5110 Westnedge AvePortage, MI 49002

Property Details for 5110 Westnedge Ave

Lot size

3.22 AC

Zone code

CPD

Property type

Land

Property subtype

Commercial land

APN

10-00004-001-D

APU

1000004001D

Description

This exceptional 3.22-acre commercial land parcel, located at 5110 S Westnedge Ave in Kalamazoo County's Portage submarket, presents a prime build-to-suit or ground lease opportunity. Zoned CPD (Commercial Planned Development), this property boasts 137,274 square feet and a 156-foot frontage on S Westnedge Avenue, enjoying high visibility to over 37,783 daily drivers. Its strategic location within the Portage retail corridor, just north of I-94, places it near major retailers like Lowe's, Earth Fare, HomeGoods, and Meijer, and within an eight-minute drive of The Crossroads shopping center. The site is ideal for various uses, including full-service restaurants, drive-thru establishments, banks, medical offices, or urgent care facilities. Ample parking and multiple potential entrances ensure easy access. The property benefits from a strong demographic profile, 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. Portage's robust economy, fueled by companies like Pfizer and Stryker, contributes to a thriving business environment and projected population growth of 3.0% over the next five years. Property taxes are $0.22 per square foot. The APN is 00004-001-D, and the cross street is W Kilgore Rd. This location offers unmatched brand exposure and a strong potential for business success.

• Alternative Use

  Use

  Valuation

  Residential

  $30,195,876

  Hospitality

  $27,659,260

  Educational

  $23,012,180

  Medical

  $23,803,604

  Retail

  $35,796,724

Location Insight

City

Portage

County

Kalamazoo

State

Michigan

Latitude

42.243

Longitude

-85.5906

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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