5135 Portage Road $1,500,000

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    5135 Portage Road Kalamazoo, MI 49002

    • 1.83 Acres
    • Commercial
    • MLS# 23013885
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    Views: 110 Days On Site: 370

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    Property Details

    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.

    • General Features
      • Year Built 1964
      • New Construction Y/N false
      • Business Type Restaurant,Bar/Tavern/Lounge,Retail
      • County Or Parish Kalamazoo
      • Property Sub Type Retail/Commercial
      • Tax Annual Amount 23298.0
    • Building Features
      • Cooling Central Air
      • Cooling Y/N true
      • Construction Materials Vinyl Siding
      • Roof Composition
      • Number Of Units Total 1
      • Heating Y/N true
      • Heating Forced Air
      • Full Bathrooms 2
      • Bathrooms 2
      • Sewer Septic System
    • Property Features
      • Lot Size Acres 1.83
      • Lot Size Area 1.83
      • Number Of Buildings 1
      • Utilities Telephone, Public Water, Public Sewer
      • Water Source Public
      • Waterfront Y/N false
    • Schools
      • High School District Portage

    Contact

    Shanpreet Multani

    Sales Associate

    RE/MAX Real Estate Professionals

    Direct: 517-215-6238

    Neighborhood

    49002 (Kalamazoo) Demographics

    37 Median Age
    1,009 Population Density (per sq. mile)
    49% College Educated
    $63,177 Estimated Median Income
    5,860 Estimated Total Home Owners
    2,499 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    20,619 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $289,950 Median Sales Price
    36 Homes Sold
    41 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,500,000
        5/3/2023 5:14:00 PM New in Database Source: Multiple Listing Service New Value: $1,500,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.