Restaurant Opportunity in Norton
4221 Grand Haven Road Norton Shores, MI 49441
4221 Grand Haven Road, Norton Shores, MI, 49441
$399,900
For Sale
$399,900
COMMERCIAL - Norton Shores, MI
Property Size2,184 SF
Lot Size0.73 Acres
Price / SF$183.10
Days on Market66
Property Features for 4221 Grand Haven Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Parking
- 30
- Standard status
- Active
- APN
- 27-602-000-0089-00
- Size
- 2,184 SF
- Lot size
- 0.73 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CITY OF NORTON SHORES MC COMBS NO 2 LOT 89 EXC N 147 FT TH'OF
- Tax Annual Amount
- 6579
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1967
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Composition
Listing Agency
Greenridge Realty White Lake
(231) 893-4444
323 E Colby St, Grand Rapids, MI
Listed by
Charlie Brown · License #6502127212
(231) 855-0296
Added: May 12 Checked: Jul 16 at 5:06 pm
MLS# 26022384
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.
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a long-standing, family-owned restaurant in the heart of Norton Shores, Michigan. The property is known for its nostalgic charm and classic drive-in atmosphere, and has built a loyal customer base over the years. The property is located in a prime high-traffic area with excellent visibility. The property features both indoor dining and traditional drive-in service. The building size is 2184 square feet and the lot size is 0.73 acres. All kitchen equipment and appliances are included. The seller is also willing to provide training and support to help ensure a smooth transition for the new owner. Whether you choose to continue the current successful operation or introduce a fresh new concept, the possibilities are endless. The property is located at 4221 Grand Haven Road, Norton Shores, MI 49441.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $15.48 |
| − Vacancy | −$1.4k | −$0.65 |
| EGI | $32.4k | $14.83 |
| − OpEx | −$8.1k | −$3.71 |
| NOI | $24.3k | $11.12 |
2,184 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$347.0K
$303.6K – $404.9K
NOI $24,291 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$27.16M
$23.76M – $31.69M
NOI $1,901,104 @ 7.0% cap · market cap 475.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Long-standing family restaurant with drive-in in high-traffic area.
Where is this drive through restaurant located?
The property is located at 4221 Grand Haven Road Norton Shores, MI.
What is the asking price?
The asking price for this property is $399,900.
