5110 S Westnedge Ave, Portage, MI 49002
For Lease
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CPD · Portage, MIPortage. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.