4109 Portage St - Bank FOR SALE


Kalamazoo, MI 49001- Millwood
$399,000 USD
269-207-1040
4109 Portage St, Kalamazoo, MI for Sale
$399,000 USD
Bank - FOR SALE
1/3
null | Request Cap Rate

4109 Portage St
Kalamazoo, MI 49001
Millwood


HIGHLIGHTS

  • 3,226 SF former bank branch w/basement & approx. 702 SF 4-lane drive-thru
  • Situated on 0.62-acre corner parcel with approx. 132’ of frontage on Portage St. & approx. 205’ of frontage on Golfview Ave.
  • Built in 1951 - renovated in 1990
  • Existing floor plan offers large lobby/ customer service area, multiple private offices, vault room, unisex restroom & open basement w/break room
  • Site features 23 parking spaces, pylon signage & access from both Portage Rd. & Golfview Ave.
  • Well located in the Milwood neighborhood, just 1/2 mile north of I-94 Interchange

OVERVIEW

AVAILABLE FOR SALE: 3,226 SF former bank branch w/basement and approx. 702 SF, 4-lane drive-thru in Kalamazoo. Constructed in 1951 – with 1990 renovation – the existing floor plan features a large lobby/customer service area, multiple private offices, vault room, unisex restroom and large, open basement with break room. Situated on a 0.62-acre corner parcel with approx. 132’ of frontage on Portage Rd. and approx. 205’ of frontage on Golfview Ave., this property offers 23 parking spaces, pylon signage and access from both Portage Rd. and Golfview Ave. The site is well located in the Milwood neighborhood, just one-half mile north of the Portage Rd./I-94 Interchange and is zoned CC – Community Commercial District in the City of Kalamazoo, allowing for a wide variety of uses. Neighboring tenants include Consumers Credit Union, Performance Plus Auto, Circle K Gas and Uncle Ed’s Oil Shoppe. Sale subject to Bank approval of Buyer’s intended use. Seller reserves the right to deed restrict against financial and marijuana uses. Property to be sold in “As is” “Where is” condition, with all faults and conveyed by Covenant Deed. Do not approach employees. Estimated close date 1/18/24. Seller does not have a survey, building drawings or environmental reports.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

FORMER BANK BRANCH - KALAMAZOO, MI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

CC

APN/PARCEL ID

06-35-410-162

ASK ABOUT THIS PROPERTY

Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.