Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Norton Shores Title is generated by Realmo AI

    1476 E Ellis Road, Norton Shores, MI 49444

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    COMMERCIAL - Norton Shores, MI

    Type:Retail
    Property size:
    12,000 SF
    Price / SF:
    $108/SF
    Added:
    May 4, 2026
    Days on Market:
    18
    Last Refresh:
    May 21 at 10:06 am

    Property Features for 1476 E Ellis Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    40
    Interior features
    Broadband
    Standard status
    Active
    APN
    27-274-000-0002-00
    Size
    12,000 SF

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    CITY OF NORTON SHORES ELLIS ROAD A SITE CONDOMINIUM UNIT 2
    Tax Annual Amount
    18637

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    3
    Building materials
    Concrete, Brick

    We can help!

    Listing Contact
    Josh Jacobs

    Listing agent Josh Jacobs

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date May 4, 2026

    MLS# 26019710

    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

    • Located in Norton Shores' primary retail corridor with high traffic.
    • Anchored by The Lakes Mall and surrounded by high‑traffic centers.
    • Strong co‑tenancy mix with national brands like Target, Kohl's, TJ Maxx, & Ollie's Bargain Outlet.
    • Excellent visibility along Harvey Street (US‑31).
    • Convenient access for local residents and visitors.
    • Built in 2004 with concrete and brick construction.

    Overview

    Located in the heart of Norton Shores' primary retail corridor, this commercial property benefits from a busy shopping environment along the West Michigan lake shore. The area, anchored by The Lakes Mall and surrounded by high-traffic centers like Lakeshore Marketplace and Lakes Crossing, attracts regional shoppers from across the greater Muskegon market. The retail hub features national brands including Target, Kohl's, TJ Maxx, and Ollie's Bargain Outlet. The concentration of big-box anchors, specialty retailers, and service-oriented businesses ensures broad consumer appeal and sustained foot traffic throughout the day. The property has visibility along the heavily traveled Harvey Street corridor (US-31) and convenient access for local residents and visitors. The property size is 12000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • The Lakes Mall — 5600 Harvey St #1044, Muskegon, MI 49444
    • Coin Cloud Bitcoin ATM — 5600 Harvey St, Muskegon, MI 49444
    • Papou's Plaza — 4543 Grand Haven Rd, Norton Shores, MI 49441
    • Lakeshore Marketplace — 5141 Harvey St, Norton Shores, MI 49444

    Map

    City
    Norton Shores
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.1901
    Latitude
    43.1832

    Nearby Similar for Sale

    • $479,900
      2,854 SF

      Norton Shores Office Property For Sale

      2.13 acre office property in prime Norton Shores location.
      4631 S Harvey Street, Norton Shores, MI 49444
      View Details
    • $99,900
      632 SF

      Norton Shores Commercial Office Space

      Turn-key office space near Trinity Hospital and US 31.
      922 E Broadway Avenue, Norton Shores, MI 49444
      View Details
    • $1,750,000
      15,099 SF

      Industrial Building Near Muskegon Airport

      15,000 SqFt industrial building near major highways and airport.
      851 E Porter Road, Norton Shores, MI 49441
      View Details
    • $399,900

      Established Restaurant in Norton Shores

      Well-established family restaurant with high traffic location and endless opportunities.
      4221 Grand Haven Rd, Norton Shores, MI, 49441-5503
      View Details
    • $299,900
      560 SF

      Norton Shores Investment Opportunity

      Four residential properties with rental history in Norton Shores, MI.
      2844 Valley Street, Norton Shores, MI 49444
      View Details
    • $2,597,317
      3 SF

      McAlister's Deli Investment Opportunity

      3,450 SF building on 1.1-acre parcel leased to McAlister’s Deli.
      5081 Harvey Street | Norton Shores, MI 49444, MI 49444
      View Details
    • Contact for pricing
      349 SF

      Retail Center Near Major Mall

      Retail center shadow-anchored by Target and near The Lakes mall.
      5103-5363 Harvey Street | Norton Shores, MI 49444, MI 49444
      View Details
    • $1,195,000
      12,174 SF

      Norton Shores Professional Office Building

      Two-story medical/professional office building in desirable Henry Street corridor.
      3587 Henry St, Norton Shores, MI 49441
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prime retail location in a high-traffic shopping corridor.
    Where is this shopping center located?
    The property is located at 1476 E Ellis Road Norton Shores, MI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Located in Norton Shores' primary retail corridor with high traffic.; Anchored by The Lakes Mall and surrounded by high‑traffic centers.; Strong co‑tenancy mix with national brands like Target, Kohl's, TJ Maxx, & Ollie's Bargain Outlet.
    (269) 353-0311
    We can help!
    Listing Contact
    Josh Jacobs
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1476 E Ellis Road, Norton Shores, MI 49444
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!