Portage, MI
Commercial Real Estate Market Trends & Data

$154 Avg asking sale price
$15 Avg asking lease rate
14,283 SF Avg unit lease size
21,012 SF Avg building size for sale
7.78% Average cap rate

Portage's Demographic Profile

Portage has 20,208 households and a median income of $70,533, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 47,872
# Households 20,208
Median age 39
Median household income $70,533
Avg household size 2.0
Renter-occupied housing units 6,474
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Portage, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Portage $125 11,023 SF 8.72%
Kalamazoo $114 14,628 SF 8.78%
Oshtemo $181 26,449 SF 7.70%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Portage $121 14,161 SF 7.70%
Kalamazoo $97 18,020 SF 7.70%
Oshtemo $173 23,059 SF 7.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Portage $133 42,352 SF
Schoolcraft $54 13,060 SF
Kalamazoo $243 17,752 SF
Comstock $116 4,774 SF
Oshtemo $273 8,266 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Portage $104 18,400 SF 9.60%
Kalamazoo $109 19,619 SF 7.93%
Vicksburg $162 5,000 SF 9.60%
Galesburg $144 21,500 SF 7.25%

Commercial Properties For Sale in Portage

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

6710 Quality Way

Portage, MI 49002

  • 14,075 SF Flex Building
  • $1,762,000
For Sale

D&W Fresh Market | +/-$780 PSF in Sales

Kalamazoo, MI 49008

  • 29,000 SF Retail Building
  • 6.25% Cap Rate
  • $8,084,336
For Sale

4775 Campus Dr

Kalamazoo, MI 49008

  • 23,059 SF Office Building
  • 7.70% Cap Rate
  • $3,995,000
For Sale

4037 S Rose St

Kalamazoo, MI 49001

  • 20,200 SF Multifamily
  • 7.93% Cap Rate
  • $1,899,000
For Sale

3805 S Sprinkle Rd

Kalamazoo, MI 49001

  • 3,324 SF Retail Building
  • 6.50% Cap Rate
  • $1,769,231
For Sale

8324/8328 Portage rd.

Portage, MI 49002

  • 5,349 SF Retail Building
  • $349,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Portage pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Portage $154 21,012 SF
Schoolcraft $90 9,218 SF
Kalamazoo $158 22,525 SF
Vicksburg $116 6,522 SF
Comstock $158 10,765 SF

Regional Demographic Comparison

This comparison places Portage alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Portage or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Portage 47,872 20,208 39 $70,533 2 6,474 -1%
Schoolcraft 1,362 562 39 $73,946 2 163 -3%
Kalamazoo 75,095 30,476 30 $43,727 2 17,708 1%
Comstock 14,609 6,218 39 $70,336 2 1,906 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Portage, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Portage

View All Commercial Real Estate For Sale in Portage
Is Portage a good market for a first-time commercial real estate investor?

Portage offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Portage?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Portage. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Portage?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Portage. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Portage compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Portage. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Portage acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Portage, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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