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3250 W Centre 3250 W Centre Rd 11,565 SF 100% Leased Office Building Portage, MI 49024 $850,000 ($73.50/SF) 8.72% Cap Rate
Investment Highlights
- Leased Investment Opportunity
- Excellent signage, access and availability
- Prestigious location on West Centre
Executive Summary
Investment opportunity along the high-traffic Centre Avenue corridor with excellent visibility and convenient access. This newly renovated, well-maintained office condominium is currently leased to Stewart Title d/b/a Devon Title, providing immediate, stable income. Located within a shared building alongside Horizon Bank, the property features ample on-site parking and updated mechanical systems, supporting long-term reliability and minimal capital expenditure. Businesses not for sale.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,565 SF
Building Class
B
Year Built
1982
Price
$850,000
Price Per SF
$73.50
Cap Rate
8.72%
NOI
$74,120
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,565 SF
Slab To Slab
9’1”
Building FAR
0.19
Lot Size
1.37 AC
Zoning
OS-1
Parking
79 Spaces (4.96 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Balcony
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10-00020-125-D | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $658,100 |
Property Taxes
Parcel Number
10-00020-125-D
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$658,100
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3250 W Centre | 3250 W Centre Rd
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