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    1525 Bacon Ave Portage, MI 49002

    For Sale
    $4,495,000

    MULTI_FAMILY - Portage, MI

    Lot size:
    9.84 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 1525 Bacon Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2
    Bedrooms
    6
    APN
    10-00027-197-O
    Parking
    72
    Lot size
    9.84 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Radiant

    Building Details

    Year built
    1978
    Number of units
    48
    Building materials
    Wood Siding
    Roof type
    Composition

    MOXIE Real Estate + Development (616) 890-7794

    Listing agent Daniel Kolp (616) 550-2684

    Listing date Nov 25, 2025

    MLS# 25059801 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakewood Apartments Investment Opportunity

    Lakewood Apartments is a well-maintained property featuring an attractive unit mix, with a majority of units already renovated. Substantial capital improvements have been made. There is potential for an additional revenue stream by implementing a RUBS/utility bill back program and renting storage lockers. Rents are below market value. Situated on approximately 9.84 acres, the property presents a future development opportunity, with the possibility of incentives for future expansion. Lakewood Apartments represents an investment opportunity with upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.570749
    Latitude
    42.173202

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained apartment complex with renovation and development potential.
    Where is this apartment building located?
    The property is located at 1525 Bacon Ave Portage, MI.
    What is the asking price?
    The asking price for this property is $4,495,000.
    What are key features of this property?
    This property features: - Future development opportunity on almost 10 acres, potentially with incentives.; - Significant upside potential due to below-market rents.; - Majority of units already renovated.
    (616) 550-2684
    Request Owner's contact information
    1525 Bacon Ave Portage, MI 49002
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    Portage, MI 49002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1525 Bacon Ave Portage, MI 49002
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