5024 Westnedge Ave Portage, MI 49002
- Commercial land
- 0.40 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5024 Westnedge Ave
- Lot size
- 0.40 lot acres
- Zone code
- CPD
- Property type
- Commercial land
- APN
- 10-00004-010-A
- APU
- 1000004010A
Description
This 0.4-acre commercial land parcel, located at 5024 S Westnedge Avenue in Portage, Michigan (49002), presents a unique build-to-suit or ground lease opportunity. Situated in a high-traffic area with excellent visibility on S Westnedge Avenue and W Kilgore Road, the property boasts approximately 17,126 square feet and a 74-foot frontage. The site's strategic location within the Portage retail corridor, just north of I-94, offers unparalleled brand exposure to over 46,894 daily drivers. Nearby retail establishments include Lowe's, Earth Fare, HomeGoods, and Meijer, further enhancing the property's appeal. The property is zoned CPD (Commercial Planned Development) and is ideal for a variety of uses, including drive-thru restaurants, banks, urgent care facilities, or other retail and medical businesses. The Kalamazoo County location benefits from a strong economic base, fueled by major employers like Pfizer and Stryker. With a population of over 150,770 within a five-mile radius and an average household income exceeding $70,091, the area boasts significant consumer spending power, exceeding $3.1 billion annually. The site offers easy ingress and egress with ample parking potential, catering to the needs of both businesses and customers. Annual property taxes are $0.51 per square foot. Consumers Energy provides power to the area. The property's APN is 00004-010-A. This prime location, coupled with strong demographics and a thriving business environment, makes this an exceptional opportunity for commercial development.
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
- -85.5902
- Latitude
- 42.2444
- CBSA code
- 28020
- CBSA name
- KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA