Kalamazoo, MI
Commercial Real Estate Market Trends & Data

$158 Avg asking sale price
$4,190 Avg asking lease rate
31,670 SF Avg unit lease size
22,525 SF Avg building size for sale
7.62% Average cap rate

Kalamazoo's Demographic Profile

Kalamazoo has 30,476 households and a median income of $43,727, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 75,095
# Households 30,476
Median age 30
Median household income $43,727
Avg household size 2.0
Renter-occupied housing units 17,708
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Kalamazoo, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Kalamazoo $114 14,628 SF 8.78%
Oshtemo $181 26,449 SF 7.70%
Portage $125 11,023 SF 8.72%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Kalamazoo $97 18,020 SF 7.70%
Oshtemo $173 23,059 SF 7.70%
Portage $121 14,161 SF 7.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Kalamazoo $243 17,752 SF
Oshtemo $273 8,266 SF
Comstock $116 4,774 SF
Portage $133 42,352 SF
Galesburg $66 3,800 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Kalamazoo $109 19,619 SF 7.93%
Portage $104 18,400 SF 9.60%
Galesburg $144 21,500 SF 7.25%
Vicksburg $162 5,000 SF 9.60%

Commercial Properties For Sale in Kalamazoo

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1516 Trimble Ave

Kalamazoo, MI 49048

  • 2,213 SF Office Building
  • $350,000
For Sale

Maple Hill Mall

Kalamazoo, MI 49009

  • 2,838 SF Retail Building
  • $1,500,000
For Sale

S Kalamazoo Mall Portfolio

Kalamazoo, MI

  • Office Building
  • 8.78% Cap Rate
  • $2,800,000
For Sale

13 Unit Kalamazoo Portfolio

Kalamazoo, MI

  • $850,000
For Sale

842 Portage St

Kalamazoo, MI 49001

  • 4,800 SF Industrial Building
  • $499,000
For Sale

2025 Whites Rd

Kalamazoo, MI 49008

  • 2,120 SF Retail Building
  • $795,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Kalamazoo pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Kalamazoo $158 22,525 SF
Oshtemo $175 37,197 SF
Comstock $158 10,765 SF
Portage $154 21,012 SF
Richland $127 7,476 SF

Multifamily Properties For Sale in Kalamazoo

For Sale

316-324 Stuart Ave Multifamily Portfolio

Kalamazoo, MI

  • $1,000,000

Regional Demographic Comparison

This comparison places Kalamazoo alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Kalamazoo or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Kalamazoo 75,095 30,476 30 $43,727 2 17,708 1%
Comstock 14,609 6,218 39 $70,336 2 1,906 -1%
Portage 47,872 20,208 39 $70,533 2 6,474 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Kalamazoo, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Kalamazoo

View All Commercial Real Estate For Sale in Kalamazoo
Is Kalamazoo a good market for a first-time commercial real estate investor?

Kalamazoo offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Kalamazoo?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Kalamazoo. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Kalamazoo?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Kalamazoo. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Kalamazoo compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Kalamazoo. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Kalamazoo acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Kalamazoo, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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