Financial
Distress signals
Property profile

1256 Ctr Ave Portage, MI 49002

OFF-MARKET
Commercial real estate
Property ID
US43-2122905
5,332 SF 0.72 ac lot Built 1989
Last sale Sep 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 4,092 square foot retail space, located at 1256 E. Centre Avenue in Kalamazoo County, Michigan, presents a unique opportunity for businesses seeking high visibility and strong foot traffic. Currently entirely vacant, the property offers a blank canvas for a variety of retail or restaurant concepts. The building is part of a strip center and boasts an excellent location at the corner of East Centre Avenue and Lovers Lane, benefiting from significant daily traffic counts. East…

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?
$10k
Tax billed · 2019
Assessed value · 2023$314k
Effective rate3.30%

Value estimate

· Sep 2026
$370k
$333k – $407k
Submarket $/SF estimate$752k

Realmo valuation models over county records and 5 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 comparables5

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-1
Intent: The B-1 local business district is designed for low intensity uses providing convenience shopping and service needs of persons re...
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 agency19.4
Wholesale Shop15.1
Law Firm14.2

Location

1256 Ctr Ave Portage, MI 49002-5576
County assessor Recorded deeds · 1 transfer 5 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
8127 Portage, Portage, MI 49002-5723 $425,000 Feb 2025 3,072 SF
7262 Westnedge, Portage, MI 49002-4211 $230,000 Dec 2024 5,243 SF
8817 Portage, Portage, MI 49002-6415 $220,000 May 2024 3,800 SF
8037 Portage, Portage, MI 49002-5721 $1,400,000 Apr 2024 5,755 SF
1209 Milham, Portage, MI 49002-3051 $450,000 Nov 2022 4,909 SF
185 Old Kilgore, Portage, MI 49002-0447 $1,140,000 Jul 2022 4,800 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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