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Versatile Retail Building with Workshop

8139 Portage Road Portage, MI 49002

8139 Portage Road, Portage, MI, 49002
$349,000
Pending
For Sale
Claim this Listing
$349,000
Pending

COMMERCIAL - Portage, MI

Property Size3,468 SF
Lot Size3.85 Acres
AddedMay 19
Days on Market59
Last RefreshJul 16 at 10:06 am

Property Features for 8139 Portage Road

General Information

Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Broadband
Standard status
Pending
APN
10-00023-080-A
Size
3,468 SF
Lot size
3.85 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
On file.
Tax Annual Amount
7526

Utilities

Utilities
Cable Available
Heating system
Forced Air

Building Details

Year built
1935
Floors in Building
1
Number of units
1

Listing agent Andrew J Gyorkos License #6502406462

Listing office Kalamazoo Commercial Real Estate 501 W Willard Street, Kalamazoo, MI

Listing date May 19, 2026

MLS# 26023335

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This versatile retail property features a main retail area of 2,508 SF with a classroom, an office space, and two restrooms. Behind the main building, there is a 960 SF workshop/garage equipped with two overhead doors. The property sits on 3.85 acres, with 9,000 SF of surrounding parking to support customer and operational needs.

Located at 8139 Portage Road in Portage, the site benefits from placement on a major retail corridor, supporting a range of retail and service concepts that can utilize both the front-of-house space and the back workshop area.

Key Highlights

  • Retail property in Portage on a major retail corridor on 3.85 acres of land
  • Main retail area offers 2,508 SF with a classroom, office space, and two restrooms
  • Includes a 960 SF workshop/garage behind the main building with two overhead doors

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $41.6k $12.00
− Vacancy −$7.4k −$2.15
EGI $34.2k $9.85
− OpEx −$10.3k −$2.96
NOI $23.9k $6.90
3,468 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%

Alternative Uses

Best Use
Retail
$341.7K
$299.0K – $398.6K (±1% cap)
NOI $23,917 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$907.5K
$794.1K – $1.06M (±1% cap)
NOI $63,525 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Real Estate Agency Auto Parts Store Law Firm Big Box & Wholesale Store HVAC Service Building Supply Restaurant Furniture & Home Goods Kitchen & Bath Showroom Grocery & Convenience Store

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

FAQs

What type of property is this?
Storefront property - Main retail area includes a classroom, office, and two restrooms, with a 960 SF workshop behind.
Where is this storefront property located?
The property is located at 8139 Portage Road Portage, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Retail property in Portage on a major retail corridor on 3.85 acres of land; Main retail area offers 2,508 SF with a classroom, office space, and two restrooms; Includes a 960 SF workshop/garage behind the main building with two overhead doors
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