Full-Service Restaurant with
For Sale
$1,500,000
5225 Portage, Kalamazoo, MI 49001
Access from three roads and CC zoning accompany the existing restaurant improvements.
Property Size6,200 SF
Lot Size1.87 Acres
Price / SF$241.94
Days on Market25
Property Features for 5225 Portage
General Information
Standard status
Active
Size
6,200 SF
Lot size
1.87 Acres
Property subtype
Commercial/Industrial
Zoning
CC
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
No
Equipment Included
No
Building Details
Year Built
1976
Buildings
2
Listed By:
J.A. BACHLER
(810) 765-8895
Source:
Jabachler
Added: Oct 5
Changed: Oct 27
Last Checked: Oct 27 at 4:10AM
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 J.A. BACHLER
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 6,200-square-foot restaurant property occupies 1.867 acres and includes a detached 1,056-square-foot storage building. The restaurant was built in 1976. Furniture, fixtures, and equipment are offered separately, and a liquor license may also be available for purchase.
The site is adjacent to Kalamazoo/Battle Creek International Airport and less than a quarter mile from the I-94 interchange. Access is available from Portage Road, Airview Boulevard, and Byrd Avenue, with approximately 232 feet of Portage Road frontage. The property is zoned CC, Community Commercial District, in the City of Kalamazoo. Hotel, gas station, or car wash redevelopment may be possible, subject to zoning and Special Use Permit requirements.
The site is adjacent to Kalamazoo/Battle Creek International Airport and less than a quarter mile from the I-94 interchange. Access is available from Portage Road, Airview Boulevard, and Byrd Avenue, with approximately 232 feet of Portage Road frontage. The property is zoned CC, Community Commercial District, in the City of Kalamazoo. Hotel, gas station, or car wash redevelopment may be possible, subject to zoning and Special Use Permit requirements.
Key Highlights
- 6,200‑square‑foot restaurant on 1.867 acres
- Detached 1,056‑square‑foot storage building
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,168
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,360
$1.2M
Cap Rate 7%
$830,971
$831.0K
Cap Rate 9%
$646,311
$646.3K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$81.5K $13.14/SF
− Vacancy
−$3.9K −$0.63/SF
EGI
$77.6K $12.51/SF
− OpEx
−$19.4K −$3.13/SF
NOI
$58.2K $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%
$1,163,360
Cap Rate 7%
$830,971
Cap Rate 9%
$646,311
Alternative Uses
Best Use
Specialty Retail
$831.0K
$727.1K – $969.5K
NOI $58,168 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,569 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 26%
Hotels & Casinos 6%
Shell
Shops & Services
18,001 visits/mo
0.3 miles
Circle K
Shops & Services
15,836 visits/mo
0.2 miles
Taco Bell
Dining
10,075 visits/mo
0.5 miles
Consumers Credit Union
Shops & Services
3,577 visits/mo
0.2 miles
SUBWAY
Dining
3,420 visits/mo
0.5 miles
Demographics for 49001, MI
21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Access from three roads and CC zoning accompany the existing restaurant improvements.
Where is this conventional restaurant located?
The property is located at 5225 Portage 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: 6,200‑square‑foot restaurant on 1.867 acres; Detached 1,056‑square‑foot storage building; Built in 1976
