125 South Kalamazoo Mall | 125 S Kalamazoo Mall
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125 South Kalamazoo Mall 125 S Kalamazoo Mall
124,170 SF 72% Leased 4-Star Retail Building Kalamazoo, MI 49007 £2,755,620 (£22/SF) 7.59% Net Initial Yield
Investment Highlights
- Historically important downtown asset.
- Strong tenant mix.
- Upside with office leasing.
- Prime geographic positioning.
- Value Add opportunity.
- Prime residential conversion opportunity.
Executive Summary
This unique opportunity is one of a kind for Kalamazoo's Urban Core. Unmatched by location, positioned off the Kalamazoo Mall, the primary retail artery in Downtown, just to the south of Michigan Ave. This value add proposition provides any investor an immediate market return with tremendous upside with additional office lease up. Asset's also primed for a residential conversion play as the City/State have multiple resources for such. This 4 Story high rise is a part of a 6 Story building, of which the top 2 floors are residential condos not a party to this offering.
Property Facts
Sale Type
Investment
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
124,170 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1900/2001
Price
£2,755,620
Price Per SF
£22
Net Initial Yield
7.59%
NOI
£209,152
Percent Leased
72%
Tenancy
Multiple
Number of Floors
4
Building FAR
3.75
Land Acres
0.76 AC
Opportunity Zone
Yes
Zoning
CCBD - Commercial Zoned Property
Frontage
145 ft on Farmers Alley
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (77)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
12,919
80,442
146,111
197,903
2029 Population
13,168
80,619
146,138
197,565
2024-2029 Projected Population Growth
1.9%
0.2%
0.0%
-0.2%
Median Age
30.6
29.9
31.9
33.9
College Degree + Higher
25%
31%
35%
24%
Daytime Employees
32,886
73,861
113,363
142,719
Total Businesses
2,729
6,594
10,279
13,734
Average Household Income
$48,558
$60,681
$66,488
$75,091
Median Household Income
$33,789
$44,503
$49,303
$56,717
Total Consumer Spending
$119.6M
$778.9M
$1.6B
$2.3B
2024 Households
5,820
32,119
61,814
82,431
Average Home Value
$148,901
$169,733
$194,528
$227,102
$ values in USD
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £2,205,756 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,205,756
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Power Broker Matthew Callander -
Callander Commercial
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125 South Kalamazoo Mall | 125 S Kalamazoo Mall
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