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    OFF-MARKET
    Office Spaces

    246 Kilgore Rd 3, Portage, MI 49002-0507

    1.48 ac lot
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-2499002
    Property summary
    AI-generated overview

    This exceptional 9,832-square-foot single-story office building is ideally situated in Portage, Michigan, at 246 E Kilgore Rd, and presents a fantastic investment opportunity. Built in 1980 and renovated in 2007, the property boasts a desirable location with convenient access to Westnedge amenities, I-94, and the Kalamazoo-Battle Creek International Airport. The building sits on a 1.48-acre lot (APN: 06-12-305-431) and offers ample parking, exceeding 40 spaces—a 4:1,000 sq ft ratio. The property is zoned OS-1 and features prominent monument signage on Kilgore Road, ensuring high visibility. The well-maintained building is currently move-in ready and presents a potential for subdivision into two units. There's also excess land south of the building, allowing for potential expansion of the parking lot or the addition of a smaller structure. Enjoy the proximity to the Portage Bi-Centennial Trail for recreational opportunities. The asking price is $975,000, translating to $99.17 per square foot. This represents a compelling opportunity for a business seeking a well-located, functional, and expandable office space.

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Lot 1.48 ac (64,469 SF)
    APN 10-00003-030-C
    UPID US43-2499002
    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
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    by Request
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    Owner & transaction history
    Stout & Vliestra Holdings LLC · 1 yrs held
    Stout & Vliestra Holdings LLC
    since 2024
    2 recorded transactions
    2024
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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