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    8139 Portage Rd Portage, MI 49002

    Sponsored
    For Sale
    $349,000

    3,468 SF Retail Building, 3.85 Acres

    Property size:
    3,468 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant, 3,468-square-foot retail storefront at 8139 Portage Road in Portage, Michigan, presents a significant investment opportunity. The property, situated on a substantial 3.85-acre lot, offers considerable expansion potential. Built in 1935 and renovated in 1994, the main building encompasses 2,508 square feet and includes a classroom, office space, and two restrooms. A separate 960-square-foot workshop/garage with two overhead doors is located behind the main structure. Ample parking is available with approximately 9,000 square feet of paved space. The property is zoned B-3 and features two buildings on a single story. The asking price is $349,000, translating to $100.63 per square foot. This prime location on a major retail corridor in Kalamazoo County (zip code 49002) provides excellent visibility and accessibility. The property's size and versatile layout make it suitable for a variety of retail uses. The large lot size allows for future development or expansion. This is a rare opportunity to acquire a substantial retail property in a desirable location. The property is currently vacant, offering immediate occupancy for a new business.

    Property Features for 8139 Portage Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,468 SF
    Class
    C
    Lot Size
    167,706 SF

    Building Details

    Year Built/Renovated
    1935/1994
    Buildings
    2
    Stories
    1
    Units
    1

    HighLights

    • Prime Portage retail location on major retail corridor.
    • 3.85‑acre lot with ample expansion potential.
    • 2,508 SF main retail building including classroom, office, and restrooms.
    • 960 SF workshop/garage with two overhead doors.
    • 9,000 SF of on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.5599615
    Latitude
    42.1982583

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    FAQs

    What type of property is this?
    Individual retail property - 3,468 SF Retail Building, 3.85 Acres
    Where is this individual retail property located?
    The property is located at 8139 Portage Rd Portage, MI.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Prime Portage retail location on major retail corridor.; 3.85-acre lot with ample expansion potential.; 2,508 SF main retail building including classroom, office, and restrooms.
    Request Owner's contact information
    8139 Portage Rd Portage, MI 49002
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    Portage, MI 49002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8139 Portage Rd Portage, MI 49002
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