Speareflex & Shakespeare Buildings

Off-Market

261 East Kalamazoo Avenue, 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 60,714 SF
  • Lot Size 1.62 Acre
  • Parking Spaces Avail. 151
  • Parking Ratio 2.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2003

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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Brokers

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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.

  • 2022 Avg. Asking Rent $23.08
  • 2022 Office Vacancy Rate 16.00%
  • 2022 Office Completions (SF)
View more Kalamazoo market trends

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Kalamazoo, MI
  • Neighborhood Kalamazoo Central Business District
  • Zip Code 49007
  • Market Grand Rapids

Points of Interest

  • Kalamazoo

    0.21 miles

  • Marathon

    0.30 miles

  • Shell

    0.54 miles

  • Citgo

    0.55 miles

  • Marathon

    1.20 miles

  • Sunoco

    1.34 miles

  • Shell

    1.40 miles

  • Pacific Pride

    1.54 miles

  • Marathon

    1.66 miles

  • Citgo

    1.69 miles

  • Marathon

    1.73 miles

  • Bell's Eccentric Cafe Parking

    0.15 miles

  • City Parking Ramp No. 1

    0.32 miles

  • Kalamazoo County CMH Parking Lot

    0.40 miles

  • Kalamazoo County Employee Parking

    0.41 miles

  • John Street Lot

    0.45 miles

  • Jasper Street Ramp

    0.53 miles

  • Jasper St North Lot

    0.67 miles

  • Jasper Street South Lot

    0.71 miles

  • Vine Street Ramp

    0.73 miles

  • Garden Entrance Parking

    0.74 miles

  • Hilton Garden Inn

    0.27 miles

  • Radisson Plaza Hotel at Kalamazoo Center

    0.28 miles

  • Comfort Inn

    0.73 miles

  • Henderson Castle

    1.28 miles

  • Baymont by Wyndham Kalamazoo East

    3.43 miles

  • Four Points by Sheraton

    3.44 miles

  • Residence Inn by Marriott Kalamazoo East

    3.54 miles

  • Staybridge Suites

    3.58 miles

  • Fairfield Inn by Marriot Kalamazoo

    3.61 miles

  • Country Inn & Suites by Radisson, Kalamazoo, MI

    3.70 miles

  • Kalamazoo Beer Exchange

    0.08 miles

  • Hop Cat

    0.11 miles

  • Maru Sushi

    0.13 miles

  • Food Dance

    0.13 miles

  • Subway

    0.25 miles

  • Checkers

    0.25 miles

  • Brick & Brine

    0.26 miles

  • McDonald's

    0.27 miles

  • Burdicks

    0.28 miles

  • Zazios

    0.29 miles

  • Kalamazoo Valley Community College Center for New Media

    0.24 miles

  • Kalamazoo Valley Community College

    0.26 miles

  • Lincoln International Studies School

    0.36 miles

  • W.E. Upjohn Campus

    0.38 miles

  • Roosevelt School

    0.85 miles

  • Community Education Center

    0.86 miles

  • Woodward School for Technology and Research

    0.87 miles

  • Kalamazoo Adult & Community Education

    0.87 miles

  • Saint Marys School

    0.90 miles

  • Kalamazoo Area Mathematics & Science Center

    0.90 miles

  • Gilden Woods Early Care and Preschool

    3.44 miles

Frequently Asked Questions

What is the total square footage of Speareflex & Shakespeare Buildings?

Speareflex & Shakespeare Buildings totals 60,714 square feet.

When was this property built?

Speareflex & Shakespeare Buildings was built in 2003.

What is the market value for Speareflex & Shakespeare Buildings?

The market value* for Speareflex & Shakespeare Buildings in 2023 was $6,455,800.
*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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