Current Use by Public Records
- Industrial properties
Property Details for 8314 Portage St
- Year built
- 1919
- Lot size
- 0.35 lot acres
- Property type
- Industrial properties
Description
This exceptional 3,912 square foot industrial property in Portage, MI, presents a unique investment opportunity. Located at 8314 Portage Road, this freestanding building sits on a 0.35-acre lot and boasts 21 parking spaces, along with highly visible pylon signage on a major thoroughfare. The property enjoys a prime location on a road with over 50,000 vehicles passing daily, surrounded by established national and local businesses, ensuring maximum visibility and foot traffic. Currently operating as a successful adult-use provisioning center, this location generated nearly $3.3 million in revenue over the past 12 months, demonstrating strong profitability. The sale includes the real estate and the existing business. There's also a potential to acquire an adjacent 0.36-acre parcel (8312 Portage Road) with a 928 square foot building, offering expansion possibilities for parking or additional business space, as indicated by the existing concept site plan. This turnkey operation offers a rare chance to own a well-established, high-performing business in a highly desirable location. The price for the main property is $999,888, with the adjacent parcel available for separate negotiation. This is a remarkable opportunity for an investor seeking a profitable, established business with significant growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.5612
- Latitude
- 42.1963
