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2318 Gull Rd
Kalamazoo, MI 49048
Office Property For Sale
Executive Summary
Fully leased investment property across from Beacon Hospital (formerly Borgess) sitting on over 5.6 acres of C-1 zoned property. Two buildings are on the property. The first is a single story, 5.388 SF medical office building with dock access and three-phase power. The second is a 1,536 SF two-story house converted to office with natural woodwork and a full kitchen. The buildings share an ample parking lot, and there is plenty of land for expansion.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,897 SF
Building Class
B
Year Built
1997
Price
$1,399,000
Price Per SF
$202.84
Cap Rate
9.94%
NOI
$139,099
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,897 SF
Slab To Slab
8’
Building FAR
0.03
Lot Size
5.40 AC
Zoning
C-Local Bus District
Parking
25 Spaces (3.62 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 06-11-450-059 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $562,700 |
Property Taxes
Parcel Number
06-11-450-059
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$562,700
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