8314 Portage St Portage, MI 49002
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.