1830 172Nd AveGrand Haven, MI 49417

South Village Plaza, located at 1830 172nd Ave in Grand Haven, Michigan (Ottawa County, zip code 49417), presents a compelling investment opportunity in a thriving retail market. This single-story, 31,034 square foot shopping center sits on a 2-3 acre lot and is zoned C-2 Commercial. Currently operating at 75% occupancy, the property boasts a stabilized investment profile with a pro-forma NOI of $267,000 and a pro-forma cap rate of 8.34%. The asking price is $3,200,000, translating to a price per square foot of $102.56. The center features multiple suites available for lease, ranging from 1,600 to 3,200 square feet, under a Net Net + lease structure. Strategically positioned between D&W Fresh Market and Meijer, with convenient access to US-31, South Village Plaza benefits from high visibility and significant foot traffic. Current tenants include Sherwin Williams and Powerhouse Gym, among others, demonstrating a diverse and established tenant base. This property offers a strong return on investment with potential for future growth and increased occupancy. The building consists of one building with a total of 31,200 square feet.