Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Portage Retail Development Opportunity Title is generated by Realmo AI

    7090 S Westnedge Avenue, Portage, MI 49002

    View on Map
    Claim this Listing
    For Sale
    $799,000

    COMMERCIAL - Portage, MI

    Lot size:
    1.45 Acres
    Added:
    Jul 31, 2024
    Days on Market:
    653
    Last Refresh:
    May 14 at 5:06 pm

    Property Features for 7090 S Westnedge Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    10-00016-035-E
    Lot size
    1.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SEC 16-T3S-R11W; COMM AT THE NE COR OF SD SEC THE S00DEG00'11'W 478.50 FT ALONG THE E LI OF THE NE 1/4 OF SD SEC 16 TO THE POB, TH CONT S00DEG00'11 W 140.25 FT ALONG SD E LI OF THE NE 1/4; TH N89DEG41'00 W 370 FT PARALLEL WITH THE N LI OF THE SD N 1/4 SEC 16; TH N00DEG00'11 E 202.58 FT PARALLEL WITH SD E LI OF THE NE 1/4; TH S89DEG41'00 E 256 FT PARALLEL WITH S N LI OF THE NE 1/4; TH S00DEG00
    Tax Annual Amount
    1

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jodi K Milks

    Listing agent Jodi K Milks License #6502339107

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date Jul 31, 2024

    MLS# 25003229 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Largest commercial vacant land parcel on S. Westnedge Ave. retail corridor.
    • High‑traffic location south of S. Westnedge Ave./Romence Rd. intersection.
    • Located across from Sam's Club and Texas Roadhouse.
    • Approx. 2.8‑acre development site with 406' of frontage.
    • Ideal site for restaurant or retail use.
    • Utilities (Cable, Water, Sewer) available at street.

    Overview

    This commercial property presents a new retail development opportunity on S. Westnedge Avenue in Portage, Michigan. The site, approximately 2.8 acres, is the largest commercial vacant land parcel available for sale on this active retail corridor. It features 406 feet of frontage. The estimated buildable land is 1.8 acres, taking into account wetlands on the property. The location is ideal for restaurant or retail use, situated just south of the S. Westnedge Avenue and Romence Road intersection, across from Sam's Club and Texas Roadhouse. Utilities are available at the street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.589476
    Latitude
    42.214578

    Nearby Similar for Sale

    • $1,450,000
      14,589 SF

      Versatile Flex/Industrial Building in Portage

      Adaptable flex/industrial building near US-131, suitable for various uses.
      9340 Shaver Road, Portage, MI 49024
      View Details
    • $525,000
      2,118 SF

      Corner Commercial Building For Sale

      2,118 SF building in excellent condition, ready for occupancy.
      7940 S Sprinkle Road, Portage, MI 49002
      View Details
    • $695,000
      10,520 SF

      Portage Industrial Building For Sale

      10,520 SF industrial building on 0.89 acres in Portage.
      9702 Portage Road, Portage, MI 49002
      View Details
    • $169,000
      864 SF

      Versatile Commercial Property in Portage

      Commercial B-3 zoned property with ample parking and accessibility.
      5837 Portage Road, Portage, MI 49002
      View Details
    • $1,875,000
      18,140 SF

      Portage Industrial Building For Sale

      18,140 SF industrial building ideal for various operations.
      9350 Shaver Road, Portage, MI 49024
      View Details
    • $925,000
      8,400 SF

      Fully Leased Investment Opportunity

      Fully leased commercial condo units in North Portage.
      5120 Lovers Lane, Portage, MI 49002
      View Details
    • $549,000

      Prime Portage Commercial Land Parcel

      Shovel-ready 1.21-acre parcel in Portage's financial corridor.
      2351 W Centre Avenue, Portage, MI 49024
      View Details
    • $149,900
      1,066 SF

      Portage Commercial Building For Sale

      1,066 SF standalone building suited for industrial or medical use.
      6242 Lovers Lane, Portage, MI 49002
      View Details
    • $524,000

      Portage Commercial Development Site

      Prime commercial land for development in Portage, Michigan.
      1330 E Centre Avenue, Portage, MI 49002
      View Details
    • $250,000

      Portage Commercial Land For Sale

      3.43 acres of commercial land in Portage, Michigan.
      7019 Lovers Lane, Portage, MI 49002
      View Details
    • $850,000
      4,776 SF

      Renovated Office Condo Investment

      High-traffic location, stable income, and ample parking.
      3250 W Centre Ave, Portage, MI, 49024, Portage, MI 49024
      View Details
    • $1,650,000
      7,428 SF

      Remodeled Restaurant Building Near Airport

      Remodeled 7,428 SF restaurant with high capacity and ample parking.
      5402 Portage Road, Portage, MI 49002
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.8-acre commercial land on S. Westnedge Ave retail corridor.
    Where is this commercial land located?
    The property is located at 7090 S Westnedge Avenue Portage, MI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Largest commercial vacant land parcel on S. Westnedge Ave. retail corridor.; High‑traffic location south of S. Westnedge Ave./Romence Rd. intersection.; Located across from Sam's Club and Texas Roadhouse.
    (269) 353-0311
    We can help!
    Listing Contact
    Jodi K Milks
    Real Estate License ID: 6502339107
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7090 S Westnedge Avenue, Portage, MI 49002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!