6710 Portage RdPortage, MI 49002

Property Details for 6710 Portage Rd

Lot size

0.35 AC

Zone code

I-2

Property type

Industrial land

APN

10-06480-039-O

APU

1006480039O

Description

This exceptional 1.59-acre industrial land parcel is located at 6710 Portage Road, Portage, MI 49002, in Kalamazoo County. Zoned OTR (Office, Technology, & Research), this property presents a unique investment opportunity in a high-demand area. The asking price is $99,000. The land consists of five parcels totaling 1.59 acres, offering significant potential for development. While the sale includes the 1.59 acres of OTR-zoned land, note that an additional 0.882 acres of adjacent residential land is also included in this offering. This strategic location places the property within a thriving corporate and warehousing corridor, experiencing significant transformation over the past five years. Its proximity to major employers such as Stryker Headquarters, Pfizer Central Manufacturing Plant, and a FedEx Hub, makes it exceptionally attractive. The property's accessibility is further enhanced by its convenient location near an interstate highway. This makes it an excellent choice for businesses seeking a strategic location with strong infrastructure and access to a skilled workforce. The property's size and zoning provide flexibility for a variety of development projects, making it a compelling opportunity for developers and end-users alike.

• CAP approach

  CAP return

  Valuation

  6%

  $5,953,620

  6.5%

  $5,495,640

  7%

  $5,103,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,177,270

  Geo Method

  $3,177,270

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,898,470

  Mixed-Use / Specialty

  $2,951,430

  Hospitality / Lodging

  $2,247,780

  Office

  $2,999,830

  Institutional / Educational

  $3,090,920

  Residential Income

  $3,616,380

  Multifamily

  $3,986,370

  Automotive / Energy

  $2,649,360

  Parking / Income-Based Land

  $851,724

  Restaurant / Food Service

  $1,670,160

  Healthcare / Senior Housing

  $2,961,730

Location Insight

City

Portage

County

Kalamazoo

State

Michigan

Latitude

42.2196

Longitude

-85.5606

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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