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    OFF-MARKET
    Retail properties & Spaces

    5132 Westnedge Ave, Portage, MI 49002

    47,551 SF 4.19 ac lot Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property, situated in the thriving Portage, Michigan market, offers a prime opportunity for businesses seeking high visibility and strong consumer traffic. The 47,551 square foot center features two single-story buildings constructed in 1960 and renovated in 2014, boasting a Class B rating. The property sits on a 4.19-acre lot (164,145 square feet) with ample parking for 156 vehicles. Located on South Westnedge Avenue, near the intersection of Market Place, the center benefits from over 40,458 daily drivers and enjoys prominent placement within a dense retail corridor, including nearby national brands like Dollar Tree, Batteries Plus Bulbs, Biggby Coffee, WellNow Urgent Care, and Wingstop. The property's zoning (CPD - Commercial Planned Development) allows for diverse commercial uses. The property offers multiple tenancy options with spaces ranging from 2,105 to 2,535 square feet, adaptable to various business needs. Taxes are $0.99 per square foot. The location benefits from strong demographics, with over 150,770 people residing within a five-mile radius, boasting an average household income exceeding $70,091 and a total annual consumer spending of over $3.1 billion. The property's convenient access to I-94 and proximity to other major retailers like Lowe's and Meijer further enhances its appeal. Pylon and building signage opportunities are available. Consumers Energy provides power. The property's building floor area ratio (FAR) is 0.29.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1960
    Total area 47,551 SF
    Lot 4.19 ac (182,516 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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