Price Reduction
Address
700 M L King Drive, Portage, MI
Price
$ 850,000
Property Attributes
- MLS#24013305
- TypeCommercial
- CountyKALAMAZOO
- CityPortage
- AreaPortage City
- NeighborhoodPortage City
- Zip49024
- StyleRetail/Commercial
- Year Built1997
- Taxes$ 30822
- Price$ 850,000
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Lot Size0.94 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Beautiful turn key restaurant ready for a new dining concept. Large dining rooms, ample bar area, outdoor patio seating, and a full kitchen with large walk in cooler. This former Brann's Steakhouse is located within eyeshot of Celebration Cinema Theater and Crossroads Mall. All furniture, fixtures and equipment is included in the sale or lease of the building. Ample parking. Excellent condition. Liquor license may be available in a separate transaction. Excellent opportunity!
| Price History | |
|---|---|
| 3/20/2024 | Listed $995,000 |
| 4/10/2024 | 10% - $899,000 |
| 5/15/2024 | 6% - $850,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Cooling | Central Air |
| Utilities | Phone Available,Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Natural Gas Connected,Electric Connected |
| Roof | Concrete |
| Construction Materials | Vinyl Siding |
| Year Built | 1997 |
| Township | Portage City |
| Property SubType | Retail/Commercial |
| Tax Year | 2022 |
| Business Type | Restaurant |
| County | Kalamazoo |
| New Construction | No |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Building Features | Bath Common Area,Fire Sprinkler |
| Status | Active |
| Directions | Located on Martin Luther King Blvd between Constitution and End. |
| City | Portage |
| High School District | Portage |
| Zoning Description | B-2 |
| Total Units | 1 |
| MLS Area | Greater Kalamazoo - K |
| Lot Size Square Feet | 40946.0 |
| Waterfront Y/N | No |
| Street Name | M L King |
| Land Lease Y/N | No |
| Tax Annual Amount | 30822.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Greater Kalamazoo - K |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Days on Market | 87 |
| Standard Status | Active |
| Tax Assessed Value | 488300 |
| Ownership Type | LLC |
| MobileHomeRemainsYN | No |
| Legal Description | On File |
| Senior Community | None |
Interior Features
| Total Fireplaces | 1 |
|---|---|
| Total Stories | 1 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Full Baths | 3 |
| Street Suffix | Drive |
| Electric On Property Y/N | No |
| Total Baths | 3 |
Exterior Features
| Parking Features | Asphalt,Driveway |
|---|---|
| Water Source | Public |
| Inclusions | {u'Equipment': True,u'Real Estate': True,u'Furniture': True} |
| Lot Size Area | 0.94 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 6084.0 |
| Lot Dimensions | 151' x 270' |
| Lot Size Acres | 0.94 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49024
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 22, 2024 12:33 PM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
