Property profile

1306 Ctr Ave Portage, MI 49002

OFF-MARKET
Commercial land
Property ID
US43-2272081
0.54 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1306 E Centre Avenue in Portage, Michigan, presents a unique investment opportunity. The expansive 100,188 square foot lot offers significant potential for a variety of commercial ventures. Currently designated as special purpose land, this parcel provides ample space for development tailored to specific business needs. The property's size allows for substantial building construction or the creation of a large-scale outdoor operation. Situated in Portage, MI, 49002, this location benefits from convenient access to major roadways and a thriving local economy. With a total land area exceeding 100,000 square feet, this property is ideal for businesses requiring significant space and visibility. The asking price is $559,000. The property is zoned for commercial use and offers a blank canvas for ambitious development plans. Its strategic location in Kalamazoo County, Michigan, ensures strong potential for return on investment. Serious inquiries are encouraged to explore the possibilities this substantial commercial land parcel offers. The property's 1,900 square feet of existing structures may be suitable for renovation or demolition, depending on the intended use. This is a rare opportunity to acquire a large, well-located commercial lot in a desirable Michigan market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.54 ac (23,522 SF)
Zoning code B-1
APN 10-00022-040-O
UPID US43-2272081

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1306 Ctr Ave Portage, MI 49002-4404
Portage metro Census 2104 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2013
Price N/A

Zoning & alternative use

B-1 · Portage, MI
Zoning description

Intent: The B-1 local business district is designed for low intensity uses providing convenience shopping and service needs of persons residing in neighboring residential areas or to provide a transitional zone between d…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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