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    1306 Centre Ave Portage, MI 49002

    Sponsored
    For Sale
    $559,000

    Prime Portage commercial lot, 100K+ sq ft.

    Property size:
    1,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial property, located at 1306 E Centre Avenue in Portage, Michigan, presents a unique investment opportunity. The expansive 100,188 square foot lot offers significant potential for a variety of commercial ventures. Currently designated as special purpose land, this parcel provides ample space for development tailored to specific business needs. The property's size allows for substantial building construction or the creation of a large-scale outdoor operation. Situated in Portage, MI, 49002, this location benefits from convenient access to major roadways and a thriving local economy. With a total land area exceeding 100,000 square feet, this property is ideal for businesses requiring significant space and visibility. The asking price is $559,000. The property is zoned for commercial use and offers a blank canvas for ambitious development plans. Its strategic location in Kalamazoo County, Michigan, ensures strong potential for return on investment. Serious inquiries are encouraged to explore the possibilities this substantial commercial land parcel offers. The property's 1,900 square feet of existing structures may be suitable for renovation or demolition, depending on the intended use. This is a rare opportunity to acquire a large, well-located commercial lot in a desirable Michigan market.

    Property Features for 1306 Centre Ave

    General Information

    Property type
    Land
    Square Feet
    1,900 SF

    HighLights

    • $559,000 asking price.
    • Special purpose commercial land.
    • 1,900 square feet.
    • Zero units.
    • 100,188 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -85.574254
    Latitude
    42.200457

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    FAQs

    What type of property is this?
    Land - Prime Portage commercial lot, 100K+ sq ft.
    Where is this land located?
    The property is located at 1306 Centre Ave Portage, MI.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: $559,000 asking price.; Special purpose commercial land.; 1,900 square feet.
    Request Owner's contact information
    1306 Centre Ave 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
    1306 Centre Ave Portage, MI 49002
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