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Remodeled Two-Suite Retail Space
For Lease
$14.03 SF/Yr

8842 PORTAGE RD, Portage, MI 49002

Recently updated space includes two separately sized suites for retail use.

Space Size1,031 SF - 1,622 SF
Property Size7,168 SF
Days on Market3619

Property Features for 8842 PORTAGE RD

General Information

Standard status Active
Size 1,031 SF - 1,622 SF
Net Rentable 1,031 SF
Property subtype Retail

Space & Availability

Available Space 1,031-1,622 SF
Space Use Retail

Amenities

back lighted awning

Building Details

Building Size 7,168 SF
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Callander Commercial
Listed By: Sandy Edwards · License #6502342107
Source: Cpix.resimplifi
Added: Oct 5, 2016 Changed: Aug 29 Last Checked: Aug 29 at 4:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Callander Commercial

Investment Insights

Based on property information with market context.

Remodeled retail space at 8842 Portage Road includes two available suites measuring 1,031 RSF and 1,622 RSF. The property features a new backlit awning, and the building sits close to the road along Portage Road.

Key Highlights

  • Two suites measuring 1,031 RSF and 1,622 RSF
  • Newly remodeled retail space
  • New backlit awning with the building positioned close to Portage Road

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store HVAC Service Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

132
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 100%
BIGGBY COFFEE Dining
6,622 visits/mo 0.1 miles

Demographics for 49002, MI

19,553
Population
8,975
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
17.3 sq mi
ZIP Area
1,130
Density / Sq Mi
$71,621
Median Household Income
$45,938
Median Earnings
$910
Median Rent
$223,000
Median Home Value

Market

Lease Benchmarks for Portage, MI

$18.52 /SF/Yr
Avg Asking Price
$8–$30 /SF/Yr
Price Range
15,683 SF
Avg Space Size

This space is priced 24% below the average of $18.52 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Recently updated space includes two separately sized suites for retail use.
Where is this retail space located?
The property is located at 8842 PORTAGE RD Portage, MI.
What is the lease rate?
The lease rate is $14.03 SF/Yr.
What are key features of this property?
This property features: Two suites measuring 1,031 RSF and 1,622 RSF; Newly remodeled retail space; New backlit awning with the building positioned close to Portage Road
More about this property
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