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1634 Gull Rd
Kalamazoo, MI 49048 Eastwood

$1,667,200 USD

Medical Condo For Sale  •  8,000 SF

Property Details

  • Property Type Medical
  • Total Building Size 16,156 SF
  • Lot Size 0.9 AC
  • Building Class B
  • Year Built 1965
  • Cap Rate 7.50 %
  • Tenancy Multiple
  • Zoning C-1
0 Transit Score
66 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit WellNow Medical 8,000 SF $1,667,200 USD
  • Unit Size: 8,000 SF
  • Condo Use: Medical
  • Price: $1,667,200 USD
  • Sale Type: Investment
  • Price/SF: $208.40 USD
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.

Description 

WellNow Urgent Care

+/- 8,000 SF fee simple condo.

Highlights

Early 5-Year Lease Extension (2025–2030) – Demonstrates tenant’s long-term commitment to the site
2% Annual Rent Increases – Provides consistent income growth and inflation protection
Corporate Guarantee – National urgent care platform with 150+ locations and The Aspen Group backing
High-Visibility Location – Over 25,800 VPD on Gull Road, a primary east-west commercial corridor
Directly Across from Ascension Borgess Hospital – A 422-bed regional medical hub anchoring Kalamazoo’s healthcare district
Passive Income Profile – Net lease with minimal landlord responsibilities

Property Flyers

Financial Summary

Cap Rate: 7.50 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
WellNow Urgent Care

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.7 mi
AirportDriveWalkDistance
Kalamazoo/Battle Creek International 18 min - 7.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 90
Type: Surface
Included in Rent: Yes
Jake Carter 614-306-7852 Equity, LLC
Jake Carter 614-306-7852 Equity, LLC