Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Portage, MIIntent: 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Portage, MI.
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Find the owner behind the property.
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