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    865 Lenox Ave Portage, MI 49024

    For Lease
    $10 SF/Yr ($7,000 /Mo)

    Portage, MI: Office/Warehouse Opportunity

    Lot size:
    8,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,400 square foot industrial property, situated on 0.92 acres at 865 Lenox Avenue in Portage, Michigan (49024), presents a unique investment opportunity. The single-story, 1974-built building features a mix of traditional office and warehouse space, currently configured as multiple suites. One suite, totaling 1,514 square feet, is immediately available. This prime suite boasts a blend of upscale office amenities, including a kitchenette and private restroom, seamlessly integrated with a warehouse area featuring a convenient outside loading dock. A significant advantage is the inclusion of a 1,000 square foot mezzanine, providing ample storage. The building offers 18-foot ceilings, one drive-in door, and one loading dock, complemented by 10 total parking spaces. The property benefits from 3-phase power and is zoned I-1. Its strategic location near Meijer and Walmart on Lenox Drive provides excellent visibility and accessibility, with convenient access to US-131 and I-94. The remaining 2,700 square feet of vacant space offers additional potential for expansion or leasing. The building's 200-foot frontage ensures high visibility. This versatile property is ideal for businesses requiring a combination of office and warehouse space. The APN is 391000720005O.

    Property Features for 865 Lenox Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,400 SF
    Total Rate
    7000

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,514 SF
    Rate per SF
    $10

    HighLights

    • Private entrance.
    • Portage location.
    • Upscale office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.5986952
    Latitude
    42.1976726

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    FAQs

    What type of property is this?
    Distribution property - Portage, MI: Office/Warehouse Opportunity
    Where is this distribution property located?
    The property is located at 865 Lenox Ave Portage, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Private entrance.; Portage location.; Upscale office space.
    Request Owner's contact information
    865 Lenox Ave Portage, MI 49024
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    Portage, MI 49024
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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
    865 Lenox Ave Portage, MI 49024
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