Portage Centre Ave Corridor

Business Opportunity for Sale
Catylist Listing ID: 28245561
Property Subtypes: Office, Real Estate
Building Status: Proposed
Building Size (RSF): 950 SF
Sale Price: $129,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 11/14/2018

Overview / Comments

This property currently rents for $650/month and the home next to it rents for $1000/month. Two separate owners but you could buy both of them and cash flow until the land gets developed.The City of Portage has targeted Centre Avenue as an area of growth. In particular banks, doctors, attorneys and other commercial office buildings are emphasized. Here are two properties side by side equaling 165 feet of frontage on the south side of East Centre. Both properties have existing homes but the land is flat so very little excavating will be required. Now is the time to buy these properties because financing and prices are unlikely to ever be this low again.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Industry Segment: Other Office
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,282 44,332 93,900
Median Age: 41.96 39.05 38.2
Households: 2,314 18,570 39,601
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