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Financial
Distress signals
Property profile

8939 S Sprinkle Rd Portage, MI 49002

FOR SALE
Commercial land
Property ID
US43-2448223
0.34 ac lot
Last sale Oct 2023 · $35,500
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a vacant corner commercial lot comprising 0.34 acres, located on S Sprinkle Road in Portage, Michigan. It is zoned B3 General Business and is sized to support development of approximately up to 7,000 SF, depending on the approved site plan and layout. The parcel has corner positioning along a commercial corridor, with nearby commercial uses referenced as being close to Best Tire, and it is also noted as being in proximity to Long Lake, with additional nearby access to Austin, Long, and West Lakes.

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.

Debts

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?
$1k
Tax billed · 2019
Assessed value · 2023$21k
Effective rate6.85%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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

Cap rate analysis

How does the asset earn?
255,100.00%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.2
Parking Facility9.8
Electrical Service9.2

Location

8939 S Sprinkle Rd Portage, MI 49002
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
830 Ctr, Portage, MI 49002-5572 $65,000 May 2023 No data
8025 Sprinkle, Portage, MI 49002-5845 $40,000 Jun 2022 No data
377 Kilgore, Portage, MI 49002-0501 $195,000 May 2022 No data
Burdick St Landloc, Portage, MI 49002 $325,000 Oct 2021 No data
1622 Ctr, Portage, MI 49002 $40,000 Dec 2020 No data
8748 Portage, Portage, MI 49002-6414 $75,000 Jun 2020 No data
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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