Property profile

5024 S Westnedge Ave Portage, MI 49002

FOR LEASE
Commercial land
Property ID
US43-3731973
0.4 ac lot
Entity Owned 12-yr Hold Free & Clear
Saved · see the list in your Dashboard
5024 S Westnedge Ave, Portage, MI 49002 For Lease
Contact for pricing
5024 S Westnedge Ave, Portage, MI 49002
View Listing →

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.4 ac (17,424 SF)
Zoning code CPD
APN 10-00004-010-A
UPID US43-3731973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5024 S Westnedge Ave Portage, MI 49002
Portage metro Census 3500 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2006
Price N/A

Zoning & alternative use

CPD · Portage, MI
Zoning description

business; B-3, general business; CPD, commercial planned development; or OS-1, office service, or any combination of such districts. On a future date, the district will be fixed in location at the request of the applican…

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message