Freestanding Retail-Office
1367 Portage Street Kalamazoo, MI 49001
1367 Portage Street, Kalamazoo, MI, 49001
$599,000
For Sale
$599,000
Freestanding 4,200 SF retail/office building with convenient on-site parking and access from Portage Street.
Property Size4,200 SF
Price / SF$142.62
Days on Market183
Property Features for 1367 Portage Street
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Retail
Listing agency
Colliers Lansing
(517) 303-5554
Listed by
Shawn H. O'Brien · License #6502358107
(517) 303-5554
Source
Cpix.resimplifi
Added: Jan 20 Updated: Jul 21 at 2:31PM Checked: Jul 21 at 2:31PM
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 Colliers Lansing
Investment Insights
Based on property information with market context.
This freestanding retail/office building offers approximately 4,200 square feet of space for an owner or tenant looking for a standalone setup. The property includes convenient on-site parking and direct, easy ingress and egress from Portage Street.
The asset is positioned along a major commuter route with published traffic counts of 9,544 VPD on Portage Street and 7,380 VPD on Stockbridge Avenue, supporting strong day-to-day visibility. The offering also references additional land parcels available for sale.
The additional land is described as two parcels (Parcel A at 0.12 acres and Parcel B at 0.13 acres), which may appeal to buyers considering expansion or development options alongside the primary building.
The asset is positioned along a major commuter route with published traffic counts of 9,544 VPD on Portage Street and 7,380 VPD on Stockbridge Avenue, supporting strong day-to-day visibility. The offering also references additional land parcels available for sale.
The additional land is described as two parcels (Parcel A at 0.12 acres and Parcel B at 0.13 acres), which may appeal to buyers considering expansion or development options alongside the primary building.
Key Highlights
- 4,200 SF freestanding retail/office building available
- High‑traffic location on Portage Street with 9,544 VPD
- Also near Stockbridge Avenue with 7,380 VPD
Local Financial Insights For Office B
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 | $60.5k | $14.40 |
| − Vacancy | −$4.4k | −$1.04 |
| EGI | $56.1k | $13.36 |
| − OpEx | −$14.0k | −$3.34 |
| NOI | $42.1k | $10.02 |
4,200 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$601.3K
$526.2K – $701.6K
NOI $42,094 @ 7.0% cap · market cap 7.03%
Second Best
Retail
$413.8K
$362.1K – $482.8K
NOI $28,965 @ 7.0% cap · market cap 4.84%
Theoretical Best
Warehouse
$1.10M
$961.7K – $1.28M
NOI $76,934 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding 4,200 SF retail/office building with convenient on-site parking and access from Portage Street.
Where is this retail space located?
The property is located at 1367 Portage Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,200 SF freestanding retail/office building available; High‑traffic location on Portage Street with 9,544 VPD; Also near Stockbridge Avenue with 7,380 VPD
