Restaurant Property with Detached
New
For Sale
$1,500,000
5225 Portage Road, Kalamazoo, MI 49002
Commercial Sale, Kalamazoo, MI
Property Size6,219 SF
Lot Size1.87 Acres
Price / SF$241.20
Days on Market1
Property Features for 5225 Portage Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CC
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking
81
Elementary school district
Portage
Middle school district
Portage
High school district
Portage
Directions
South of the I-94/Portage Rd exit, on the east side of the road, just south of Airview Blvd.
Standard status
Active
APN
10-02-250-001
Size
6,219 SF
Lot size
1.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
K2-1-2G SECTION 2-3-11 COM AT N 1/4 COR SEC 2-3-11, TH S 0DEG 35MIN 50SEC E 1346FT ALG N&S 1/4 LI SD SEC FOR PL OF BEG,
Tax Annual Amount
32594
Legal Description
K2-1-2G SECTION 2-3-11 COM AT N 1/4 COR SEC 2-3-11, TH S 0DEG 35MIN 50SEC E 1346FT ALG N&S 1/4 LI SD SEC FOR PL OF BEG,
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
detached storage building
Building Details
Year built
1976
Floors in Building
1
Number of units
1
Building materials
Block, Brick, Stone
Roof type
Composition
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 459-0439
Added: Oct 5
Last Checked: Oct 5 at 6:06PM
MLS# 26052920
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.
The restaurant property includes a detached 1,056-square-foot storage building. The main building was constructed in 1976 and has block, brick, and stone construction, forced-air heating, and central air conditioning. Furniture, fixtures, and equipment may be purchased separately, and a liquor license may also be available for purchase.
The site fronts Portage Road for approximately 232 feet and has access from Portage Road, Airview Boulevard, and Byrd Avenue. It is adjacent to Kalamazoo/Battle Creek International Airport and less than a quarter mile from the I-94 interchange. The property is zoned CC - Community Commercial District in the City of Kalamazoo. Hotel, gas station, and car wash redevelopment would be subject to zoning and Special Use Permit requirements.
The site fronts Portage Road for approximately 232 feet and has access from Portage Road, Airview Boulevard, and Byrd Avenue. It is adjacent to Kalamazoo/Battle Creek International Airport and less than a quarter mile from the I-94 interchange. The property is zoned CC - Community Commercial District in the City of Kalamazoo. Hotel, gas station, and car wash redevelopment would be subject to zoning and Special Use Permit requirements.
Key Highlights
- Detached 1,056‑square‑foot storage building
- Approximately 232 feet of frontage on Portage Road
- Access from Portage Road, Airview Boulevard, and Byrd Avenue
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant site offers three points of vehicle access and is zoned CC - Community Commercial District.
Where is this conventional restaurant located?
The property is located at 5225 Portage Road 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: Detached 1,056‑square‑foot storage building; Approximately 232 feet of frontage on Portage Road; Access from Portage Road, Airview Boulevard, and Byrd Avenue
