Financial
Distress signals
Property profile

218 Gladys St Portage, MI 49002

OFF-MARKET
Other commercial real estate
Property ID
US43-2254095
1,818 SF 0.4 ac lot Built 1953
Last sale Jan 2026 · $265,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A remodeled office building in Portage, Michigan, with approximately 1,818 square feet of office space on a 0.4-acre lot. The property was remodeled in 2021 and includes a replaced metal roof, updated interior finishes such as carpet and laminate flooring, and improvements including a kitchen, furnace, and mini-split heating and cooling system. The layout features five offices and a full basement that provides substantial storage capacity. The building has ample parking areas at both the front and rear.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$6k
Tax billed · 2019
Assessed value · 2023$98k
Effective rate6.40%

Value estimate

· Sep 2026
$165k
$149k – $182k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$131/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$58 – $181
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3
Intent: The B-3 general business district is designed to provide sites for more diversified businesses and are often located to serve pas...
General categoryCOMMERCIAL
JurisdictionKALAMAZOO

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.3
Kitchen & Bath10.1
Laundry Service9.8

Location

218 Gladys St Portage, MI 49002-2919
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2176 Ctr, Portage, MI 49002-4420 $569,000 May 2025 2,492 SF
5859 Sprinkle, Portage, MI 49002-9713 $80,000 Jan 2024 1,536 SF
2725 Milham, Portage, MI 49002-1740 $300,000 Jan 2024 2,400 SF
5000 Sprinkle, Portage, MI 49002-2050 $302,002 Jun 2023 1,760 SF
609 Ctr, Portage, MI 49002-5514 $210,000 Feb 2023 1,632 SF
9917 Portage, Portage, MI 49002-7258 $75,000 Nov 2022 1,323 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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