1830-1879 172Nd AveGrand Haven, MI 49417

For Sale

$4,287,781

High-traffic, 100% occupied retail center.

Property records and analytics

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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