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1634 Gull Rd 8,000 SF Medical Condo Unit Offered at $1,667,200 in Kalamazoo, MI 49048

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INVESTMENT HIGHLIGHTS

Early 5-Year Lease Extension (2025–2030) – Demonstrates tenant’s long-term commitment to the site
Corporate Guarantee – National urgent care platform with 150+ locations and The Aspen Group backing
Directly Across from Ascension Borgess Hospital – A 422-bed regional medical hub anchoring Kalamazoo’s healthcare district

2% Annual Rent Increases – Provides consistent income growth and inflation protection
High-Visibility Location – Over 25,800 VPD on Gull Road, a primary east-west commercial corridor
Passive Income Profile – Net lease with minimal landlord responsibilities

PROPERTY FACTS

Total Building Size	16,156 SF	Typical Floor Size	8,078 SF
Property Type	Office (Condo)	Year Built	1965
Property Subtype	Medical General Retail Storefront Retail/Office	Lot Size	0.90 AC
Building Class	B	Parking Ratio	5.57/1,000 SF
Floors	2
Zoning	C-1 - Commercial

Total Building Size	16,156 SF
Property Type	Office (Condo)
Property Subtype	Medical General Retail Storefront Retail/Office
Building Class	B
Floors	2
Typical Floor Size	8,078 SF
Year Built	1965
Lot Size	0.90 AC
Parking Ratio	5.57/1,000 SF
Zoning	C-1 - Commercial

1 UNIT AVAILABLE

Unit WellNow

Unit Size	8,000 SF	Sale Type	Investment
Price	$1,667,200	Cap Rate	7.50%
Price Per SF	$208.40	NOI	$125,040
Condo Use	Medical

Unit Size	8,000 SF
Price	$1,667,200
Price Per SF	$208.40
Condo Use	Medical
Sale Type	Investment
Cap Rate	7.50%
NOI	$125,040

DESCRIPTION

Investment condo sale with long-term tenant generating a 7.5% cap rate.

SALE NOTES

WellNow Urgent Care

+/- 8,000 SF fee simple condo.

WellNow Urgent Care - Kalamazoo MI - OM

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(614) 334-7838

CONTACTS

Jake Carter
Patrick Wathen
Equity, LLC

Listing ID: 36542463
Date on Market: 6/30/2025
Last Updated:
Address: 1634 Gull Rd, Kalamazoo, MI 49048

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1634 Gull Rd, Kalamazoo, MI for sale Building Photo- Image 1 of 4 — 34903---1634-Gull-Rd-Kalamazoo-MI_09 - FOR CREXi

1634 Gull Rd, Kalamazoo, MI for sale Building Photo- Image 2 of 4 — 34903---1634-Gull-Rd-Kalamazoo-MI_12

1634 Gull Rd, Kalamazoo, MI for sale Building Photo- Image 3 of 4 — Main Photo1 634-Gull-Rd-Kalamazoo-MI_17

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