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    Retail Space in Grand Haven Title is generated by Realmo AI

    13040 US-31, Grand Haven, MI 49417

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    For Lease
    $14 SF/Yr $1,586/Mo (calc)

    COMMERCIAL - Grand Haven, MI

    Type:Retail
    Property size:
    1,360 SF
    Lot size:
    2.25 Acres
    Added:
    Oct 30, 2024
    Days on Market:
    579
    Last Refresh:
    May 31 at 7:06 am

    Property Features for 13040 US-31

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Fireplace
    1
    Standard status
    Active
    APN
    70-07-10-300-036
    Size
    1,360 SF
    Lot size
    2.25 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    PART OF SW 1/4 COM W 1/4 COR, TH S 89D 17M 28S E 1129.37 FT ALG E&W 1/4 LI, TH S 0D 11M 59S W 330 FT, N 89D 17M 28S W 202 FT, S 0D 11M 59S W 474.35 FT, S 89D 17M 28S E 30 FT, S 0D 11M 59S W 326.1 FT, N 89D 17M 28S W 171.17 FT TO PT OF BEG,TH S 0D 11M 59S W 200 FT, N 89D 17M 28S W 126 FT, S 22D 27M 37S E 159.75 FT, N 89D 18M 37S W 132 FT, N 22D 27M 37S W 385.73 FT ALG E'LY LI OF HWY US-31, TH N 67

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    David Ten Cate

    Listing agent David Ten Cate License #6502325769

    Listing office Capstone Real Estate LLC PO Box 261, Grand Haven, MI

    Listing date Oct 30, 2024

    MLS# 24056959

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location on US‑31 with pylon sign.
    • Easy access and ample paved parking.
    • Located near a brand new Wesco and established businesses (Mancino's, Mugs Party Store, Rockin' Thai).
    • Potential for expansion by combining with adjacent Suite G for a total of 2,544 SF.
    • Industrial aesthetic with HIGH CEILINGS and EXPOSED DUCTWORK.
    • Includes an ADA restroom.

    Overview

    This 1,360 square foot suite is located in a retail-office space center along US-31, situated between Lincoln and Ferris Street. The space features an industrial aesthetic characterized by high ceilings, exposed ductwork, and commercial floor coverings. It includes an ADA-compliant restroom. A doorway provides connection to the adjacent Suite G, potentially creating a combined space of 2,544 square feet. The center hosts a mix of occupants, including Mancino's, Mugs Party Store, and Rockin' Thai. The property is located just two doors south of the new Wesco in Grand Haven Township. The location offers a highly visible pylon sign, easy access, and ample paved parking. The property is situated on a 2.25-acre lot. It is offered as a 60-month, modified gross lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Haven
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.202249
    Latitude
    43.005128

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    FAQs

    What type of property is this?
    Retail space - Retail space with industrial vibe, high ceilings, and ample parking.
    Where is this retail space located?
    The property is located at 13040 US-31 Grand Haven, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on US‑31 with pylon sign.; Easy access and ample paved parking.; Located near a brand new Wesco and established businesses (Mancino's, Mugs Party Store, Rockin' Thai).
    (616) 847-1031
    We can help!
    Listing Contact
    David Ten Cate
    Real Estate License ID: 6502325769
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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