4250 Commercial Avenue Avenue, Portage, MI 49002 (MLS# 23000254)

4250 Commercial Avenue Avenue, Portage, MI 49002

$2,650,000

Property Type: Commercial Sale Square Footage: 30,750 Lot Size (sq. ft.): 121,968 Status: Sold

Current Price: $2,650,000 List Date: 1/04/2023 Last Modified: 3/15/2023

Overview

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.

Listing Details MLS# 23000254

Location Property Info

County: Kalamazoo
Street #: 4250
Street Name: Commercial Avenue
Suffix: Avenue
State: MI
Zip Code: 49002

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 2.8
Lot Square Footage: 121968
Lot Dimensions: 261 x 466.73
Year Built: 1999
Road Frontage: 261
Mineral Rights: Unknown
Year Remodeled: 2021
Total # Units: 4
# Fin Bldg Lvls: 2
Total # Bldgs: Yes
Total SqFt: 30750
Total Net SqFt: 30750
Property Use Type: Vacant/Owner-User
Full Baths: 5
Waterfront: No
School District: Portage

Tax Info

Tax ID #: 06440-007-O
Taxable Value: 641802
SEV: 886600
For Tax Year: 2022
Seller's Annual Property Tax: Yes
Tax Year: 2022
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: I-1

Remarks Misc

Directions: I-94, Sprinkle Rd exit, south to Commercial Avenue

Status Change Info

Under Contract Date: 2023-01-27
Sold Date: 2023-03-08
Sold Price/SqFt: 86.18

More Information

Additional Details

# Loading Docks/Well: 2
Total Parking Spaces: 69
Grd Lvl OH Doors: 2
Passenger Elevators: Yes

Waterfront Options

Water Access Y/N: No

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

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