5402 Portage Road, Portage, MI 49002 (MLS# 20024775)

5402 Portage Road, Portage, MI 49002

$990,000

Property Type: Commercial Sale Square Footage: 7,734 Lot Size (sq. ft.): 77,537 Status: Sold

Current Price: $1,250,000 List Date: 1/23/2021 Last Modified: 11/25/2022

Description

Formally known as Bravo! Restaurant and Cafe, this amazing property, just 1/3 mile south of the I-94/Portage Road Interchange, sits on a major retail corridor across from the Kalamazoo/Battle Creek International airport, at a signalized corner. This property is 1.78 Acres and features a 7,734 SF building, with a 200+ capacity. It also includes a full kitchen, with wood fired pizza oven, all restaurant FF&E (list available upon request), outdoor patio, 100+ parking spaces, and a liquor and brew pub license. The sale does not include the business or personal artwork. The owners will provide limited financial information to qualified parties, upon request. Parcels (4): 5402 & 5426 Portage Road 2328 & 2406 Helen Avenue

More Information MLS# 20024775

Location Property Info

County: Kalamazoo Street #: 5402 Street Name: Portage Suffix: Road State: MI Zip Code: 49002 Area: Greater Kalamazoo - K

OfficeContract Info

Status: Sold Current Price: $990,000 List Price: $1,250,000 Listing Date: 2020-06-08

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 1.78 Lot Square Footage: 77537 Lot Dimensions: Irregular Year Built: 1967 Road Frontage: 316 Year Remodeled: 1992 Total # Units: 1 # Fin Bldg Lvls: 1 Total # Bldgs: 1 Total SqFt: 7734 Full Baths: 3 Waterfront: No School District: Portage

Tax Info

Tax ID #: 391002320057O Taxable Value: 496038 SEV: 631700 For Tax Year: 2021 Seller's Annual Property Tax: 31650.11 Tax Year: 2020 Spec Assessment & Type: N/A Zoning: B-3

Remarks Misc

Directions: 0.4 miles south of the I-94/Portage Road Interchange on the west side of Portage Road

Status Change Info

Under Contract Date: 2021-08-18 Sold Date: 2022-03-03 Sold Price: $990,000 Sold Price/SqFt: 128.01

Additional Details

Total Parking Spaces: 108

Property Features

SqFt Information: Security System Uses: Bar/Tavern/Lounge; Restaurant; Retail Business Includes: Equipment; Furniture; Inventory; Licenses; Real Estate Construction Type: Block Exterior Material: Brick Roofing: Rubber Below Grade: None Additional Features: Fire Sprinkler; Outdoor Storage Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced 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: Andrew Gyorkos

Last Updated: November - 25 - 2022

5402 Portage Road, Portage, MI 49002- MLS# 20024775

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