Kalamazoo, MI
Commercial Real Estate Market Trends & Data

$162 Avg asking sale price
$18 Avg asking lease rate
21,289 SF Avg unit lease size
21,855 SF Avg building size for sale
8.04% 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 $111 17,398 SF 9.81%
Oshtemo $179 26,449 SF 7.70%
Portage $120 11,063 SF 8.72%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Kalamazoo $99 19,602 SF 7.70%
Oshtemo $242 23,059 SF 7.70%
Portage $115 15,156 SF 7.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Kalamazoo $255 16,615 SF
Oshtemo $387 6,140 SF
Comstock $123 3,872 SF
Portage $157 43,156 SF
Galesburg $124 6,840 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Kalamazoo $89 21,831 SF 7.93%
Portage $131 25,100 SF 7.93%
Galesburg $159 19,500 SF 7.71%
Vicksburg $115 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

1634 Gull Rd

Kalamazoo, MI 49048

  • 16,156 SF Office Building
  • 9.81% Cap Rate
  • $1,300,000
For Sale

Starbucks Drive-Thru @ Maple Hill Pavilion

Kalamazoo, MI 49009

  • 1,890 SF Retail Building
  • 5.50% Cap Rate
  • $1,162,000
For Sale

Columbia Plaza

Kalamazoo, MI 49007

  • 53,719 SF Office Building
  • $3,975,000
For Sale

Beatrice St

Kalamazoo, MI 49009

  • 50.42 AC Lot
  • 1 Commercial Lot
  • $5,000,000
For Sale

Birchwood Apartments

Galesburg, MI 49053

  • 17,500 SF Multifamily
  • 7.71% Cap Rate
  • $2,025,000
For Sale

1516 Trimble Ave

Kalamazoo, MI 49048

  • 2,213 SF Office Building
  • $249,900

Average Price For Sale

↻ Updated Monthly

Average Size 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 $162 21,855 SF
Oshtemo $245 26,387 SF
Comstock $172 10,242 SF
Portage $152 19,508 SF
Richland $205 1,951 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.

Nearby Market Trends