154 Kalamazoo MallKalamazoo, MI 49007

Property Details for 154 Kalamazoo Mall

Lot size

0.24 AC

Property size (Sq ft)

21,884 SF

Zone code

CCBD

Property type

Commercial real estate

APN

06-15-386-223

APU

615386223

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,183,230

  6.5%

  $2,938,360

  7%

  $2,728,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,850,390

  Geo Method

  $2,850,390

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,505,380

  Retail / Commercial

  $3,194,900

  Mixed-Use / Specialty

  $3,072,370

  Hospitality / Lodging

  $2,109,410

  Office

  $2,938,360

  Institutional / Educational

  $3,154,310

  Residential Income

  $3,690,540

  Multifamily

  $5,042,350

  Automotive / Energy

  $2,703,690

  Parking / Income-Based Land

  $1,042,810

  Restaurant / Food Service

  $1,360,780

  Healthcare / Senior Housing

  $3,264,630

Location Insight

City

Kalamazoo

County

Kalamazoo

State

Michigan

Latitude

42.2908

Longitude

-85.5836

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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