5132 Westnedge Ave Portage, MI 49002
- Retail properties
- 47,551 SF
- 4.19 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5132 Westnedge Ave
- Year built
- 1960
- Lot size
- 4.19 lot acres
- Property size
- 47,551 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.5899
- Latitude
- 42.2426
