5615-5617 Portage Street NW
Sports Complex in Prime Retail Area
Marketing description
This is your chance to own an incredible sports facility with over 50,000 SF of youth basketball courts inside, a 3/4-mile track, a concession stand, locker rooms, office space, lounge space, and viewing areas. The Sports Dome is a pressurized facility with 50' ceiling clears inside the space, making it flexible for many different types of recreation users and events. The exterior of the dome boasts ±16.3-acres of land, perfect for an additional structure or for outdoor use. Five existing tennis courts outside could be used or converted to pickleball courts, lending potential for additional revenue or expansion. The lot features over 150 parking spaces and the land boasts 500 feet of frontage. The current tenant will be moving out in August 2025.
Investment highlights
Available: ±51,767 SF on ±3 parcels totaling 16.3 AC
Sale Price: $2,250,000 | Lease Rate: $2.79/SF NNN
Tenant pays the following annual expenses: Insurance: $10,404 | Blower maintenance (machines that keep the dome inflated): $5,000 | Snow removal (2024/2025): $4,000 | Taxes: $52,000
Built in 1992, renovated in 2022
Frontage: ±506 FT | Depth: ±1,198 FT
City sewer and water
Monument signage available
Parking: ±160 spaces
Zoning: Jackson Township - Rural Residential
Traffic Count: ±22,000
Highway Access: 1 mile west of I-77
Estimated annual property taxes: $52,000
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