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Property profile & analytics
FOR SALE
Commercial real estate

8750 Portage Industrial Dr Portage, MI 49024

3,028 SF 0.33 ac lot Built 1945
Entity Owned 5-yr Hold Free & Clear
Property ID
US43-2011574
Property summary
AI-generated overview

This 3,028 square foot commercial building in Portage, MI's Industrial Park presents a compelling investment opportunity. Situated on a 0.33-acre lot, the property boasts convenient access to US-131 via Shaver Road, ensuring excellent visibility and accessibility. The building offers a versatile layout, combining approximately 1,500 square feet of open-concept office space with 1,500 square feet of warehouse space. Office amenities include private offices, meeting rooms, a kitchen, and a handicapped-accessible restroom, catering to a variety of business needs. The warehouse area features four overhead doors, facilitating efficient loading and unloading. Currently generating a stable monthly rental income of $3,200 from multiple tenants, this property is ideal for investors seeking a strong return on investment. The combination of office and warehouse space, coupled with its prime location and existing rental income stream, makes this a highly attractive proposition for both first-time commercial investors and those looking to expand their portfolios. The property's size and layout offer flexibility for a range of potential uses, making it a versatile and valuable asset. The asking price is $320,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Total area 3,028 SF
Lot 0.33 ac (14,375 SF)
Zoning code I-2
APN 10-00021-332-O
UPID US43-2011574
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Management Group LLC · 5 yrs held
Management Group LLC
since 2021
7 recorded transactions
2021
Price N/A
2016
Price N/A
2014
$272,590
2007
$89,500
2006
$57,500
2005
$107,996
2005
$95,425
Zoning & alternative use
I-2 · Portage, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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