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    5110 Westnedge Ave Portage, MI 49002

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    For Lease
    Contact for pricing

    3.22-acre build-to-suit site in Portage

    Lot size:
    140,263 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 3.22-acre commercial land parcel, located at 5110 S Westnedge Ave in Kalamazoo County's Portage submarket, presents a prime build-to-suit or ground lease opportunity. Zoned CPD (Commercial Planned Development), this property boasts 137,274 square feet and a 156-foot frontage on S Westnedge Avenue, enjoying high visibility to over 37,783 daily drivers. Its strategic location within the Portage retail corridor, just north of I-94, places it near major retailers like Lowe's, Earth Fare, HomeGoods, and Meijer, and within an eight-minute drive of The Crossroads shopping center. The site is ideal for various uses, including full-service restaurants, drive-thru establishments, banks, medical offices, or urgent care facilities. Ample parking and multiple potential entrances ensure easy access. The property benefits from a strong demographic profile, 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. Portage's robust economy, fueled by companies like Pfizer and Stryker, contributes to a thriving business environment and projected population growth of 3.0% over the next five years. Property taxes are $0.22 per square foot. The APN is 00004-001-D, and the cross street is W Kilgore Rd. This location offers unmatched brand exposure and a strong potential for business success.

    Property Features for 5110 Westnedge Ave

    General Information

    Property type
    Medical space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    140,263 SF

    Unit(s) available at that property

    Space
    Size
    140,263 SF

    HighLights

    • 3.22‑acre commercial land parcel in Portage, MI, suitable for build‑to‑suit or ground lease.
    • 137,274 square feet with 156 feet of frontage on S Westnedge Ave.
    • Located in a high‑traffic retail corridor near I‑94, with strong visibility and access.
    • Zoned CPD (Commercial Planned Development) in Kalamazoo County, APN 00004‑001‑D.
    • Excellent demographics: over 150,770 people within a 5‑mile radius, average household income exceeding $70,091, and over $3.1 billion in annual consumer spending.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Restaurant Dental Office Wholesale Shop Daycare Center Kitchen & Bath Hotel & Motel Bar & Pub Computer & Electronic Repair Nursing Home Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.5896482
    Latitude
    42.2431933

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    FAQs

    What type of property is this?
    Medical space - 3.22-acre build-to-suit site in Portage
    Where is this medical space located?
    The property is located at 5110 Westnedge Ave Portage, MI.
    What are key features of this property?
    This property features: 3.22-acre commercial land parcel in Portage, MI, suitable for build-to-suit or ground lease.; 137,274 square feet with 156 feet of frontage on S Westnedge Ave.; Located in a high-traffic retail corridor near I-94, with strong visibility and access.
    Request Owner's contact information
    5110 Westnedge Ave Portage, MI 49002
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    Portage, MI 49002
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    Realmo Value Estimation

    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.

    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.

    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
    5110 Westnedge Ave Portage, MI 49002
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