180 Portage Street | 180 Portage St
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180 Portage Street 180 Portage St
77,046 SF Retail Building Kalamazoo, MI 49007 For Sale
Investment Highlights
- Excellent redevelopment and/or repurposing opportunity.
Executive Summary
Operating movie theater for sale in downtown Kalamazoo, Michigan. Excellent redevelopment and/or repurposing opportunity. The building is 77,046 SF (per the City of Kalamazoo) with 2 floors on 1.838 acres (per the City of Kalamazoo). 180 Portage Street is located in a Michigan Opportunity Zone (http://miopportunityzones.com/).
Located across the street from Western Michigan University’s Homer Stryker M.D. School of Medicine. Many restaurants, cultural experiences, and shops are within walking distance, including the historic outdoor Kalamazoo Mall, which is two blocks from the property. The Kalamazoo Amtrak station is a 10-minute walk from the subject property. The property is connected to the Kalamazoo Mall Ramp parking structure and across South Street from the Epic Center Ramp for over 1,200 parking spaces within one block of the property.
Downtown Kalamazoo has seen a recent development boom with new apartment projects (400Rose.com, 180ewaterstreet.com), hotels (Home2 Suites, Hilton Garden Inn), and municipal buildings (Kalamazoo County Downtown Justice Facility) among others. Plans were announced to build a 320,000 SF arena and event center in downtown Kalamazoo with capacity to host more than 230 events per year.
Located across the street from Western Michigan University’s Homer Stryker M.D. School of Medicine. Many restaurants, cultural experiences, and shops are within walking distance, including the historic outdoor Kalamazoo Mall, which is two blocks from the property. The Kalamazoo Amtrak station is a 10-minute walk from the subject property. The property is connected to the Kalamazoo Mall Ramp parking structure and across South Street from the Epic Center Ramp for over 1,200 parking spaces within one block of the property.
Downtown Kalamazoo has seen a recent development boom with new apartment projects (400Rose.com, 180ewaterstreet.com), hotels (Home2 Suites, Hilton Garden Inn), and municipal buildings (Kalamazoo County Downtown Justice Facility) among others. Plans were announced to build a 320,000 SF arena and event center in downtown Kalamazoo with capacity to host more than 230 events per year.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
77,046 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
2 Stories
Building FAR
0.96
Lot Size
1.84 AC
Opportunity Zone
Yes
Zoning
CCBD - Commercial Central Business District
Parking
500 Spaces (6.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Atrium
- Security System
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-15-388-100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,042,000 |
PROPERTY TAXES
Parcel Number
06-15-388-100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,042,000
(248) 385-5000
x110
Contacts
-
Jared Gell -
Bradley Rosenberg -
Daniel Stern -
Mid-America Real Estate - Michigan, Inc.
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180 Portage Street | 180 Portage St
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