Address
6091 Constitution Boulevard Portage, MI
Price
$ 1,200,000
Property Attributes
  • MLS#21007493
  • TypePending
  • CountyKALAMAZOO
  • CityPortage
  • AreaPortage City
  • NeighborhoodPortage City
  • Zip49024
  • StyleRetail/Commercial
  • Year Built2004
  • Taxes1
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6360
  • Lot Size1.98 Acres
Listing Provided Courtesy Of:
Kara Schroer at NAI Wisinski of West Michigan - (269) 353-0311
Data Source:
Southwestern Michigan Regional Information Center
Property Description

Empire Beauty School is an attractive, 6,360 SF, single tenant retail building featuring quality, all-brick construction and a prominent ''chimney'' design element that allows the tenant's signage to be displayed high above the front facade. The asset is secured by a corporate backed, Triple Net Lease from Empire Beauty School (Empire Education Group, Inc.) operating on a new 6 year lease term extension that commenced on January 1, 2021. The lease entails few landlord responsibilities, as the tenant is responsible for all expenses related to the property with the exception of roof, structure, foundation maintenance and a cap on management fee pass through. The property offers ample parking and good access and visibility. This opportunity represents a 7.97% capitalization rate in-place inco

Price History
3/11/2021 Listed $1,200,000

General Features

Business Includes Non-Applicable
Heating Forced Air
Homestead % 0.00
Municipality Portage City
New Construction No
Road Frontage 150.00
School District Portage
Sewer Public
Sub-area K19 - North Portage
Uses Institutional, Other
Water Public
Zoning OS-1

Interior Features

Air Conditioning Central
Heat Source Natural Gas

Exterior Features

Construction Type Frame/Wood
Total # Bldgs 1.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 49024

Price
AVG $320K
$1.2M
Visits
AVG 31
15
Year Built
AVG 1995
2004

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