Mixed-Use Property with Overhead
For Sale
Contact for pricing
8204 Portage Road, Portage, MI 49002
Dark-box space offers a customizable setting for restaurant, retail, office, or creative mixed-use occupancy.
Property Size2,890 SF
Price / SF$0.01
Days on Market52
Property Features for 8204 Portage Road
General Information
Standard status
Active
Size
2,890 SF
Property Condition
Severity
Repairs Needed
Evidence
dark box condition
Building Details
Year Renovated
2026
Listing Agency:
Kalamazoo Commercial Real Estate
(269) 888-2755
Listed By:
TJ Ward
(269) 569-4289
Source:
Charterpropertiesgr
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 30 at 2:05PM
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 Kalamazoo Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 2,890-square-foot mixed-use property is in dark-box condition following an expansion in 2026, allowing the interior to be configured for restaurant, retail, office, or other mixed-use purposes. Three overhead doors bring in natural light and can open the building to an indoor-outdoor arrangement. The surrounding land provides parking potential, while the owner is willing to coordinate with a tenant on build-out requirements.
Located at 8204 Portage Road in Portage, Michigan, the property is less than 0.2 miles from Centre Avenue and approximately 1 mile north of West Lake and Austin Lake. The combination of a flexible shell, operable overhead doors, and nearby roadway and lake references supports a range of custom commercial layouts.
Located at 8204 Portage Road in Portage, Michigan, the property is less than 0.2 miles from Centre Avenue and approximately 1 mile north of West Lake and Austin Lake. The combination of a flexible shell, operable overhead doors, and nearby roadway and lake references supports a range of custom commercial layouts.
Key Highlights
- 2,890 SF property expanded in 2026
- Dark‑box condition supports a custom interior build‑out
- Three overhead doors provide natural light and indoor‑outdoor flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,931
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,620
$398.6K
Cap Rate 7%
$284,729
$284.7K
Cap Rate 9%
$221,456
$221.5K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$34.7K $12.00/SF
− Vacancy
−$6.2K −$2.15/SF
EGI
$28.5K $9.85/SF
− OpEx
−$8.5K −$2.96/SF
NOI
$19.9K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,620
Cap Rate 7%
$284,729
Cap Rate 9%
$221,456
Alternative Uses
Best Use
Mixed Use
$427.3K
$373.9K – $498.5K
NOI $29,912 @ 7.0% cap · market cap 135,963.64%
Second Best
Specialty Retail
$387.3K
$338.9K – $451.9K
NOI $27,114 @ 7.0% cap · market cap 123,245.45%
Theoretical Best
Warehouse
$756.3K
$661.7K – $882.3K
NOI $52,938 @ 7.0% cap · market cap 240,627.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
20,003 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Dark-box space offers a customizable setting for restaurant, retail, office, or creative mixed-use occupancy.
Where is this mixed-use property located?
The property is located at 8204 Portage Road Portage, MI.
What are key features of this property?
This property features: 2,890 SF property expanded in 2026; Dark‑box condition supports a custom interior build‑out; Three overhead doors provide natural light and indoor‑outdoor flexibility
