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    Kalamazoo, MI
    Strip Mall

    Kalamazoo, MI Strip Malls for Sale

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    Strip Center with Seven Units
    Updated: Feb 1, 2025
    Strip Center with Seven Units

    1381 S Drake Road, Kalamazoo, MI 49006

    $949,000
    7,735 sqft 0.62 AC lot
    Strip center/mall with 7 units and 3 currently rented
    Two 2,000+ SF units vacant; approx. 1,900 SF each and ready for new tenants
    Long‑term tenant Hungry Howes plus barber and photographer occupants
    Built in 1985 with vinyl siding
    Forced‑air heating and central air cooling
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    This listing looks promising.

    Here's a quick look at some key insights for

    1381 S Drake Road, Kalamazoo, MI 49006

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $53K
      Annual

    • Mortgage

      $751K
      Oct 2018

    • Last Sold

      Oct 2018
      $799K
    View Property Analytics
    Multi-Unit Strip Retail Center
    Updated: Feb 1, 2025
    Multi-Unit Strip Retail Center

    1381 S Drake Road, Kalamazoo, MI 49006

    $949,000
    7,735 sqft
    Strip center/mall built in 1985 with 7 retail units total
    Currently 3 units rented, including Hungry Howes as a long‑term tenant
    Two larger 2‑unit spaces are listed as vacant, each at approximately 1,900 SF
    High‑visibility retail/service site on a rapid growing corridor with strong traffic and stop lights
    Near Costco, Walters Auto, and Western University campus; located north of Stadium Dr
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    Retail Space Near WMU Campus
    Retail Space Near WMU Campus

    1381 S Drake Rd, Kalamazoo, MI 49006

    $949,000
    3,936 sqft 0.62 AC lot

    Retail space for lease near WMU campus at busy intersection.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Kalamazoo, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Tenant Strip Center with Subway
    Multi-Tenant Strip Center with Subway

    1824 S Pennsylvania Ave, Lansing, MI 48910

    Contact for pricing
    2,850 sqft 0.39 AC lot

    Fully leased neighborhood strip center occupied by Subway and Everyday Tobacco in a hard-corner, high-traffic location.

    View details
    NNN Retail Strip Center
    NNN Retail Strip Center

    5430 - 5462 Coldwater Rd, Fort Wayne, IN 46825

    Contact for pricing
    19,245 sqft

    Four-tenant NNN retail center anchored by a liquor store, positioned on a high-volume, signalized corridor.

    View details
    Prime Retail and Showroom
    Prime Retail and Showroom

    4809 Illinois Rd, Fort Wayne, IN 46804

    Contact for pricing
    15,238 sqft 2.80 AC lot

    C-2 zoned retail showroom on a 2.8-acre site with 33,000+ daily traffic and 32 parking spaces.

    View details
    Two-Tenant Retail Strip Investment
    Two-Tenant Retail Strip Investment

    5400 S Pennsylvania Ave, Lansing, MI 48911

    Contact for pricing
    8,450 sqft 1.06 AC lot

    Fully occupied retail strip with long-term tenants in Lansing.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land For Sale
    Commercial Land For Sale

    70163 M 62, Edwardsburg, MI 49112

    $1,878,000
    18.70 AC lot

    Commercial land with frontage on M 62, Edwardsburg, MI.

    View details
    C-2 Commercial Land Parcel
    C-2 Commercial Land Parcel

    12611 James Street, Holland, MI 49424

    $595,000
    2.03 AC lot

    Two-acre commercial site with electricity available near established retail and restaurant operators.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    Brookley Road, Jackson, MI 49202

    $1,499,010
    5.12 AC lot

    5. 5 acres at I-94 and Cooper Street.

    View details
    C3 Commercial Development Land
    C3 Commercial Development Land

    3916 Goshen Road, Fort Wayne, IN 46818

    $1,399,900
    3.00 AC lot

    Level, cleared acreage with nearby major utilities supports a range of commercial development concepts.

    View details

    Kalamazoo, MI Strip Malls Market Trends and Statistics

    Explore 3 strip malls for sale in Kalamazoo, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 19,406 square feet of properties for sale, with an estimated market value of $2,847,000.

    Sale prices for retail strips in Kalamazoo, MI average $949,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 36
    Automotive properties 15
    Auto shops 8
    Showrooms 7
    Banks 6

    Demographics Overview

    Population 163K
    Population Growth (5Y) -1.2%
    Median Household Income $64,429
    College Educated 36.6%

    High-Yield Neighborhoods for Investment

    Identify Kalamazoo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49006 $949K

    Taxes & Financing

    Tax Rate (average for all types) 4.16%
    Property Tax per SF $78.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kalamazoo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kalamazoo County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Kalamazoo fall within the 5,000 to 10,000 square foot range.

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