5329 Chamberlin StPortage, MI 49002

Property Details for 5329 Chamberlin St

Year built

1955

Lot size

0.30 AC

Property size (Sq ft)

4,164 SF

Property type

Commercial real estate

APN

10-04560-103-O

APU

1004560103O

Description

This versatile 8,076 square foot, two-story former church building presents a unique opportunity for adaptive reuse in Portage, Michigan. Located at 5329 Chamberlin St, 49002, this property sits on a 0.31-acre lot (13,410 sq ft) and offers significant potential. The building, constructed in 1955, features a lower level designed as a children's play area with classrooms, boasting bright colors, decent ceiling height, good lighting, two restrooms, and a small kitchenette. The upper level comprises a spacious sanctuary with high ceilings, hardwood flooring, a stage area, handicap access, and two additional restrooms. Sound and lighting production areas are also located on the upper level. A five-bedroom apartment is included within the building. Approximately 20 on-site parking spaces are available, supplemented by street parking. The property is zoned RB-1 and currently has 6,108 square feet of vacant space available for lease or sale. While there is no elevator, a ramp provides access to the sanctuary. The property is situated in a quiet residential neighborhood near Portage Road. Lease terms are subject to landlord approval of tenant use and credit.

• CAP approach

  CAP return

  Valuation

  6%

  $887,592

  6.5%

  $819,316

  7%

  $760,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,361

  Geo Method

  $542,361

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,500,980

  Retail / Commercial

  $791,631

  Mixed-Use / Specialty

  $806,098

  Hospitality / Lodging

  $613,917

  Office

  $819,316

  Institutional / Educational

  $844,195

  Residential Income

  $987,709

  Multifamily

  $1,088,760

  Automotive / Energy

  $723,596

  Parking / Income-Based Land

  $232,624

  Restaurant / Food Service

  $456,154

  Healthcare / Senior Housing

  $808,909

Location Insight

City

Portage

County

Kalamazoo

State

Michigan

Latitude

42.2399

Longitude

-85.5628

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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