570 Seminole RdNorton Shores, MI 49444

For Sale
$1,872,258

Class A Office & Retail Center, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A commercial property, the Rehmann Building, presents a compelling investment opportunity in the thriving Greater Muskegon area. Located at 570 Seminole Rd, Norton Shores, MI 49444, this 18,650 square foot building boasts a desirable blend of retail and executive office space, perfect for owner-users or investors. Built in 1991 and renovated in 2009, the property features a high degree of architectural design, making it ideal for financial, legal, IT, or medical businesses. Currently operating at 86% occupancy, the building generates a strong NOI of $191,967.78, resulting in an attractive 10.25% cap rate. The asking price is $1,872,258, translating to $100.39 per square foot. Situated on a 1.11-acre lot with convenient C-2 zoning, the property offers 50 free parking spaces and two curb cuts. Its prime location just west of Business 31 (Seaway Drive) benefits from high visibility and an average daily two-way traffic count of 9,368 cars. The building's multi-tenancy structure and modified lease type provide flexibility and potential for future growth. This is a rare opportunity to acquire a well-maintained, high-performing asset in a dynamic market.

Highlights

  • High daily traffic count: 9,368 vehicles.
  • C-2 zoning.
  • Two curb cuts provide excellent access.
  • Built in 1991, renovated in 2009.
  • 50 free parking spaces available.
  • Norton Shores location.

Property Details for 570 Seminole Rd

Property type
Lifestyle centers, Power centers
Square Feet
18,650 SF
Class
A
Year Built/Renovated
1991/2009
Lot Size (sq. ft)
48,352 SF

Location Insight

City
Norton Shores
County
Muskegon
State
Michigan
Latitude
43.1874668
Longitude
-86.2581176
570 Seminole Rd, Norton Shores, Michigan

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570 Seminole Rd
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