8750 Portage Industrial DrPortage, MI 49024

Property Details for 8750 Portage Industrial Dr

Year built

1945

Lot size

0.33 AC

Property size (Sq ft)

3,028 SF

Zone code

I-2

Property type

Other commercial real estate

APN

10-00021-332-O

APU

1000021332O

Description

This 3,028 square foot commercial building in Portage, MI's Industrial Park presents a compelling investment opportunity. Situated on a 0.33-acre lot, the property boasts convenient access to US-131 via Shaver Road, ensuring excellent visibility and accessibility. The building offers a versatile layout, combining approximately 1,500 square feet of open-concept office space with 1,500 square feet of warehouse space. Office amenities include private offices, meeting rooms, a kitchen, and a handicapped-accessible restroom, catering to a variety of business needs. The warehouse area features four overhead doors, facilitating efficient loading and unloading. Currently generating a stable monthly rental income of $3,200 from multiple tenants, this property is ideal for investors seeking a strong return on investment. The combination of office and warehouse space, coupled with its prime location and existing rental income stream, makes this a highly attractive proposition for both first-time commercial investors and those looking to expand their portfolios. The property's size and layout offer flexibility for a range of potential uses, making it a versatile and valuable asset. The asking price is $320,000.

• Alternative Use

  Use

  Valuation

  Residential

  $651,869

  Hospitality

  $597,109

  Educational

  $496,787

  Medical

  $513,873

  Retail

  $772,780

Location Insight

City

Portage

County

Kalamazoo

State

Michigan

Latitude

42.1899

Longitude

-85.5989

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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