Kalamazoo, Michigan, offers a diverse range of retail properties for sale, making it an attractive investment opportunity for businesses and entrepreneurs. With a population of approximately 70,000, Kalamazoo provides a stable customer base for retailers. Retail properties in Kalamazoo can represent a variety of investments, from single-tenant buildings to multi-unit shopping centers. The city's strong educational institutions, such as Western Michigan University and Kalamazoo College, contribute to a steady stream of customers and a skilled workforce. Additionally, Kalamazoo's location near highways I-94 and US 131 provides easy access to major markets and transportation hubs. The city's amenities, including the Kalamazoo Public Library, Kalamazoo Institute of Arts, and Wings Event Center, make it an attractive place to live and work. With its rich history and cultural attractions, Kalamazoo is a great place for business and travel, featuring notable companies like Gibson Guitar Corporation and Heritage Guitars.
Kalamazoo's retail properties are situated in a city with a strong economic foundation, featuring a mix of industries like manufacturing, education, and healthcare. Nearby shopping centers, such as the Crossroads Mall, offer a range of retail options, while restaurants like the Kalamazoo Beer Exchange and the Old Burdick's Bar and Grill provide a variety of dining experiences. Office properties, including the Kalamazoo County Building and the Western Michigan University campus, are home to a range of businesses and organizations. Hotels, such as the Radisson Plaza Hotel and the Kalamazoo Marriott, cater to visitors and travelers. With 13 retail properties for sale, Kalamazoo offers a range of investment opportunities, from small, single-tenant buildings to larger, multi-unit shopping centers. The average price per square foot for retail properties in Kalamazoo is $149 USD, with an average size of 23,298 square feet. The largest retail property available is 124,170 square feet, offering a range of possibilities for investors and businesses.
What is the average cap rate for retail properties in Kalamazoo?
When it comes to retail properties in Kalamazoo, investors can expect an average cap rate of 7.25%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how this rate is calculated and what it means for your investment, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Kalamazoo, Michigan, the location and foot traffic of a retail property play a significant role in determining its value. For instance, properties situated near Western Michigan University, downtown Kalamazoo, or along major highways like I-94 and US 131 tend to have higher values due to their proximity to a large student population, local businesses, and tourist attractions, which generate consistent foot traffic and potential customers.
