity to establish a thriving business presence in a prime downtown location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 21,884 SF
Lot 0.24 ac (10,454 SF)
Zoning code CCBD
APN 06-15-386-223
UPID US43-2466747

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop
  • Apartment Building

Location

166 S Kalamazoo Mall Kalamazoo, MI 49007
Kalamazoo metro Census 201 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$2.00M

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2008
$330,000

Zoning & alternative use

CCBD · Kalamazoo, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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