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Retail Property in Prime Location

8139 Portage Rd Portage, MI 49002

8139 Portage Rd, Portage, MI, 49002

$349,000

For Sale

$349,000

Versatile retail property with expansion potential in Portage, Michigan.

Property Size2,508 SF

Lot Size3.85 Acres

Price / SF$139.15

AddedMay 20

Days on Market58

Last RefreshJul 15 at 10:47 pm

Property Features for 8139 Portage Rd

General Information

Standard status: Active
Size: 2,508 SF
Lot size: 3.85 Acres
Property subtype: Commercial

Building Details

Year Built: 1935

Listing office Kalamazoo Commercial Real Estate

Listing date May 20, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Kalamazoo Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail property is situated in a prime location on a major retail corridor within Portage. The property, set on 3.85 acres, offers room for various business types and potential expansion. The main retail area measures 2,508 square feet and includes a classroom, an office space, and two restrooms. Additionally, there is a 960-square-foot workshop/garage located behind the main building, featuring two overhead doors. The property includes 9,000 square feet of parking. The location has a bike score of 61, indicating it is bikeable, and a walk score of 35, suggesting car dependence.

Key Highlights

Prime location on a major retail corridor in Portage.
Large 3.85‑acre lot offering room for business expansion.
2,508 SF main retail area with classroom, office, and restrooms.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$30.1k	$12.00
− Vacancy	−$5.4k	−$2.15
EGI	$24.7k	$9.85
− OpEx	−$7.4k	−$2.96
NOI	$17.3k	$6.90

2,508 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$247.1K

$216.2K – $288.3K (±1% cap)

NOI $17,296 @ 7.0% cap · market cap 4.96%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$656.3K

$574.3K – $765.7K (±1% cap)

NOI $45,940 @ 7.0% cap · market cap 13.16%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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For sale
Retail space
MI
Portage
49002
8139 Portage Rd

What type of property is this?

Retail space - Versatile retail property with expansion potential in Portage, Michigan.

Where is this retail space located?

The property is located at 8139 Portage Rd 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: Prime location on a major retail corridor in Portage.; Large 3.85‑acre lot offering room for business expansion.; **2,508 SF main retail area** with classroom, office, and restrooms.