The Trade Centre Build-To-Suit/Ground Lease Opportunity

Vacant Land for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 910748
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 1.73 - 3.61 Acres
Lease Rate: $1 Per Acre (Annual)
$0 PSF (Annual)
Base Monthly Rent: $0.14 - 0.30
Lease Types: Ground Lease, NNN
Adjacent Parcels Available: Yes
Last Updated: 10/13/2021

Overview / Comments

Trade Centre Pad Site is an approximately 1.73 to 3.61-acre build-to-suit/ground lease opportunity located at the corner of main and main in The Trade Centre, a highly visible development, comprising of three high-end office buildings as well as a Black Rock Bar & Grill, Courtyard by Marriott, and Homewood Suites by Hilton, adjacent to the Interstate 94 corridor. This is prime real estate for a full service restaurant, fast casual restaurant, or other retail options. The unparalleled management from The Hinman Company ensures premium service aimed at exceeding expectations. Skilled local property management works diligently to ensure the success of users by providing a professional, well-maintained property to compliment the unique needs of their businesses. Additionally, The Hinman Company has its own team of in-house construction and design professionals standing by to help create thoughtfully designed developments. Strategically located along Trade Centre Way, the site offers unmatched brand exposure with visibility to over 130,000 daily drivers on Interstate 94 and S Westnedge Avenue, which is one of the busiest stretches of Interstate 94 between Chicago and Detroit. The site also benefits from the area’s dense retail including Lowes, Earth Fare, HomeGoods, and Meijer. Synonymous with destination shopping, The Crossroads is a six-minute drive. Customers will appreciate the easy ingress and egress through multiple entrances in addition to the ability for ample parking. Users will benefit from the location’s built-in consumer base that features a mix of demographics, with nearly 1,200 employees currently working at The Trade Centre. This great location features strong economic demographics that offers all the elements that make for a successful business. In addition to the daytime commuter traffic, a population of over 148,644 people lives within a five-mile radius of the property, with the average household income exceeding $71,217.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Submarket/Township: Other area
Taxing Authority: City of Portage
Tax ID/APN: 01900-150-J , 01900-150-K
Zoning: CPD - COMMERCIAL PLANNED DEVELOPMENT
Market Type: Large
Property Located Between: S Westnedge Avenue and Interstate 94
Road Type: Paved
Property Visibility: Excellent
Legal Description: SEC 4 T3S, R11W; COM AT E 1/4 COR TH N 00 DEG 10'09" E ALONG E LI OF SD SEC 650.20 FT TO THE N LI OF THE ASSESSOR'S PLAT OF DEBOER HOMESTEAD ACRES. TH N 89 DEG 55'00" W ALONG SD N LI 669.32 FT TO THE WLY ROW OF WEST FORK CROSSING AS RELOCATED, TH SELY 59.90 FT THEREON ALONG CURVE TO THE LEFT WITH RAD OF 290.00FT AND CHORD BEARING S 18 DEG 31'29" E 59.79 FT, TH CONTINUING ALONG W LI OF WEST FORK CROSSING AS RELOCATED S 24 DEG 26'33" E 135.92 FT TO THE NLY LI OF TRADE CENTRE WAY, TH SWLY THEREON 38.95 FT ALONG A CURVE TO THE LEFT WITH RAD OF 536.01 FT AND CHORD BEARING S 63 DEG 25'45" W 38.94 FT, TH N 89 DEG 55'11" W 94.20 FT, TH S 00 DEG 09'18"E 45.13 FT, TH S 24 DEG 51'00" W 21.77 FT RETURNING TO THE NLY LI OF TRADE CENTRE WAY FOR THE NEXT 6 COURSES, TH S 57 DEG 15'22" W 154.05 FT, TH S 32 DEG 44'38" E 7.53 FT, TH S 57 DEG 47'49" W 8.49 FT SD POB, TH S 57 DEG 47'49" W 136.06 FT, TH SWLY 243.48 FT ALONG CURVE TO THE RIGHT WITH RAD OF 424.00 FT AND CHORD BEARING S 74 DEG 14'53" W 240.15 FT, TH N 89 DEG 18'03" W 69.99 FT, TH N 00 DEG 00'00" E 225.59 FT, TH S 89 DEG 59'56" E 340.48 FT, TH S 40 DEG 29'44" E 116.68 FT TO THE POB. CONTAINING 1.709 ACRESSPLIT/COMBINED ON 01/21/2015 FROM 01900-150-D;SPLIT/COMBINED ON 03/19/2018 FROM 01900-150-F;
Largest Nearby Street: Interstate 94
Feet of Frontage: 812
Traffic/Vehicle Count: 130,000
Highway Access: Interstate 94 - 0.2 Miles , US-131 - 1.3 Miles
Airports: Kalamazoo/Battle Creek International Airport - 2.7 Miles
Area Description: Having built itself up as an economic powerhouse thanks to the production of pharmaceuticals by Pfizer, including the COVID-19 vaccine, and the development of medical technologies by locally based Stryker Corporation, Portage has become one of the most affluent and desirable suburbs in West Michigan. Portage residents enjoy a mostly quiet suburban atmosphere, filled with large homes and attractive apartment complexes. Located about 10 minutes south of Downtown Kalamazoo, the Portage area has been rapidly growing with a projected population growth of 3.0% over the next five years. Together these residents make up a total annual consumer spending of over $3.1 billion, almost $350 million of which was on food and drinking establishments last year. This prominent position and access, along with a high quality of living and friendly business environment, serve to boost the economic growth of Portage and make it an excellent area to locate a company.
Lot Frontage: 812'
Zoning Description: The Commercial Planned Development district permits a mixture of office, commercial and service land uses in a planned manner and permits flexibility in building design, building placement and other site design elements.
Part of Planned Development?: Yes
Development Name: The Trade Centre
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,363 73,636 159,609
Median Age: 38.05 35.36 33.82
Households: 3,608 30,845 65,074

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