Two Unit Office Property Portland

242 Kent Street Portland, MI 48875

242 Kent Street, Portland, MI, 48875
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$139,900
Last Verified:
Aug 23, 2024

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Description

This charming commercial office building at 242 Kent Street in historic downtown Portland, Michigan, offers a unique investment opportunity. The property consists of two fully leased office units, providing immediate income potential for the buyer. Located along the picturesque Grand River, this building enjoys excellent visibility and accessibility in the heart of Portland’s vibrant downtown.

The property features both convenient street parking and additional off-street parking behind the building, making it easy for tenants and visitors alike. One unit includes a lower-level work area, offering additional space for storage or workspace needs, while the second unit comes with a single-car garage, adding further convenience.

Situated in a charming and historic area, this property is surrounded by local businesses, restaurants, and amenities, making it a desirable location for professional offices, creative studios, or retail use. Portland’s central location between Lansing and Grand Rapids, combined with its small-town charm and riverside setting, adds to the appeal of this investment.

Don’t miss your chance to own a fully leased office building in the thriving downtown of Portland, Michigan.

On Kent Street between E. Bridge St. and Academy St.


Year Built: 1959
Building Size: 1678sq ft
Building Class: B
Lot Size: 0.15 acres

Map of 242 Kent Street, Portland, MI, 48875

Presented by:
RE/MAX Commercial Group | Michigan

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Matt Wisniewski, CCIM


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.