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    642 Portage St Kalamazoo, MI 49007

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Retail Space, 14,000 SF Available

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail development opportunity in downtown Kalamazoo, Michigan, presents 14,000 square feet of vacant space within a single-story, 14,000-square-foot building situated on a 1.46-acre lot. The property boasts 100 parking spaces, making it highly convenient for customers and employees. Divisible into units ranging from 1,500 to 5,500 contiguous square feet, this site offers flexibility for multiple tenants. Its strategic location at the corner of Portage Street and Crosstown Parkway provides unparalleled visibility and accessibility. The property benefits from its proximity to key institutions, including the Western Michigan University School of Medicine, Kalamazoo Valley Community College's Culinary Institute, and Bronson Hospital, ensuring a high volume of foot traffic and potential clientele. Zoned LW2, this site allows for diverse commercial development options, catering to a wide range of businesses seeking to capitalize on the vibrant downtown Kalamazoo environment. This development represents a significant opportunity to be part of the ongoing revitalization of Kalamazoo's urban core. The property is located at 642 Portage Street, Kalamazoo, MI 49007.

    Property Features for 642 Portage St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF
    Class
    A
    Total Rate
    23275

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 4
    Size
    5,500 SF
    Rate per SF
    $19
    Space
    Available Space 1
    Size
    1,500 SF
    Rate per SF
    $19
    Space
    Available Space 2
    Size
    3,000 SF
    Rate per SF
    $19
    Space
    Available Space 3
    Size
    4,000 SF
    Rate per SF
    $19

    HighLights

    • New retail development in downtown Kalamazoo.
    • Prime location near WMU School of Medicine, KVCC Culinary Institute, and Bronson Hospital.
    • LW2 (Live Work 2) zoning.
    • Ideal for retail, office, or residential uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    On the Rocks Convenience Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.57510313
    Latitude
    42.28569602

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 14,000 SF Available
    Where is this retail property located?
    The property is located at 642 Portage St Kalamazoo, MI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: New retail development in downtown Kalamazoo.; Prime location near WMU School of Medicine, KVCC Culinary Institute, and Bronson Hospital.; LW2 (Live Work 2) zoning.
    Request Owner's contact information
    642 Portage St Kalamazoo, MI 49007
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    Kalamazoo, MI 49007
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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
    642 Portage St Kalamazoo, MI 49007
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