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    OFF-MARKET
    Commercial land

    1306 Ctr Ave, Portage, MI 49002-4404

    0.54 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-2272081
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gobind Realty LLC · 2 yrs held
    Gobind Realty LLC
    since 2024
    3 recorded transactions
    2024
    2023
    2013
    Zoning & alternative use
    B-1 · Portage, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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