507 Mills Street

Off-Market

507 Mills Street, Kalamazoo, MI 49001

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  • Property Type Industrial - Manufacturing
  • Property Size 32,679 SF
  • Lot Size 1.52 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1950

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent
  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Kalamazoo, MI
  • Neighborhood Edison
  • Zip Code 49001
  • Market Grand Rapids

Points of Interest

  • Kalamazoo

    1.04 miles

  • Marathon

    0.62 miles

  • Sunoco

    0.78 miles

  • Marathon

    1.20 miles

  • Shell

    1.20 miles

  • Citgo

    1.24 miles

  • Citgo

    1.44 miles

  • Shell

    1.45 miles

  • BP

    1.86 miles

  • Marathon

    2.04 miles

  • Shell

    2.07 miles

  • Jasper St North Lot

    0.67 miles

  • Jasper Street South Lot

    0.68 miles

  • Jasper Street Ramp

    0.69 miles

  • Garden Entrance Parking

    0.72 miles

  • John Street Lot

    0.74 miles

  • Bell's Eccentric Cafe Parking

    0.80 miles

  • Vine Street Ramp

    0.85 miles

  • City Parking Ramp No. 1

    1.02 miles

  • Kalamazoo County Employee Parking

    1.18 miles

  • Kalamazoo County CMH Parking Lot

    1.21 miles

  • Checkers

    0.66 miles

  • Maru Sushi

    0.72 miles

  • Hop Cat

    0.74 miles

  • Food Dance

    0.74 miles

  • Burger Bros

    0.80 miles

  • South China

    0.80 miles

  • Lee's Famous Recipe Chicken

    0.82 miles

  • Kalamazoo Beer Exchange

    0.82 miles

  • McDonald's

    0.84 miles

  • Fandango

    0.86 miles

  • People's Food Co-op

    0.71 miles

  • Mall Plaza

    0.85 miles

  • Harding's Friendly Market

    1.42 miles

  • Harding's Friendly Market

    1.45 miles

  • Eastwood Market

    1.46 miles

  • Bronco Mall

    2.33 miles

  • Aldi

    2.58 miles

  • Campus Pointe Mall

    2.92 miles

  • Hardings

    3.03 miles

  • Big Lots

    3.12 miles

  • Bronson Methodist Hospital

    0.77 miles

  • Fire Station 3

    0.95 miles

  • Kalamazoo County Sheriff's Office

    1.23 miles

  • Station 3 - Lakewood

    1.40 miles

  • Walgreens

    1.46 miles

  • Station 2 - Eastwood

    1.48 miles

  • Borgess Medical Center

    1.48 miles

  • Western Michigan University Unified Clinics

    1.75 miles

  • WMU Department of Safety

    1.92 miles

  • Kalamazoo Psychiatric Hospital

    2.04 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 22 Oct, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Kalamazoo

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Kalamazoo Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $21.44
  • 2021 Office Vacancy Rate 20.04%
  • 2021 Office Completions (SF) 85,000
View more Kalamazoo market trends

Frequently Asked Questions

What is the total square footage of 507 Mills Street?

507 Mills Street totals 32,679 square feet.

When was this property built?

507 Mills Street was built in 1950.

When was 507 Mills Street last sold?

507 Mills Street was last sold on 22 Oct, 2019.

What is the property tax for 507 Mills Street?

The property tax for 507 Mills Street in 2022 was $2,206.

What is the market value for 507 Mills Street?

The market value* for 507 Mills Street in 2022 was $570,600.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Tax

  • Property Tax in 2022 $2,206
  • Base Tax $17,341
  • Current Tax $15,315
  • Market Value* $570,600
  • Assessed Value $570,600

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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