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180 Portage St
Kalamazoo, MI 49007
Former AMC Portage Street 10 · Retail Property For Sale
Executive Summary
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 453,000 SF arena and event space capable of hosting more than 230 events annually, is currently under construction less than half a mile from 180 Portage Street. The venue will serve as the future home of Western Michigan University Men’s and Women’s Basketball, WMU Hockey, and the Kalamazoo Wings.
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 453,000 SF arena and event space capable of hosting more than 230 events annually, is currently under construction less than half a mile from 180 Portage Street. The venue will serve as the future home of Western Michigan University Men’s and Women’s Basketball, WMU Hockey, and the Kalamazoo Wings.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theater
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
Property Taxes
| Parcel Number | 06-15-388-100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,066,000 |
Property Taxes
Parcel Number
06-15-388-100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,066,000
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