Neighborhood Retail Center in
For Lease
Contact for pricing
245 W Centre Ave, Portage, MI 49024
Retail center near City Hall, Portage Central High School.
Space Size3,057 SF - 3,193 SF
Days on Market1141
Property Features for 245 W Centre Ave
General Information
Standard status
Active
Size
3,057 SF - 3,193 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
3,193 SF
Tenancy
Multiple
Spaces For Lease
at 245 W Centre Ave Contact us- Size
- 3,193 SF
- Availability
- Active
Suite A
- Size
- 3,057 SF
- Availability
- Active
Suite 271 A&B
Listing Agency:
Plaza Corp
Listed By:
Trisha Kidd · License #6502433025
Source:
Crexi
Added: Jul 27, 2023
Changed: Sep 7
Last Checked: Sep 8 at 7:19AM
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 Plaza Corp
Investment Insights
Based on property information with market context.
Portage Centre Plaza is a neighborhood retail center situated near City Hall, Portage Central High School, and the Portage Schools administration. The property is located in a walkable urban area. This retail center, with a total area exceeding 55,000 square feet, features a standalone Water Street Coffee Joint, three restaurants, Bronson, and Anytime Fitness, along with a mix of other tenants. The property is located along the primary commute route from Pfizer & Stryker to Portage’s newest neighborhoods.
Key Highlights
- Ideally situated in a walkable urban area near City Hall, Portage Central High School and Portage Schools administration.
- Boasts a standalone Water Street Coffee Joint, three excellent restaurants, Bronson, and Anytime Fitness.
- Attractive retail center with a good mix of uses.
Property Analytics
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Current Use
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
Explore this area
Business Placement
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 49024, MI
30,332
Population
13,232
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
1,763
Density / Sq Mi
$86,427
Median Household Income
$49,914
Median Earnings
$1,208
Median Rent
$248,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Portage, MI
$19.59 /SF/Yr
Avg Asking Price
$10–$30 /SF/Yr
Price Range
52,686 SF
Avg Space Size
This space is priced 23% below the average of $19.59 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
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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 - Retail center near City Hall, Portage Central High School.
Where is this shopping center located?
The property is located at 245 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: Ideally situated in a walkable urban area near City Hall, Portage Central High School and Portage Schools administration.; Boasts a standalone Water Street Coffee Joint, three excellent restaurants, Bronson, and Anytime Fitness.; Attractive retail center with a good mix of uses.
