255 Seminole RdNorton Shores, MI 49444

For Sale
$1,295,000

Norton Shores, MI: Profitable Multi-Tenant Building

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 255 Seminole Rd in Norton Shores, Michigan, presents a compelling investment opportunity. The 18,240 square foot building, constructed in 2007, boasts a Class A designation and sits on a 0.21-acre lot (APN 27-265-000-0005-00). Currently operating under a Net Lease (NNN) agreement with multiple tenants, this two-story building offers a diverse range of uses including bar, restaurant, and traditional office space. The asking price is $1,295,000, translating to $71 per square foot. The property is zoned PUD and benefits from high visibility, situated at the intersection of Seminole Road and Seaway Drive (Business 31). Recent improvements to the surrounding area include new roads and streetscaping, enhancing the property's appeal and accessibility. Current tenants include a diverse mix of businesses, creating a vibrant and stable occupancy. The second-floor office space features nine offices, a reception area, billing office, break room, and separate men's and women's restrooms. This turnkey investment offers strong potential for long-term growth and passive income in a thriving area of Norton Shores. The property's location provides excellent exposure to high traffic volume, ensuring consistent visibility for all tenants. This is a rare opportunity to acquire a well-maintained, multi-tenant property in a desirable location with a proven track record of success. The property is owned by an LLC.

Highlights

  • Exceptional mixed-use investment opportunity in Norton Shores, MI.
  • 18,240 SF Class A building on a 0.21-acre lot (APN 27-265-000-0005-00), built in 2007.
  • $1,295,000 asking price ($71/SF), Net Leased (NNN) with multiple tenants.
  • Two-story building with diverse uses (bar, restaurant, office); high visibility at Seminole Rd & Seaway Dr (Bus 31).
  • Second floor features nine offices, reception, billing office, break room, and restrooms.

Property Details for 255 Seminole Rd

Property type
Other retail properties, Restaurants
Square Feet
18,240 SF
Class
A
Year Built
2007
Buildings
1
Stories
2
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Norton Shores
County
Muskegon
State
Michigan
Latitude
43.1888182
Longitude
-86.2505921
255 Seminole Rd, Norton Shores, Michigan

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255 Seminole Rd
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