180 Portage St - Movie Theatre FOR SALE


Kalamazoo, MI 49007- Downtown Kalamazoo
$3,500,000 USD
248-385-5000
180 Portage St, Kalamazoo, MI for Sale
$3,500,000 USD
Movie Theatre - FOR SALE
1/12
null | Request Cap Rate

180 Portage St
Kalamazoo, MI 49007
Downtown Kalamazoo


HIGHLIGHTS

  • Great location along Portage St in Kalamazoo, MI.

OVERVIEW

This property presents an excellent redevelopment and/or repurposing opportunity for mixed use, hospitality, or multifamily development in downtown Kalamazoo. The building is 77,046 SF (per the City of Kalamazoo) with two floors on 1.838 acres (per the City of Kalamazoo). Located at 180 Portage Street, the property is situated within a Michigan Opportunity Zone (www.miopportunityzones.com). The property is directly across the street from Western Michigan University’s Homer Stryker M.D. School of Medicine and is within walking distance of numerous restaurants, cultural attractions, and shops, including the historic outdoor Kalamazoo Mall, just two blocks away. The Kalamazoo Amtrak Station is a 10-minute walk from the property. Additionally, the property is connected to the Kalamazoo Mall Ramp parking structure and is located across South Street from the Epic Center Ramp, providing access to over 1,200 parking spaces within one block. Downtown Kalamazoo has recently experienced a development boom, including: • New apartment projects (400Rose.com, 180ewaterstreet.com, Rose Place Senior Living) • Hotels (Home2 Suites, Hilton Garden Inn) • Municipal buildings, including the $94 million Kalamazoo County Downtown Justice Facility The Kalamazoo Event Center, a 425,000 SF arena and event space capable of hosting over 230 events per year, has been announced. It will be located less than half a mile from 180 Portage Street.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former AMC Portage Street 10

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Freestanding, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

CCBD

APN/PARCEL ID

06-15-388-100

ASK ABOUT THIS PROPERTY

Jared GellMid-America Real Estate - Michigan, Inc.More Info
248-385-5000

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Jared GellMid-America Real Estate - Michigan, Inc.More Info
248-385-5000

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