246 Kilgore Rd 3, Portage, MI 49002-0507
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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