5402 Portage Rd, Portage, MI 49002
For Sale
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This exceptional 7,734-square-foot retail or restaurant property in Portage, Michigan, presents a unique investment opportunity. Located on a signalized corner with excellent visibility, this single-tenant building boasts a prime location just one-third of a mile south of the I-94 Portage Road interchange and across from the Kalamazoo/Battle Creek International Airport. Built in 1967 and renovated in 1992, the property features a spacious layout, including a fully equipped commercial kitchen with a capacity exceeding 200 and a custom wood-fired pizza oven. All restaurant furniture, fixtures, and equipment (FF&E) are included, with a detailed list available upon request. The property also includes an outdoor patio, ample parking with over 100 spaces, and exceptional signage opportunities. The 0.72-acre lot (31,575 square feet) offers potential for expansion or additional development. The building can be easily divided into two approximately 3,500-square-foot suites, providing flexibility for multiple tenants. An adjacent outlot is also available for lease. The property is zoned C201 and has a Kalamazoo County APN of 5402 & 5426
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Portage, MIPortage. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.