Log In/Sign Up
Your email has been sent.
1634 Gull Rd 8,000 SF Medical Condo Unit Offered at $1,471,000 in Kalamazoo, MI 49048
Investment Highlights
- Early 5-Year Lease Extension (2025–2030) – Demonstrates tenant’s long-term commitment to the site
- Corporate Guarantee – National urgent care platform with 150+ locations and The Aspen Group backing
- Directly Across from Beacon Kalamazoo Hospital – A 422 bed regional medical hub anchoring Kalamazoo’s healthcare district
- 2% Annual Rent Increases – Provides consistent income growth and inflation protection
- High Visibility Location – Over 25,800 VPD on Gull Road, a primary east-west commercial corridor
- Passive Income Profile – Net lease with minimal landlord responsibilities
1 Unit Available
Unit WellNow
| Unit Size | 8,000 SF | Sale Type | Investment |
| Price | $1,471,000 | Cap Rate | 8.67% |
| Price Per SF | $183.88 | NOI | $127,541 |
| Condo Use | Medical |
| Unit Size | 8,000 SF |
| Price | $1,471,000 |
| Price Per SF | $183.88 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| NOI | $127,541 |
Description
Investment condo sale with long-term tenant generating 8.50% cap rate increasing to 8.67% cap rate effective May 01, 2026.
Sale Notes
WellNow Urgent Care
+/- 8,000 SF fee simple condo.
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1634 Gull Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.