5070 Westnedge Ave Portage, MI 49002-0400

Property Details for 5070 Westnedge Ave

Lot size

2.14 lot acres

Property type

Commercial real estate

APN

10-03960-005-D

APU

1003960005D

Description

This exceptional 46,054 square foot, Class A retail center, built in 2015 and renovated in 2018, is situated on a 3.37-acre lot (146,711 sq ft) in Portage, Michigan's thriving retail corridor. Located at 5070 S Westnedge Avenue, near the intersection of W Kilgore Rd and S Westnedge Ave – one of Kalamazoo County's busiest intersections – this single-story building boasts 182 parking spaces and benefits from over 46,894 daily drivers. The property features a modern façade, extensive landscaping, and prominent pylon and building signage opportunities. It's strategically positioned near I-94 and the affluent Oakwood neighborhood, with easy access and multiple entrances. National brands, including Aldi (coming soon) and HomeGoods, are already established tenants. The center is zoned CPD - Commercial Planned Development (APN: 03960-005-D), and enjoys a low tax rate of $2.29 per square foot. The property is served by Consumers Energy. The surrounding area includes a dense concentration of retail establishments such as Lowe's and Meijer, and is within an eight-minute drive of The Crossroads shopping destination. The location benefits from a strong consumer base within a five-mile radius, encompassing a population exceeding 150,770 with an average household income over $70,091 and a total annual consumer spending exceeding $3.1 billion. This presents a unique opportunity for businesses to thrive in a rapidly growing area with projected population growth of 2.9% over the next five years. The property offers multiple tenancy options and customizable spaces to meet diverse business needs.