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
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.
More Information MLS# 23013885
Location & Property Info
Modifier: 5147
Cross Streets: Airview & Kilgore Svc
Property Sub-Type: Retail
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 262.19
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 355 x Irregular
Road Frontage: 355
Waterfront: No
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 5721
School District: Portage
Lot Measurement: Acres
Lot Acres: 1.83
Lot Square Footage: 79584
Year Built: 1964
Full Baths: 2
Tax Info
Taxable Value: 358490
SEV: 474900
For Tax Year: 2023
Seller's Annual Property Tax: 23298
Tax Year: 2022
Homestead %: 0
Spec Assessment & Type: None known.
Zoning: CC
Tax ID #: 10-02-215-006
Remarks & Misc
Legal: Two legals on file.
Status Change Info
Sold Price/SqFt: 174.79
Under Contract Date: 2023-06-12
Sold Date: 2024-09-13
Sold Price: $1,000,000
Street Type
Paved: 1
Public: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Septic Tank: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Restaurant: 1
Retail: 1
Construction Type
Frame/Wood: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Non-Applicable: 1
Additional Features
Bath Common Area: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Driveway
Paved: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Location Property Info
County: Kalamazoo
Street #: 5135
Street Name: Portage
Suffix: Road
State: MI
Zip Code: 49002
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Sold
Current Price: $1,000,000
List Price: $1,500,000
Listing Date: 2023-03-27
Remarks Misc
Directions: From I-94, south on Portage Road Exit 78.
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
Last Updated: September - 16 - 2024
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