For Lease
$22/SF/YR

5132 Westnedge Ave Portage, MI 49002

High-traffic retail center, excellent visibility

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional retail property, situated in the thriving Portage, Michigan market, offers a prime opportunity for businesses seeking high visibility and strong consumer traffic. The 47,551 square foot center features two single-story buildings constructed in 1960 and renovated in 2014, boasting a Class B rating. The property sits on a 4.19-acre lot (164,145 square feet) with ample parking for 156 vehicles. Located on South Westnedge Avenue, near the intersection of Market Place, the center benefits from over 40,458 daily drivers and enjoys prominent placement within a dense retail corridor, including nearby national brands like Dollar Tree, Batteries Plus Bulbs, Biggby Coffee, WellNow Urgent Care, and Wingstop. The property's zoning (CPD - Commercial Planned Development) allows for diverse commercial uses. The property offers multiple tenancy options with spaces ranging from 2,105 to 2,535 square feet, adaptable to various business needs. Taxes are $0.99 per square foot. The location benefits from strong demographics, with over 150,770 people residing within a five-mile radius, boasting an average household income exceeding $70,091 and a total annual consumer spending of over $3.1 billion. The property's convenient access to I-94 and proximity to other major retailers like Lowe's and Meijer further enhances its appeal. Pylon and building signage opportunities are available. Consumers Energy provides power. The property's building floor area ratio (FAR) is 0.29.

Highlights

  • 47,551 square feet of retail and restaurant space in a multi-tenant building.
  • Two, one-story buildings built in 1960, renovated in 2014, Class B construction.
  • 4.19 acres of land (164,145 square feet) with 156 parking spaces.
  • Located in Portage, MI, in the Willow Creek shopping center, anchored by Dollar Tree, with strong co-tenancy including WellNow Urgent Care, Wingstop, and Biggby Coffee.
  • High visibility on S Westnedge Ave, near I-94, with excellent access and ample parking.

Property Details for 5132 Westnedge Ave

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
47,551 SF
Class
B
Year Built/Renovated
1960/2014
Buildings
2
Stories
1

Unit(s) available at that property

Space
5218
Size
2,535 SF
Rate per SF
$22

Location Insight

City
Portage
County
Kalamazoo
State
Michigan
Latitude
42.2425849
Longitude
-85.589878

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FAQs

What type of property is this?
Retail property - High-traffic retail center, excellent visibility
Where is the retail property located?
The property is located at 5132 Westnedge Ave Portage, MI.
What is the lease rate?
The lease rate is $22/SF/YR.
What are key features of this property?
This property features: 47,551 square feet of retail and restaurant space in a multi-tenant building.; Two, one-story buildings built in 1960, renovated in 2014, Class B construction.; 4.19 acres of land (164,145 square feet) with 156 parking spaces.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Richard MacDonald
Richard MacDonald
Cole Rathbun
Cole Rathbun
Visit Broker Website

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Useful Information

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Westnedge Ave
Portage, MI 49002

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Westnedge Ave
Portage, MI 49002

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

5132 Westnedge Ave
  • Richard MacDonald
    Richard MacDonald
  • Cole Rathbun
    Cole Rathbun
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