245 Centre Ave, Portage, MI 49024
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.