Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
CPD · Portage, MIbusiness; 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
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