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    245 Centre Ave Portage, MI 49024

    Sponsored
    For Lease
    $20 SF/Yr ($5,321 /Mo)

    Prime Portage Retail: 3,193 sq ft available.

    Lot size:
    3,193 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Portage Centre Plaza offers a unique opportunity to lease 3,193 square feet of retail space in a thriving Kalamazoo County neighborhood center. This multi-tenant property is strategically located near Portage City Hall, Portage Central High School, and the Portage Schools administration building, ensuring high visibility and foot traffic. The plaza benefits from its walkable urban setting, attracting customers from the surrounding residential areas. The center itself comprises over 55,000 square feet and includes a diverse mix of established businesses, such as a Water Street Coffee Joint, three restaurants, Bronson, and Anytime Fitness, creating a synergistic environment for new tenants. The property's prime location along a major commute route connecting growing Pfizer and Stryker facilities to Portage's newest neighborhoods provides exceptional access to a large and expanding customer base. The entire 3,193 square feet is currently vacant, presenting a blank canvas for a new business to establish a strong presence in this vibrant community. This is an ideal opportunity for a retailer seeking high visibility and a strong customer base in a well-established and growing area. The property type is classified as commercial retail, and the tenancy is multiple.

    Property Features for 245 Centre Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,193 SF
    Total Rate
    5321.67

    Unit(s) available at that property

    Space
    Suite A
    Size
    3,193 SF
    Rate per SF
    $20

    HighLights

    • Retail property totaling 3,193 square feet.
    • Entire space is currently vacant.
    • Located in Kalamazoo County.
    • Situated in a walkable urban area near City Hall, Portage Central High School, and Portage Schools administration.
    • Part of a larger 55,000+ square foot retail center with diverse tenants including restaurants and a coffee shop.
    • Benefits from high traffic due to its location along a primary commute route for Pfizer and Stryker employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.5912349
    Latitude
    42.200463

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    FAQs

    What type of property is this?
    Retail property - Prime Portage Retail: 3,193 sq ft available.
    Where is this retail property located?
    The property is located at 245 Centre Ave Portage, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 3,193 square feet.; Entire space is currently vacant.; Located in Kalamazoo County.
    Request Owner's contact information
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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
    245 Centre Ave Portage, MI 49024
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