Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    416 Burdick St Kalamazoo, MI 49007-5218

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    416 Burdick St Kalamazoo, MI 49007-5218

    View on Map
    • Commercial real estate
    • 5,006 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Oct 15, 2025
    Property ID
    US43-2007946
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Charter Communications / Telecommunications Service
    • Harvey's on the Mall / Bar & Pub

    Property Details for 416 Burdick St

    Lot size
    0.15 lot acres
    Property size
    5,006 SF
    Zone code
    CCBD
    Property type
    Commercial real estate
    APN
    06-22-126-002
    APU
    622126002

    Description

    This exceptional 5,000-square-foot restaurant space, located at 416 S Burdick St, Kalamazoo, MI 49007, presents a rare opportunity. Situated on the vibrant South Kalamazoo Mall, adjacent to the Kalamazoo State Theatre, this two-story building boasts a prime location in the heart of Downtown Kalamazoo's bustling submarket. Built in 1885 and renovated in 2011, the property sits on a 0.15-acre lot (6,534 sq ft) and is zoned D2 - Downtown 2. Utilities are serviced by Consumers Energy. The building features one structure with no elevators. This single-tenancy property, currently occupied, offers a unique chance to establish or relocate a thriving restaurant business. The address is easily accessible via W Lovell St. Parcel number is 06-22-126-002. This is a highly sought-after location with significant foot traffic and visibility, making it ideal for a variety of culinary concepts. The property's rich history and modern updates combine to create a truly unique and attractive space for a discerning restaurateur. Serious inquiries only. Please do not contact the current tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.5835
    Latitude
    42.2882
    CBSA code
    28020
    CBSA name
    KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $10,041
    $0.00
    $0.00
    $228,800
    -
    $0.00
    $0.00
    $457,600

    Comparable in this City

    • Value Estimation by Request

      400 Rose St, Unit NEZ

      COMMERCIAL (GENERAL)
      400 Rose St, Kalamazoo, MI 49007-5210
      View Details
    • Value Estimation by Request
      0.40 Acres

      215 Kalamazoo Mall

      COMMERCIAL (GENERAL) • 0.40 Acres
      215 Kalamazoo Mall, Kalamazoo, MI 49007-4884
      View Details
    • Value Estimation by Request
      0.65 Acres

      155 Michigan Ave, Unit 1

      COMMERCIAL (GENERAL) • 0.65 Acres
      155 Michigan Ave, Kalamazoo, MI 49007-3913
      View Details
    • Value Estimation by Request
      1.00 Acre

      700 Walbridge St

      COMMERCIAL (GENERAL) • 1.00 Acre
      700 Walbridge St, Kalamazoo, MI 49007-3508
      View Details
    • Value Estimation
      $5,495,000
      90,489 SF

      136 Michigan Ave

      COMMERCIAL (GENERAL) • 90,489 SF
      136 Michigan Ave, Kalamazoo, MI 49007-3947
      View Details
    • Value Estimation by Request
      3,505 SF

      904 Kalamazoo Ave

      COMMERCIAL (GENERAL) • 3,505 SF
      904 Kalamazoo Ave, Kalamazoo, MI 49007-2367
      View Details

    Similar Nearby for Sale

    • $55,000

      Kalamazoo Live Work Zoned Land

      Live/Work zoned land with downtown views and high traffic.
      209 E North St, Kalamazoo, MI 49007
      View Details
    • Contact for pricing
      13,872 SF

      Downtown Kalamazoo Multi-Level Property

      Prime downtown location with multi-level layout and dedicated parking.
      223 S Kalamazoo Mall, Kalamazoo, MI 49007
      View Details
    • Contact for pricing
      2,674 SF

      Retail Building in Downtown Kalamazoo

      Freestanding retail building with Adult-Use license in prime location.
      525 E Kalamazoo Ave, Kalamazoo, MI 49007
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Downtown Kalamazoo Office/Retail Space

      Historic Columbia Plaza offers office and retail space in Kalamazoo.
      350 E Michigan Ave, Kalamazoo, MI 49007
      View Details
    • $14 SF/Yr

      Downtown Kalamazoo Office/Retail Space

      Historic Columbia Plaza offers office and retail space for lease.
      350 E Michigan Ave, Kalamazoo, MI 49007
      View Details
    • $7 SF/Yr
      14,000 SF

      Historic Kalamazoo Building For Lease

      Historic brick building near Kalamazoo's central business district available for lease.
      622 W Kalamnazoo Ave, Kalamazoo, MI 49007
      View Details
    • $23 SF/Yr
      290 SF

      Downtown Kalamazoo Office Space Available

      Highly visible office space in downtown Kalamazoo, near new arena.
      137 N Park St, Kalamazoo, MI 49007
      View Details
    • $12 SF/Yr
      1,270 SF

      Downtown Kalamazoo Office Space Available

      Office space for rent in Kalamazoo's Entertainment District.
      350 E Michigan Ave, Kalamazoo, MI 49007
      View Details
    • $14 SF/Yr
      172,000 SF

      Kalamazoo City Centre Office Suites

      Office suites with premium amenities in Kalamazoo City Centre.
      125 S Kalamazoo Mall, Kalamazoo, MI 49007
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    416 Burdick St
    Kalamazoo, MI 49007-5218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!