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S Kalamazoo Mall Portfolio 2 Office Properties Offered at $3,979,444 CAD in Kalamazoo, MI
Investment Highlights
- Centrally located property within Downtown Kalamazoo’s vibrant business and cultural district.
- Part of a rapidly developing downtown corridor featuring over $500 million in new planned investments.
- Located near major amenities, dining, and retail destinations along S Kalamazoo Mall.
- Leased to Acrisure, a global insurance and fintech leader with operations in more than 20 countries.
- Three-story brick construction with attached municipal parking and full basement.
- Includes additional adjacent parcel at 126 E South Street, enhancing expandability and accessibility.
Executive Summary
Acrisure, a top-10 global insurance brokerage and fintech platform with $4 billion + in annual revenue and operations in 20+ countries, occupies the property following its acquisition of Burnham & Flower, which had been headquartered here for approx. two decades. Additionally, Downtown Kalamazoo continues to grow with development of the new $500M + area / event center just blocks away. Sale also includes 126 South Street, which is immediately adjacent. Long-term historical tenancy with upside, plus the anchor of Acrisure make this an attractive investment offering!
This property’s location aligns with Kalamazoo’s ongoing downtown revitalization, which includes over $500 million in planned and active developments spanning hospitality, events, and mixed-use expansions. Tenants benefit from connectivity to numerous amenities, including retail, dining, arts venues, and municipal infrastructure. With an estimated NOI of $245,784 and secure tenancy in place, this asset represents durable income performance and potential upside through continued area growth. Offered at a reduced price of $2,800,000, 315 S Kalamazoo Mall presents a prime opportunity for investors seeking a stable, centrally located office property in a growing Midwest market.
This property’s location aligns with Kalamazoo’s ongoing downtown revitalization, which includes over $500 million in planned and active developments spanning hospitality, events, and mixed-use expansions. Tenants benefit from connectivity to numerous amenities, including retail, dining, arts venues, and municipal infrastructure. With an estimated NOI of $245,784 and secure tenancy in place, this asset represents durable income performance and potential upside through continued area growth. Offered at a reduced price of $2,800,000, 315 S Kalamazoo Mall presents a prime opportunity for investors seeking a stable, centrally located office property in a growing Midwest market.
Property Facts
| Price | $3,979,444 CAD | Status | Active |
| Price / SF | $165.30 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 1 |
| Cap Rate | 8.78% | Total Building Size | 24,074 SF |
| Sale Type | Investment | Total Land Area | 0.66 AC |
| Price | $3,979,444 CAD |
| Price / SF | $165.30 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 24,074 SF |
| Total Land Area | 0.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 315 S Kalamazoo Mall, Kalamazoo, MI 49007 | Office | 16,574 SF | 1975 | - |
| 126 E South St, Kalamazoo, MI 49007 | Office | 7,500 SF | 1978 | $709,194 CAD |
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