$2,650,000
Portage, MI 49002
MLS# 23000254
Status: Sold
30750 sqft
1 / 32
Property Description
Quality office/warehouse building located in a quiet business park setting immediately off Sprinkle Rd on Commercial Ave within the City of Portage. Zoned for cannabis. Positioned minutes to the Kalamazoo-Battle Creek Int. Airport, I-94, and the campuses of Pfizer & Stryker. The owner recently renovated the majority of the top office level into a modern Class A suite. The 1st floor office is efficiently laid out with two (2) lab areas, private offices, conference space, and bullpen. There is a warehouse area attached to the 1st floor office space with an overhead door system. A multi-year NNN lease is in-place on the back warehouse unit, which measures 5,000 SF. Owner will consider sale of just the 1st floor office unit (subject to municipal approvals) measuring 11,500 SF for $899K.
Details
Location & Property Info
Cross Streets: Commercial Ave & -
Property Sub-Type: Industrial
Area: Greater Kalamazoo - K
Municipality: Portage City
Subdivision: Portage Commerce Park
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 94.31
Prop Avail for Lease?: Yes
Current Bldg Use: Office/Warehouse
General Property Info
New Construction: No
Lot Dimensions: 261 x 466.73
Road Frontage: 261
Mineral Rights: Unknown
Waterfront: No
Year Remodeled: 2021
Total # Units: 4
Total # Bldgs: 1
# Fin Bldg Lvls: 2
Total SqFt: 30750
Total Net SqFt: 30750
Property Use Type: Vacant/Owner-User
School District: Portage
Lot Measurement: Acres
Lot Acres: 2.8
Lot Square Footage: 121968
Year Built: 1999
Full Baths: 5
Tax Info
Taxable Value: 641802
SEV: 886600
For Tax Year: 2022
Seller's Annual Property Tax: 1
Tax Year: 2022
Homestead %: 0
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: I-1
Tax ID #: 06440-007-O
Remarks & Misc
Public Remarks: Quality office/warehouse building located in a quiet business park setting immediately off Sprinkle Rd on Commercial Ave within the City of Portage. Zoned for cannabis. Positioned minutes to the Kalamazoo-Battle Creek Int. Airport, I-94, and the campuses of Pfizer & Stryker. The owner recently
renovated the majority of the top office level into a modern Class A suite. The 1st floor office is efficiently laid out with two (2) lab areas, private offices, conference
space, and bullpen. There is a warehouse area attached to the 1st floor office space with an overhead door system. A multi-year NNN lease is in-place on the back warehouse unit, which measures 5,000 SF. Owner will consider sale of just the 1st floor office unit (subject to municipal approvals) measuring 11,500 SF for $899K.
Legal: On file.
Status Change Info
Sold Price/SqFt: 86.18
Under Contract Date: 2023-01-27
Sold Date: 2023-03-08
Sold Price: $2,650,000
Waterfront Options
Water Access Y/N: No
Additional Details
# Loading Docks/Well: 2
Total Parking Spaces: 69
Grd Lvl OH Doors: 2
Passenger Elevators: 1
Property Use
Vacant/Owner-User: 1
Utilities Attached
Electricity Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Distribution: 1
Institutional: 1
Manufacturing: 1
Professional Service: 1
Professional/Office: 1
Storage: 1
Other: 1
Construction Type
Steel: 1
Exterior Material
Metal Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Other: 1
Business Includes
Non-Applicable: 1
Additional Features
Fire Sprinkler: 1
Foundation
Slab: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Driveway
Asphalt: 1
Docs Req Conf Agrmnt
Environmental Reports: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kalamazoo
Street #: 4250
Street Name: Commercial Avenue
Suffix: Avenue
State: MI
Zip Code: 49002
OfficeContract Info
Status: Sold
Current Price: $2,650,000
List Price: $2,900,000
Listing Date: 2023-01-04
Remarks Misc
Directions: I-94, Sprinkle Rd exit, south to Commercial Avenue
Property Features
Property Use: Vacant/Owner-User
Uses: Distribution; Institutional; Manufacturing; Professional Service; Professional/Office; Storage; Other
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Steel
Exterior Material: Metal Siding
Foundation: Slab
Below Grade: None
Additional Features: Fire Sprinkler
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity 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: Asphalt
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo; Other
Docs Req Conf Agrmnt: Environmental Reports
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Possession: Subject To Tenant Rights
Listing Office: NAI Wisinski of West Michigan
Listing Agent: Kara Schroer
Last Updated: March - 15 - 2023
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.