Property profile

245 Centre Ave Portage, MI 49024

OFF-MARKET
Retail properties & Spaces
3,193 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 3,193 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Physician
  • Pediatrician Physician
  • Cafe & Coffee Shop

Location

245 Centre Ave Portage, MI 49024
Portage metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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