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: $1,000,000 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

Last Updated: September - 16 - 2024

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