For Lease
$22/SF/YR

5070 Westnedge Ave Portage, MI 49002

High-traffic, Class A retail space for lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 46,054 square foot, Class A retail center, built in 2015 and renovated in 2018, is situated on a 3.37-acre lot (146,711 sq ft) in Portage, Michigan's thriving retail corridor. Located at 5070 S Westnedge Avenue, near the intersection of W Kilgore Rd and S Westnedge Ave – one of Kalamazoo County's busiest intersections – this single-story building boasts 182 parking spaces and benefits from over 46,894 daily drivers. The property features a modern façade, extensive landscaping, and prominent pylon and building signage opportunities. It's strategically positioned near I-94 and the affluent Oakwood neighborhood, with easy access and multiple entrances. National brands, including Aldi (coming soon) and HomeGoods, are already established tenants. The center is zoned CPD - Commercial Planned Development (APN: 03960-005-D), and enjoys a low tax rate of $2.29 per square foot. The property is served by Consumers Energy. The surrounding area includes a dense concentration of retail establishments such as Lowe's and Meijer, and is within an eight-minute drive of The Crossroads shopping destination. The location benefits from a strong consumer base within a five-mile radius, encompassing a population exceeding 150,770 with an average household income over $70,091 and a total annual consumer spending exceeding $3.1 billion. This presents a unique opportunity for businesses to thrive in a rapidly growing area with projected population growth of 2.9% over the next five years. The property offers multiple tenancy options and customizable spaces to meet diverse business needs.

Highlights

  • 46,054 SF retail center in Portage, MI, with an Aldi-anchored tenant.
  • Located on S Westnedge Ave, a high-traffic area with excellent visibility.
  • Class A construction, built in 2015 and renovated in 2018.
  • 182 parking spaces and a signalized intersection for easy access.
  • Strong demographics: over 150,770 people within a 5-mile radius, average household income exceeding $70,091.

Property Details for 5070 Westnedge Ave

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
46,054 SF
Class
A
Year Built/Renovated
2015/2018
Buildings
1
Stories
1

Unit(s) available at that property

Space
5076
Size
1,600 SF
Rate per SF
$22

Location Insight

City
Portage
County
Kalamazoo
State
Michigan
Latitude
42.243743454264
Longitude
-85.591079918183

FAQs

What type of property is this?
Retail property - High-traffic, Class A retail space for lease
Where is the retail property located?
The property is located at 5070 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: 46,054 SF retail center in Portage, MI, with an Aldi-anchored tenant.; Located on S Westnedge Ave, a high-traffic area with excellent visibility.; Class A construction, built in 2015 and renovated in 2018.
How can I contact the broker?
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5070 Westnedge Ave
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