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

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

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: 1 # Fin Bldg Lvls: 1 Total # Bldgs: 1 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

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: $1,000,000 Sold Price/SqFt: 174.79

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

5135 5147 Portage Road, Kalamazoo, MI 49002- MLS# 23013885

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