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5988-5990 Venture Park Dr
Kalamazoo, MI 49009
Office Property For Sale
Executive Summary
Owner-user opportunity on Venture Park Drive, just off Stadium Drive in Oshtemo Township. This 6,800 SF office building sits on 1.236 acres in a market with limited opportunities for building ownership. The property is currently configured for a single tenant, but was previously occupied by two tenants and could be converted back to a multi-tenant layout, offering flexibility for an owner-user that may want to occupy all or a portion of the building. The building includes a functional mix of private offices, meeting rooms, open work areas, break room, storage, and 22 on-site parking spaces, equating to approximately 3.23 spaces per 1,000 SF. The existing tenant's lease runs through June 2027, providing a defined timeline for a future owner-user to plan for occupancy while benefiting from interim income during the remaining lease term.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,800 SF
Building Class
B
Year Built
1991
Price
$1,251,104 CAD
Price Per SF
$183.99 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,800 SF
Building FAR
0.13
Lot Size
1.24 AC
Zoning
C COMM - Local Business District
Parking
38 Spaces (5.74 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 05-25-153-150 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $511,897 CAD |
Property Taxes
Parcel Number
05-25-153-150
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$511,897 CAD
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