Skyrise Business Center

Off-Market

535 South Burdick Street, Kalamazoo, MI 49007

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 28,000 SF
  • Lot Size 2.23 Acre
  • Parking Spaces Avail. 98
  • Parking Ratio 3.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1982

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • 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%
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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

Location

Getting Around

  • Walk Score ®

    91/100 Walker's Paradise
  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • City Kalamazoo, MI
  • Neighborhood Kalamazoo Central Business District
  • Zip Code 49007
  • Market Grand Rapids

Points of Interest

  • Kalamazoo

    0.59 miles

  • Shell

    0.46 miles

  • Citgo

    0.51 miles

  • Marathon

    0.70 miles

  • Shell

    0.84 miles

  • Sunoco

    0.94 miles

  • Citgo

    1.14 miles

  • Marathon

    1.18 miles

  • Marathon

    1.40 miles

  • Marathon

    1.69 miles

  • Shell

    1.88 miles

  • John Street Lot

    0.14 miles

  • Jasper Street Ramp

    0.15 miles

  • Vine Street Ramp

    0.18 miles

  • Jasper St North Lot

    0.23 miles

  • Garden Entrance Parking

    0.25 miles

  • Jasper Street South Lot

    0.25 miles

  • City Parking Ramp No. 1

    0.40 miles

  • Kalamazoo County Employee Parking

    0.55 miles

  • Kalamazoo County CMH Parking Lot

    0.62 miles

  • Bell's Eccentric Cafe Parking

    0.69 miles

  • Radisson Plaza Hotel at Kalamazoo Center

    0.37 miles

  • Hilton Garden Inn

    0.49 miles

  • Comfort Inn

    0.61 miles

  • Henderson Castle

    1.21 miles

  • Residence Inn by Marriott Kalamazoo East

    3.04 miles

  • Four Points by Sheraton

    3.16 miles

  • Baymont by Wyndham Kalamazoo East

    3.18 miles

  • Country Inn & Suites by Radisson, Kalamazoo, MI

    3.24 miles

  • Staybridge Suites

    3.25 miles

  • Days Inn

    3.31 miles

  • The Blue Dolphin Restaurant

    0.04 miles

  • Artisan Sandwich co.

    0.14 miles

  • Pop City Popcorn

    0.15 miles

  • Kalamzoo Crepe Co.

    0.18 miles

  • Fandango

    0.21 miles

  • Taco Bob's

    0.21 miles

  • Subway

    0.34 miles

  • Burdicks

    0.34 miles

  • Zazios

    0.34 miles

  • Brick & Brine

    0.36 miles

  • W.E. Upjohn Campus

    0.22 miles

  • Kalamazoo Valley Community College Center for New Media

    0.37 miles

  • Community Education Center

    0.41 miles

  • Kalamazoo Adult & Community Education

    0.41 miles

  • Kalamazoo Valley Community College

    0.42 miles

  • Kalamazoo Area Mathematics & Science Center

    0.44 miles

  • El Sol Elementary

    0.49 miles

  • Edison Environmental Science Academy

    0.76 miles

  • Kalamazoo Covenant Academy

    0.76 miles

  • McKinley School

    0.84 miles

  • Gilden Woods Early Care and Preschool

    3.26 miles

Frequently Asked Questions

What is the total square footage of Skyrise Business Center?

Skyrise Business Center totals 28,000 square feet.

When was this property built?

Skyrise Business Center was built in 1982.

What is the market value for Skyrise Business Center?

The market value* for Skyrise Business Center in 2022 was $2,344,000.
*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.

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