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    FOR LEASE
    Commercial land

    5110 S Westnedge Ave, Portage, MI 49002

    3.22 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2209970
    5110 S Westnedge Ave, Portage, MI 49002 For Lease
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    5110 S Westnedge Ave, Portage, MI 49002
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 3.22 ac (140,263 SF)
    Zoning code CPD
    APN 10-00004-001-D
    UPID US43-2209970
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    JERECO, LLC
    JERECO, LLC
    Zoning & alternative use
    CPD · Portage, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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