Property Type:
Commercial Sale
Square Footage:
7,734
Lot Size (sq. ft.):
77,537
Status:
Sold
Current Price:
$1,250,000
List Date:
1/23/2021
Last Modified:
11/25/2022
5402 Portage Road, Portage, MI 49002
$990,000
Description
Formally known as Bravo! Restaurant and Cafe, this amazing property, just 1/3 mile south of the I-94/Portage Road Interchange, sits on a major retail corridor across from the Kalamazoo/Battle Creek International airport, at a signalized corner. This property is 1.78 Acres and features a 7,734 SF building, with a 200+ capacity. It also includes a full kitchen, with wood fired pizza oven, all restaurant FF&E (list available upon request), outdoor patio, 100+ parking spaces, and a liquor and brew pub license. The sale does not include the business or personal artwork. The owners will provide limited financial information to qualified parties, upon request.Parcels (4):
5402 & 5426 Portage Road
2328 & 2406 Helen Avenue
More Information MLS# 20024775
Location & Property Info
Cross Streets: Portage Rd & Helen Ave
Property Sub-Type: Retail
Area: Greater Kalamazoo - K
Municipality: Portage City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 161.62
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 316
Waterfront: No
Year Remodeled: 1992
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 7734
School District: Portage
Lot Measurement: Acres
Lot Acres: 1.78
Lot Square Footage: 77537
Year Built: 1967
Full Baths: 3
Tax Info
Taxable Value: 496038
SEV: 631700
For Tax Year: 2021
Seller's Annual Property Tax: 31650.11
Tax Year: 2020
Homestead %: 0
Spec Assessment & Type: N/A
Zoning: B-3
Tax ID #: 391002320057O
Remarks & Misc
Legal: On file.
Status Change Info
Sold Price/SqFt: 128.01
Under Contract Date: 2021-08-18
Sold Date: 2022-03-03
Sold Price: $990,000
Additional Details
Total Parking Spaces: 108
Street Type
Paved: 1
Public: 1
SqFt Information
Security System: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Restaurant: 1
Retail: 1
Construction Type
Block: 1
Exterior Material
Brick: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Business Includes
Equipment: 1
Furniture: 1
Inventory: 1
Licenses: 1
Real Estate: 1
Additional Features
Fire Sprinkler: 1
Outdoor Storage: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Driveway
Paved: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Location Property Info
County: Kalamazoo
Street #: 5402
Street Name: Portage
Suffix: Road
State: MI
Zip Code: 49002
OfficeContract Info
Status: Sold
Current Price: $990,000
List Price: $1,250,000
Listing Date: 2020-06-08
Remarks Misc
Directions: 0.4 miles south of the I-94/Portage Road Interchange on the west side of Portage Road
Property Features
SqFt Information: Security System
Uses: Bar/Tavern/Lounge; Restaurant; Retail
Business Includes: Equipment; Furniture; Inventory; Licenses; Real Estate
Construction Type: Block
Exterior Material: Brick
Roofing: Rubber
Below Grade: None
Additional Features: Fire Sprinkler; Outdoor Storage
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Listing Office:
Kalamazoo Commercial Real Estate
Listing Agent:
Andrew J Gyorkos
Last Updated: November - 25 - 2022
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