Offering Memorandum

Investment Sale

South Village Plaza

1830-1879 172nd Ave
Grand Haven, Michigan

eCode:070i

Sales Price

$4,287,781

NOI

$332,303

Cap Rate

7.75%

Building Size

31,034 SF

Lot Size

4.03 AC

Year Built

1996

Tenant Roster

  • Powerhouse Gym
  • Sherwin Williams
  • Nature’s Envy
  • Sweet Fire Tobacco
  • Pampered Pups
  • Quality Vacuum

Traffic Count

US-31 (31,685 CPD)
Robbins Rd (6,083 CPD)

Highlights

  • High-Traffic Tourist Hub
  • Strategic Location in Grand Haven’s Commercial Corridor
  • Strong Demographics
  • Recent Investments

Radius 1 mile 3 mile 5 mile
Population Density 6,712 27,272 49,722
Household Income $84,966 $111,669 $122,681
Daytime Pop 8,006 19,715 24,980

SIMILAR PROPERTIES

Multi-Tenant
MICHIGAN, FLORIDA, ILLINOIS, INDIANA,
VIRGINIA, MISSOURI, North Carolina

Unpriced | 662,257 SF
Multi-Tenant
1143-1161 Williams Reserve Blvd
Wadsworth, Ohio

$5,119,252 | 45,525 SF
Single-Tenant
408 W Maumee St
Adrian, Michigan

$1,710,000 | 19,833 SF
Multi-Tenant
4025 24th Ave
Fort Gratiot, Michigan

$10,200,000 | 86,923 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement