1830-1879 172Nd AveGrand Haven, MI 49417

For Sale
$4,287,781

High-traffic, 100% occupied retail center.

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents South Village Plaza, a 31,034 square foot retail center located at 1830-1879 172nd Ave, Grand Haven, MI 49417 (Ottawa County). Built in 1996, this multi-tenant property sits on a 4.03-acre lot (APN 70-03-33-201-004) and boasts a 7.75% cap rate with a current NOI of $332,303. The property is currently 100% occupied with a diverse mix of national and local tenants, including Powerhouse Gym, Sherwin Williams, Nature's Envy, and Sweet Fire Tobacco (a recent new lease signing). Benefiting from a prime location in Grand Haven's commercial corridor, the center enjoys high visibility and traffic, shadowed by D&W Fresh Market and in close proximity to major retailers such as Meijer, Walmart, and Goodwill. This well-maintained property offers a strong operating history and presents a compelling investment opportunity in a thriving market. The asking price is $4,287,781. The lease type is modified.

Highlights

  • High-traffic tourist hub in Grand Haven, MI.
  • Strategic location in Grand Haven's commercial corridor, near major retailers.
  • Strong demographics in a thriving market.
  • Recently renovated, 100% occupied, 31,034 SF retail center with a 7.75% cap rate and $332,303 NOI; asking price $4,287,781.

Property Details for 1830-1879 172Nd Ave

Property type
Other retail properties, Retail properties
Square Feet
31,034 SF
Year Built
1996
Lot Size (sq. ft)
175,547 SF

Location Insight

City
Grand Haven
County
Ottawa
State
Michigan
Latitude
43.0422193
Longitude
-86.2140232
1830-1879 172Nd Ave, Grand Haven, Michigan

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1830-1879 172Nd Ave
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