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    7313 Westnedge Ave Portage, MI 49002

    Sponsored
    For Sale
    $3,600,000

    8.63 Acres, High-Visibility Corner Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 8.63-acre commercial land parcel presents a unique investment opportunity in Portage, Michigan. Located at 7313 S Westnedge Ave (APN 391000015110O), this property boasts a prime location on a hard corner with a traffic light, ensuring maximum visibility and accessibility. Zoned R-1A, it's ideally suited for a variety of commercial developments, including big box retail or mixed-use projects. The site benefits from high traffic counts and exceptional visibility along South Westnedge Avenue, a highly desirable retail corridor in Southwest Michigan. This is a rare opportunity, as this is the last remaining significant undeveloped retail plot on this stretch. The property's proximity to Celery Flats park adds further appeal, offering potential for creative development concepts that leverage the nearby green space. Offered for the first time ever by the original owners, this property represents a generational opportunity for significant commercial development. The property's size and location make it an attractive investment for developers seeking a high-impact site in a thriving area. Detailed traffic counts are available upon request.

    Property Features for 7313 Westnedge Ave

    General Information

    Property type
    Land
    Lot Size
    375,923 SF

    HighLights

    • $3,600,000 asking price for 8.63 acres of commercial land.
    • Located at a signalized intersection on a hard corner in Portage, MI.
    • High traffic counts and excellent visibility.
    • R‑1A zoning.
    • APN: 391000015110O.
    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 Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.589483725567
    Latitude
    42.210922107371

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    FAQs

    What type of property is this?
    Land - 8.63 Acres, High-Visibility Corner Lot
    Where is this land located?
    The property is located at 7313 Westnedge Ave Portage, MI.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: $3,600,000 asking price for 8.63 acres of commercial land.; Located at a signalized intersection on a hard corner in Portage, MI.; High traffic counts and excellent visibility.
    (269) 349-1000
    Request Owner's contact information
    7313 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
    7313 Westnedge Ave Portage, MI 49002
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