Office Building with Accessibility
New
For Sale
$159,900
5837 Portage Road, Portage, MI 49002
Vacant commercial space features central air, an enclosed front porch, and on-site parking.
Property Size864 SF
Price / SF$185.07
Days on Market4
Property Features for 5837 Portage Road
General Information
Standard status
Active
Size
864 SF
Property subtype
Commercial
Zoning
B-3
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,106
Amenities
ramp for accessibility
central air
enclosed front porch
Building Details
Building Size
864 SF
Year Built
1926
Buildings
1
Stories
864
Units
1
Listing Agency:
Berner Real Estate
(269) 327-0993
Listed By:
Rick Berner
(269) 217-6568
Source:
Yourpremiereproperties
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:29PM
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 Berner Real Estate
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Investment Insights
Based on property information with market context.
This 864-square-foot office building was constructed in 1926 and is currently vacant for immediate occupancy. A ramp provides access to the building, which also has central air, vinyl siding, an enclosed front porch, and a newer roof. The property is zoned B-3 and includes a parking lot.
Located in Portage near Kalamazoo/Battle Creek Airport, the property offers an office configuration with additional existing features including the front porch and accessibility ramp.
Located in Portage near Kalamazoo/Battle Creek Airport, the property offers an office configuration with additional existing features including the front porch and accessibility ramp.
Key Highlights
- 864‑square‑foot office building, built in 1926
- B‑3 zoning
- Accessibility ramp at the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,659
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,180
$173.2K
Cap Rate 7%
$123,700
$123.7K
Cap Rate 9%
$96,211
$96.2K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$12.4K $14.40/SF
− Vacancy
−$896 −$1.04/SF
EGI
$11.5K $13.36/SF
− OpEx
−$2.9K −$3.34/SF
NOI
$8.7K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,180
Cap Rate 7%
$123,700
Cap Rate 9%
$96,211
Alternative Uses
Best Use
Office B
$123.7K
$108.2K – $144.3K
NOI $8,659 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$226.1K
$197.8K – $263.8K
NOI $15,826 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Vacant commercial space features central air, an enclosed front porch, and on-site parking.
Where is this office building located?
The property is located at 5837 Portage Road Portage, MI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 864‑square‑foot office building, built in 1926; B‑3 zoning; Accessibility ramp at the building
