Retail Space / Michigan / Kalamazoo / 49006 / 1325 South Drake Road

1325 South Drake Road

Q: What is the asking price for 1325 South Drake Road in Kalamazoo?

The asking price for 1325 South Drake Road is $405,000

Q: What is the building size of this Retail property in Kalamazoo, MI?

The size of the building/unit at 1325 South Drake Road in Kalamazoo is 1,080 square feet.

Q: How much land does the Kalamazoo, MI property at 1325 South Drake Road include?

1325 South Drake Road in Kalamazoo includes 0.150 acres of land.

Q: What kind of Retail is the propery at 1325 South Drake Road?

The property at 1325 South Drake Road Kalamazoo, MI 49006 is listed as a Free Standing Building Retail property.

Q: What is the population within 1 mile of 1325 South Drake Road?

The population within 1 mile of 1325 South Drake Road Kalamazoo, MI 49006 is 12,427 people.

Q: Who do I contact for questions about 1325 South Drake Road?

You should contact the listing agent, Kyle Grooters, for any details regarding this commercial listing.

Kalamazoo, MI 49006

Listing ID: 257658

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1325 South Drake Road Kalamazoo, MI 49006 | for Sale | Photo 1

Building Size: 1,080 SF

Lot Size: 0.150 AC

Land Size: 6,534 SF

Building $/SF: $375.00

Land $/SF: $61.98

Price

$405,000

Property Highlights

High exposure with 50 feet of frontage on Drake Rd.

Owner willing to package sale with 1424 M-89 HWY with same long-term tenant

Description

Rental income is $2,950 per month with full pass through lease. 1 year remains on the current lease and a 5-year lease beginning July 1st, 2022 has been signed. This equals 6 years of income production, totaling $424,800 over the term.

Attachments & Files

flyer-55-jX0-0C3.pdf

Points of Interest & Demographic Radii

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Grand Rapids History of Retail Space for Sale

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Listing Demographics for 1325 South Drake Road Kalamazoo, MI 49006

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		12,427	66,265	136,240
Population Median Age		31	34	36
Population by Age	0-9 Yrs	1051 (8%)	6161 (9%)	15407 (11%)
	10-19 Yrs	1459 (11%)	8619 (13%)	18049 (13%)
	20-29 Yrs	5875 (47%)	22904 (34%)	34067 (25%)
	30-39 Yrs	1115 (8%)	6853 (10%)	15612 (11%)
	40-49 Yrs	826 (6%)	5639 (8%)	14769 (10%)
	50-59 Yrs	694 (5%)	4633 (6%)	12933 (9%)
	60-69 Yrs	829 (6%)	5405 (8%)	12905 (9%)
	70+ Yrs	578 (4%)	6050 (9%)	12498 (9%)

Median HH Income		$34,326	$45,241	$48,988
Total Household Income	< 24K	1826 (34%)	6789 (25%)	13178 (24%)
	25-49K	1958 (36%)	7320 (27%)	14461 (26%)
	50-74K	693 (13%)	4359 (16%)	9248 (17%)
	75-99K	373 (7%)	2926 (11%)	5969 (11%)
	100-199K	338 (6%)	3740 (14%)	8803 (16%)
	200K+	115 (2%)	1090 (4%)	2598 (4%)

Highest Education Level	No Diploma	477	1970	5885
	Diploma or GED	1023	5765	15049
	Some College	1146	7117	17839
	Assoc. Degree	448	2888	7133
	Bachelors Degree	1392	9324	19186
	Higher Degree	1057	7230	14746

Total Housing Units		6,247	29,432	59,652
--Owner-Occupied		1,020	11,447	28,535
--Renter-Occupied		4,284	14,776	25,722
Owner-Occupied Values	< 100K	333	2695	8147
	100-199K	432	5083	11348
	200-299K	169	2551	5621
	300-399K	38	599	1549
	400-499K	30	310	935
	500K+	19	209	935

Total Working Age Population		11,001	57,201	112,037
In Work Force		7,866	38,471	74,704
Not In Work Force		3,135	18,730	37,333
Workforce Employed		7,057	36,119	69,856
Workforce Unemployed		809	2,346	4,765
Civlian Workforce		7,866	38,464	74,621
Military Workforce		0	6	84

Total Households		5,304	26,223	54,257
Family Households		1,818	11,234	27,938
Non-Family Households		3,485	14,989	26,319
Married Couple		1,082	7,967	19,457
Other Family		736	3,267	8,481
Married w/Child		378	3,071	7,842
Single Male w/Child		167	540	1,317
Single Female w/Child		310	1,406	3,774

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Kalamazoo County	238,603	+5	250,331	+7	267,738	+8	290,091

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 1325 South Drake Road in Kalamazoo?

The asking price for 1325 South Drake Road is $405,000

What is the building size of this Retail property in Kalamazoo, MI?

The size of the building/unit at 1325 South Drake Road in Kalamazoo is 1,080 square feet

How much land does the Kalamazoo, MI property at 1325 South Drake Road include?

1325 South Drake Road in Kalamazoo includes 0.150 acres of land

What kind of Retail is the propery at 1325 South Drake Road?

The property at 1325 South Drake Road Kalamazoo, MI 49006 is listed as a Free Standing Building Retail property

What is the population within 1 mile of 1325 South Drake Road in Kalamazoo?

The population within 1 mile of 1325 South Drake Road Kalamazoo, MI 49006 is 12,427 people.

Who do I contact for questions about 1325 South Drake Road?

You should contact the listing agent, Kyle Grooters, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
South Bend Regional Airport (SBN)	52
Fort Wayne International Airport (FWA)	93
Toledo Express Airport (TOL)	106