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5401 Portage Rd - Availability Details

Off-Market

5401 Portage Rd, Portage, MI 49002

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  • Property Type Retail
  • Property Size 20,995 Sqft

Location

  • City Portage, MI
  • Neighborhood Millwood
  • Zip Code 49002
  • Market Grand Rapids

Contacts

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Owner

  • Registered Owner

Brokers

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Documents

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Market Trends

Average Actual Rents in Portage

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Portage Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $18.70
  • 2020 Office Vacancy Rate 34.95%
  • 2020 Office Completions (Sqft)
View more Portage market trends

Tax

  • Property Tax in 2020 $49,722
  • Market Value $1,481,000
  • Assessed Value $1,481,000

Find more tax info, including assessment history and abatements, on CommercialEdge