Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5132 Westnedge Ave Portage, MI 49002

    For Lease
    $22 SF/Yr

    High-traffic retail center, excellent visibility

    Lot size:
    47,551 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, situated in the thriving Portage, Michigan market, offers a prime opportunity for businesses seeking high visibility and strong consumer traffic. The 47,551 square foot center features two single-story buildings constructed in 1960 and renovated in 2014, boasting a Class B rating. The property sits on a 4.19-acre lot (164,145 square feet) with ample parking for 156 vehicles. Located on South Westnedge Avenue, near the intersection of Market Place, the center benefits from over 40,458 daily drivers and enjoys prominent placement within a dense retail corridor, including nearby national brands like Dollar Tree, Batteries Plus Bulbs, Biggby Coffee, WellNow Urgent Care, and Wingstop. The property's zoning (CPD - Commercial Planned Development) allows for diverse commercial uses. The property offers multiple tenancy options with spaces ranging from 2,105 to 2,535 square feet, adaptable to various business needs. Taxes are $0.99 per square foot. The location benefits from strong demographics, 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. The property's convenient access to I-94 and proximity to other major retailers like Lowe's and Meijer further enhances its appeal. Pylon and building signage opportunities are available. Consumers Energy provides power. The property's building floor area ratio (FAR) is 0.29.

    Property Features for 5132 Westnedge Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,551 SF
    Class
    B
    Total Rate
    87176.83

    Building Details

    Year Built/Renovated
    1960/2014
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    5218
    Size
    2,535 SF
    Rate per SF
    $22

    HighLights

    • 47,551 square feet of retail and restaurant space in a multi‑tenant building.
    • Two, one‑story buildings built in 1960, renovated in 2014, Class B construction.
    • 4.19 acres of land (164,145 square feet) with 156 parking spaces.
    • Located in Portage, MI, in the Willow Creek shopping center, anchored by Dollar Tree, with strong co‑tenancy including WellNow Urgent Care, Wingstop, and Biggby Coffee.
    • High visibility on S Westnedge Ave, near I‑94, with excellent access and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Dental Office Wholesale Shop Daycare Center Kitchen & Bath Bar & Pub Computer & Electronic Repair Nursing Home Furniture Store Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.589878
    Latitude
    42.2425849

    Nearby Similar for Lease

    • $27 SF/Yr
      1,786 SF

      Office Space Near Portage Creek

      Office space with serene views, suitable for various professionals.
      5084 Lovers Ln, Portage, MI 49002
      View Details
    • New
      $18 SF/Yr
      4,018 SF

      Portage Office Suite For Lease

      First floor office suite available along Lovers Lane in Portage.
      5136 Lovers Ln Unit, Portage, MI 49002
      View Details
    • $18 SF/Yr
      7,428 SF

      Remodeled Restaurant Building with Patio

      Remodeled 7,428 SF restaurant with patio and ample parking.
      5402 Portage Rd, Portage, MI 49002
      View Details
    • $8 SF/Yr
      32,789 SF

      Versatile Flex Space Near US-131

      Adaptable flex space perfect for storage, warehousing, or light assembly.
      9350 Shaver Rd, Portage, MI 49024
      View Details
    • $8 SF/Yr
      Pending

      Retail Space in Portage Center

      1,600 SF suite in a popular Portage strip center.
      7632 S Westnedge Ave, Portage, MI 49002
      View Details
    • $15 SF/Yr
      1,439 SF

      Move-in Ready Portage Office Space

      Efficient office suite in Trestlewood/Trestlebridge Office Park.
      5094 Lovers Ln, Portage, MI 49002
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic retail center, excellent visibility
    Where is this restaurant located?
    The property is located at 5132 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: 47,551 square feet of retail and restaurant space in a multi-tenant building.; Two, one-story buildings built in 1960, renovated in 2014, Class B construction.; 4.19 acres of land (164,145 square feet) with 156 parking spaces.
    Request Owner's contact information
    5132 Westnedge Ave Portage, MI 49002
    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.
    5132 Westnedge Ave
    Portage, MI 49002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5132 Westnedge Ave Portage, MI 49002
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.