5135 5147 Portage Road, Kalamazoo, MI 49002 (MLS# 23013885)

5135 5147 Portage Road, Kalamazoo, MI 49002

$1,000,000
Property Type: Commercial Sale Square Footage: 5,721 Lot Size (sq. ft.): 79,584 Status: Sold
Current Price: $1,500,000 List Date: 5/03/2023 Last Modified: 9/16/2024

Overview

Description

This exceptional retail redevelopment site, previously known as Brewster's Restaurant, boasts a prime location visible from the I-94 overpass, which is located just an 1/8 mile from the highway. Construction is schedule for completion, June 2023. This site has approximately 355' lineal feet of frontage on Portage Rd and 295' lineal feet on Airview Blvd, making it accessible to potential customers. If a user is looking for an existing building, the current building on site is 5,721 SF and offers ample parking. This strategic location provides an unparalleled opportunity for any retail development. The excellent demographics and high traffic counts in the area make this site a great investment opportunity for developers seeking a prime location in which to establish a retail presence.

Listing Details MLS# 23013885

Location Property Info

County
Kalamazoo
Street #
5135
Street Name
Portage
Suffix
Road
State
MI
Zip Code
49002

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
1.83
Lot Square Footage
79584
Lot Dimensions
355 x Irregular
Year Built
1964
Road Frontage
355
Total # Units
Yes
# Fin Bldg Lvls
Yes
Total # Bldgs
Yes
Total SqFt
5721
Full Baths
2
Waterfront
No
School District
Portage

Tax Info

Tax ID #
10-02-215-006
Taxable Value
358490
SEV
474900
For Tax Year
2023
Seller's Annual Property Tax
23298
Tax Year
2022
Spec Assessment & Type
None known.
Zoning
CC
Homestead %
0

Remarks Misc

Directions
From I-94, south on Portage Road Exit 78.

Status Change Info

Under Contract Date
2023-06-12
Sold Date
2024-09-13
Sold Price/SqFt
174.79

More Information

Location & Property Info

Modifier
5147
Cross Streets
Airview & Kilgore Svc
Property Sub-Type
Retail
Area
Greater Kalamazoo - K
Municipality
Kalamazoo City

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
262.19
Prop Avail for Lease?
No

Remarks & Misc

Legal
Two legals on file.

Street Type

Paved
Yes
Public
Yes

Utilities Attached

Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes

Sewer

Public Sewer
Yes
Septic Tank
Yes

Water

Public Water
Yes

Uses

Bar/Tavern/Lounge
Yes
Restaurant
Yes
Retail
Yes

Construction Type

Frame/Wood
Yes

Exterior Material

Vinyl Siding
Yes

Roofing

Composition
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Forced Air
Yes

Air Conditioning

Central Air
Yes

Business Includes

Non-Applicable
Yes

Additional Features

Bath Common Area
Yes

Util Avail at St

Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes

Driveway

Paved
Yes

Send to Econ Dev Org

MEDC
Yes
SWMI First, Region 5
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Property Features

Uses: Bar/Tavern/Lounge; Restaurant; Retail Business Includes: Non-Applicable Construction Type: Frame/Wood Exterior Material: Vinyl Siding Roofing: Composition Additional Features: Bath Common Area Sewer: Public Sewer; Septic Tank Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5
Listing Office: Kalamazoo Commercial Real Estate
Listing Agent: Jeff Chrystal
IDX
Last Updated: September - 16 - 2024
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.