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Neighborhood Shopping Center
For Lease
$15 SF/Yr

129 W Centre Ave, Portage, MI 49002

Walkable retail center near civic, educational, fitness, restaurant, and healthcare destinations.

Space SizeContact for details
Property Size55,000 SF
Days on Market1287

Property Features for 129 W Centre Ave

General Information

Standard status Active
Size 55,000 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 55,000 SF

Spaces For Lease

at 129 W Centre Ave Contact us

Available Space $15/Mo

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Available Space $20/Mo

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Listing Agency: Plazacorp Realty Advisors, Inc.
Listed By: Trisha Kidd
Source: Carwm.resimplifi
Added: Feb 22, 2023 Changed: Aug 31 Last Checked: Aug 31 at 12:58PM

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 Plazacorp Realty Advisors, Inc.

Investment Insights

Based on property information with market context.

Portage Centre Plaza is a neighborhood shopping center at 129 W Centre Ave in Portage, Michigan. The center encompasses more than 55,000 SF and includes a standalone Water Street Coffee Joint, three restaurants, Bronson, Anytime Fitness, and a varied mix of additional uses.

The property is positioned in a walkable urban area near City Hall, Portage Central High School, and Portage Schools administration. It also lies along a primary commuting route connecting Pfizer and Stryker employment areas with newer Portage neighborhoods.

Key Highlights

  • More than 55,000 SF neighborhood shopping center
  • Standalone Water Street Coffee Joint on the property
  • Three restaurants and a mix of additional commercial uses

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility HVAC Service Building Supply Electrical Service 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

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

513
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 54% Shops & Services 39% Apparel 6%
Jimmy John's Dining
7,725 visits/mo 0.4 miles
BIGGBY COFFEE Dining
5,984 visits/mo 0.4 miles
Huntington Bank Shops & Services
4,449 visits/mo 0.2 miles
BP Shops & Services
3,329 visits/mo 0.5 miles
Cirilla's Apparel
1,639 visits/mo 0.5 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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Portage Centre Plaza 201 W Centre Ave, Portage, MI 49024

Frequently Asked Questions

What type of property is this?
Shopping center - Walkable retail center near civic, educational, fitness, restaurant, and healthcare destinations.
Where is this shopping center located?
The property is located at 129 W Centre Ave Portage, MI.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: More than 55,000 SF neighborhood shopping center; Standalone Water Street Coffee Joint on the property; Three restaurants and a mix of additional commercial uses
More about this property
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