1116 W Centre Avenue

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1116 W Centre Avenue

Portage, MI 49024
Asking Price
$489K
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront property spanning 8,500 square feet of total space.
  • Located in the established commercial submarket of Portage, Michigan.
  • The property is available for purchase at an asking price of $489,000.
  • Well-suited for business owners requiring functional retail or service space.
  • Strategic placement within the greater Kalamazoo metropolitan region's primary retail corridor.

What's Special

Portage serves as a significant commercial hub within the Kalamazoo metropolitan area, benefiting from steady economic activity and proximity to major regional transit corridors. This 8,500 square foot retail storefront located at 1116 W Centre Avenue positions a business within this established suburban market. The layout and sizing of the asset make it suitable for a range of retail operations, including service-based storefronts, boutique goods, or neighborhood-focused specialty shops. Investors and owner-occupiers alike will recognize the potential utility of this property given its placement in a well-traveled portion of the city. The structure is well-suited for businesses looking to establish a permanent presence in a stable Michigan market that supports diverse commercial needs and consistent consumer traffic patterns. This asset provides a functional footprint for retailers requiring flexibility in configuration to meet specific operational requirements while maintaining access to the broader local demographic.

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NOI
$80,000
Cap Rate
16.36%
DSCR
2.76
Strong
Cash-on-Cash
34.74%
Monthly Payment
$2,419.305
Annual Cash Flow
$50,968.338

Location & Travel Times