8139 Portage Rd, Portage, MI 49002
For Sale
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This vacant, 3,468-square-foot retail storefront at 8139 Portage Road in Portage, Michigan, presents a significant investment opportunity. The property, situated on a substantial 3.85-acre lot, offers considerable expansion potential. Built in 1935 and renovated in 1994, the main building encompasses 2,508 square feet and includes a classroom, office space, and two restrooms. A separate 960-square-foot workshop/garage with two overhead doors is located behind the main structure. Ample parking is available with approximately 9,000 square feet of paved space. The property is zoned B-3 and features two buildings on a single story. The asking price is $349,000, translating to $100.63 per square foot. This prime location on a major retail corridor in Kalamazoo County (zip code 49002) provides excellent visibility and accessibility. The property's size and versatile layout make it suitable for a variety of retail uses. The large lot size allows for future development or expansion. This is a rare opportunity to acquire a substantial retail property in a desirable location. The property is currently vacant, offering immediate occupancy for a new business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.