Restaurant Property with Detached
For Sale
$1,500,000
5225 Portage Rd, Kalamazoo, MI 49002
The 1.867-acre site has access from three roads and is zoned CC in the City of Kalamazoo.
Property Size6,219 SF
Lot Size1.87 Acres
Price / SF$241.20
Days on Market11
Property Features for 5225 Portage Rd
General Information
Standard status
Active
Size
6,219 SF
Lot size
1.87 Acres
Property subtype
Commercial
Zoning
CC
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Equipment Included
No
Liquor License
No
Additional Details
Furnished
No
Building Details
Year Built
1976
Buildings
2
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Jodi K Milks · License #6506044331
(269) 353-0311
Source:
Metrodetroithomeguide
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 10 at 2:36AM
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 NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
A full-service restaurant property includes a detached 1,056-square-foot storage building. The restaurant was built in 1976, and the site is zoned CC, Community Commercial District, in the City of Kalamazoo. Furniture, fixtures, and equipment are offered separately; a liquor license may also be available for separate purchase.
Portage Road frontage measures approximately 232 feet, with additional access from Airview Boulevard and Byrd Avenue. The property is adjacent to Kalamazoo/Battle Creek International Airport and less than a quarter mile from the I-94 interchange. Hotel, gas station, and car wash redevelopment may be possible, subject to zoning and Special Use Permit requirements.
Portage Road frontage measures approximately 232 feet, with additional access from Airview Boulevard and Byrd Avenue. The property is adjacent to Kalamazoo/Battle Creek International Airport and less than a quarter mile from the I-94 interchange. Hotel, gas station, and car wash redevelopment may be possible, subject to zoning and Special Use Permit requirements.
Key Highlights
- 1.867‑acre restaurant property zoned CC, Community Commercial District
- Detached 1,056 SF storage building
- Approximately 232 feet of frontage along Portage Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,346
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,920
$1.2M
Cap Rate 7%
$833,514
$833.5K
Cap Rate 9%
$648,289
$648.3K
Market Conditions
NOI Build-Up for 6,219 SF
Gross rent
$81.7K $13.14/SF
− Vacancy
−$3.9K −$0.63/SF
EGI
$77.8K $12.51/SF
− OpEx
−$19.4K −$3.13/SF
NOI
$58.3K $9.38/SF
Area
Kalamazoo County, MI
Vacancy
4.80%
Lease Rate
$13.14 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,920
Cap Rate 7%
$833,514
Cap Rate 9%
$648,289
Alternative Uses
Best Use
Specialty Retail
$833.5K
$729.3K – $972.4K
NOI $58,346 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.63M
$1.42M – $1.90M
NOI $113,917 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 43%
Hotels & Casinos 8%
Beauty & Spa 2%
Shell
Shops & Services
18,001 visits/mo
0.2 miles
Taco Bell
Dining
10,075 visits/mo
0.0 miles
BIGGBY COFFEE
Dining
6,161 visits/mo
0.0 miles
SUBWAY
Dining
3,420 visits/mo
0.1 miles
Hampton Inn Kalamazoo
Hotels & Casinos
2,235 visits/mo
0.1 miles
Demographics for 49002, MI
19,553
Population
8,975
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
17.3 sq mi
ZIP Area
1,130
Density / Sq Mi
$71,621
Median Household Income
$45,938
Median Earnings
$910
Median Rent
$223,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The 1.867-acre site has access from three roads and is zoned CC in the City of Kalamazoo.
Where is this conventional restaurant located?
The property is located at 5225 Portage Rd Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.867‑acre restaurant property zoned CC, Community Commercial District; Detached 1,056 SF storage building; Approximately 232 feet of frontage along Portage Road
