3103 & 3121 PORTAGE STREET - LoopNet...County Kalamazoo BUILDING INFORMATION Free Standing Yes Total...

Broker AssociateD. [email protected]

HARRY BELL

3103 & 3121 PORTAGE STREETK A L A M A Z O O , M I 4 9 0 0 1

E X C L U S I V E L A N D I N V E S T M E N T O P P O R T U N I T Y

• 2 •MORE INFORMATION AVAILABLE

BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]

HARRY BELL

PROPERTY OVERVIEWPrime retail site available in the core retail trade area of Kalamazoo. The 1.18 acre site is located at the signaledintersection of Portage Rd and Cork St. The site is ideally located with over 228 feet of frontage on one of thebusiest roads in Kalamazoo and exposure to over 31,787 vehicles per day. The parcel has excellent visibility andaccess off one of the main arterials and is in close proximity to the airport and the interstate. The property isthe ideal site for a multi-tenant retail pad, freestanding retail building, fast food restaurant, pharmacy, bank,gas station, or a variety of retail uses. There are currently two buildings on the front parcels which are zonedcommercial and there are two houses on the back parcels which are zoned residential. All utilities are currentlyavailable at the site. The owner has previously been in discussions with the city on having the back two parcelschanged to commercial zoning and it was perceived well by the city, subject to site plan and city approval.

The site is ideally located within the community and is within a mile from the airport and I-94. The property iswithin close proximity to several national retailers and restaurants which include SkyZone, Meijer, Lowe's,Earth Fare, TJ Maxx, Tuesday Morning, Petco, Five Below, Hobby Lobby, Aldi, Dick's Sporting Goods, JoAnnFabrics, Chili's, O'Reilly, AutoZone, Bravo! Restaurant, McDonald's, Biggby Coffee, Taco Bell, Subway, JimmyJohn's, Qdoba, Dairy Queen, several national hotel chains, and many others.

PROPERTY HIGHLIGHTS• Located on the high trafficked Portage Rd and Cork Street

• Ideally located with 228 feet of frontage on Portage Rd and close access to I-94

• Excellent visibility and easy access with traffic counts in excess of 31,787 vehicles per day

• Ideal site for a retail pad, restaurant, pharmacy, bank, gas station, auto shop, or other retail user

• Owner will consider selling the parcels or a ground lease

• Owner contiguous to the site on the corner is willing to sell, the combined acreage would give the user 1.47+/-

acres

PROPERTY SUMMARY

Property Type: Retail , Office, Special Use,Residential Investment Property

Lot Size: 1.18+/- Acres

Zoning: CN-1 & RS-5

Cross Streets: Portage Rd & Cork Street

Traffic Count: 31,787

3103 & 3121 PORTAGE STREETKALAMAZOO, MI 49001

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3121 Portage Rd Front View off Portage

3121 Portage Rd View off Pasadena Entrance Property view at corner of Portage & Cork


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3103 Portage St - View of parking lot and back of building facing Reycraft 3103 Portage St - View off of Portage Rd

1126 & 1132 Reycraft Drive Residential Properties


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HARRY BELL

SALE PRICE SUBJECT TO OFFER;ASKING PRICE $800,000

LEASE RATE NEGOTIABLE; GROUND LEASE OR BTS

LOCATION INFORMATION

Street Address3103 & 3121 Portage Street

1126 & 1132 Reycraft Drive

City, State, Zip Kalamazoo, MI 49001

County Kalamazoo

BUILDING INFORMATION

Free Standing Yes

Total Buildings: 4

PROPERTY INFORMATION

APN #'S 06-26-368-031, 06-26-374-002,

06-26-369-028, 06-26-369-029

Lot Frontage 228 ft

Traffic Count 31787

UTILITIES & AMENITIES

Central HVAC Yes

PROPERTY INFORMATION:

3121Portage

Formerly the Stanley Steemer carpet cleaning office prior to the businessrelocating to a new location in July 2019. The building has 3,263 SF of

Garage/service/Fleet Service, 1,483 SF of office and residential livingspace, 2 bathrooms, and a backyard space. The facility could be concerted

to another warehouse/commercial office space with a studio apartmentattached or a similar use. Ample parking in front of the building for

customers and behind the property for employees. Zoned Commercial

3103PortageSt

The 3103 Portage St property sits on the corner of Reycraft and Portagewith excellent visibility to the highly trafficked Portage Rd. The property is

beautifully landscaped and is the ideal office building location with theoption to have a portion as a residential living space or studio. The

building is +/- 1,608 SF and sits on .3 acres with 3 bedrooms, 2 baths, andample employee parking on the backside of the property. Zoned

Commercial.

1126ReycraftDriv

1126 Reycraft Drive is a residential rental property that sit on the backsideof the properties. The properties would be excellent residential rental

properties for passive income.

1132ReycraftDrive

1132 Reycraft Drive e backside of the properties. The properties would be e


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L O C A T I O N M A P S

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* Demographic data derived from 2010 US Census

1 Mile 3 Miles 5 Miles

Total Population 8,332 61,316 151,465Population Density 2,652 2,169 1,929Median Age 31.5 32.0 32.0Median Age (Male) 31.2 30.4 30.5Median Age (Female) 31.9 33.7 33.6Total Households 3,333 25,210 60,396# of Persons Per HH 2.5 2.4 2.5Average HH Income $41,513 $47,871 $50,570Average House Value $94,303 $112,448 $133,646


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D E M O G R A P H I C S R E P O R T

F O R S A L E

1 MILE 3 MILES 5 MILES

Total population - Hispanic 932 / 11.2% 4,534 / 7.4% 8,356 / 5.5%


Total households 3,333 25,210 60,396

Total persons per hh 2.5 2.4 2.5

Average hh income $41,513 $47,871 $50,570

Average house value $94,303 $112,448 $133,646


Total population - White / % White 5,916 / 71.0% 45,846 / 74.8% 114,096 / 75.3%

Total population - Black / % Black 1,806 / 21.7% 11,321 / 18.5% 26,642 / 17.6%

Total population - Asian / % Asian 116 / 1.4% 1,084 / 1.8% 3,405 / 2.2%

Total population - Hawaiian / % Hawaiian 0 / 0.0% 0 / 0.0% 28 / 0.0%

Total population - Indian / % Indian 5 / 0.1% 459 / 0.7% 838 / 0.6%

Total population - Other / % Other 159 / 1.9% 647 / 1.1% 2,303 / 1.5%


Total population 8,332 61,316 151,465

Median age 31.5 32.0 32.0

Median age (male) 31.2 30.4 30.5

Median age (female) 31.9 33.7 33.6

* Demographic data derived from 2010 US Census

3103 & 3121 PORTAGE STREET - LoopNet...County Kalamazoo BUILDING INFORMATION Free Standing Yes Total...

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