Flex Space Building with Overhead
For Sale
$1,450,000
9340 Shaver Road, Portage, MI 49024
Commercial Sale, Portage, MI
Property Size14,589 SF
Lot Size1.59 Acres
Price / SF$99.39
Days on Market241
Property Features for 9340 Shaver Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Broadband
Elementary school district
Portage
Middle school district
Portage
High school district
Portage
Standard status
Active
APN
00028-040-O
Size
14,589 SF
Lot size
1.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
On file.
Tax Annual Amount
23235
Legal Description
On file.
Utilities
Utilities
Cable Available
Heating system
Forced Air, Space Heater
Building Details
Year built
1979
Floors in Building
1
Number of units
1
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Added: Feb 6
Changed: Sep 12
Last Checked: Oct 5 at 11:06PM
MLS# 26004374
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 14,589-square-foot flex space property sits on 1.59 acres and was built in 1979. The multi-tenant configuration supports separate occupancy arrangements, while overhead doors provide functional access for storage, warehousing, light assembly, and contractor-oriented operations. Interior features include broadband availability, with heating provided by space heaters and forced-air systems. The property also includes two bathrooms.
Located at 9340 Shaver Road in Portage, the building is positioned minutes from US-131. Outdoor parking and three-phase power add practical support for industrial users. An adjacent industrial building is also available, allowing operators to consider additional space or a larger combined footprint.
Located at 9340 Shaver Road in Portage, the building is positioned minutes from US-131. Outdoor parking and three-phase power add practical support for industrial users. An adjacent industrial building is also available, allowing operators to consider additional space or a larger combined footprint.
Key Highlights
- 14,589 SF flex space building on 1.59 acres
- Multi‑tenant layout with overhead doors at each suite
- Three‑phase power supports industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,409
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,180
$2.0M
Cap Rate 7%
$1,405,843
$1.4M
Cap Rate 9%
$1,093,433
$1.1M
Market Conditions
NOI Build-Up for 14,589 SF
Gross rent
$161.1K $11.04/SF
− Vacancy
−$9.7K −$0.66/SF
EGI
$151.4K $10.38/SF
− OpEx
−$53.0K −$3.63/SF
NOI
$98.4K $6.75/SF
Area
Kalamazoo County, MI
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,180
Cap Rate 7%
$1,405,843
Cap Rate 9%
$1,093,433
Alternative Uses
Best Use
Warehouse
$3.82M
$3.34M – $4.45M
NOI $267,235 @ 7.0% cap · market cap 18.43%
Second Best
Industrial
$3.14M
$2.75M – $3.67M
NOI $220,076 @ 7.0% cap · market cap 15.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49024, MI
30,332
Population
13,232
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
1,763
Density / Sq Mi
$86,427
Median Household Income
$49,914
Median Earnings
$1,208
Median Rent
$248,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- All Foods to Go Catering — 1807 Vanderbilt Ave, Portage, MI 49024
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant industrial space offers outdoor parking, broadband availability, and three-phase power for varied operational requirements.
Where is this flex space located?
The property is located at 9340 Shaver Road Portage, MI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 14,589 SF flex space building on 1.59 acres; Multi‑tenant layout with overhead doors at each suite; Three‑phase power supports industrial operations
