Norton Shores Commercial Building on
4895 Harvey Street Norton Shores, MI 49444
4895 Harvey Street, Norton Shores, MI, 49444
$500,000
For Sale
$500,000
COMMERCIAL - Norton Shores, MI
Property Size1,650 SF
Lot Size2.31 Acres
Price / SF$303.03
Days on Market444
Property Features for 4895 Harvey Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 61-27-116-400-0028-00
- Size
- 1,650 SF
- Lot size
- 2.31 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CITY OF NORTON SHORES N 1/2 OF E 1/2 OF SE 1/4 OF SE 1/4 EXC N 495 FT TH'OF SEC 16 T9N R16W SUBJ TO WATERMAIN ESMT ...
- Tax Annual Amount
- 3741
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
Building Details
- Year built
- 1953
- Number of units
- 1
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agency
Tucker Benner Realty LLC
(231) 246-8720
Listed by
Marilyn K Tucker · License #6502422604
(231) 730-8781
Added: May 6, 2025 Updated: May 4 at 10:11AM Checked: Jul 23 at 8:06AM
MLS# 25020147
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.
Located on Harvey Street in a commercial district, this property features a 1,650-square-foot building situated on 2.31 acres. The property is zoned PUD-PUD. It is equipped with an active extra well, public water, sewer, and power. The location offers convenient access to expressways, retail establishments, and restaurants. Potential uses for the property include retail or clearing the land for new construction.
Key Highlights
- High‑traffic location on Harvey St in a popular commercial district.
- Large 2.31‑acre lot with redevelopment potential.
- Includes active extra well, public water, sewer, and power.
Local Financial Insights For 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 | $25.5k | $15.48 |
| − Vacancy | −$1.1k | −$0.65 |
| EGI | $24.5k | $14.83 |
| − OpEx | −$7.3k | −$4.45 |
| NOI | $17.1k | $10.38 |
1,650 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$244.7K
$214.1K – $285.5K
NOI $17,128 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$20.52M
$17.95M – $23.94M
NOI $1,436,274 @ 7.0% cap · market cap 287.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercial building with land in a busy retail district.
Where is this commercial land located?
The property is located at 4895 Harvey Street Norton Shores, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High‑traffic location on Harvey St in a popular commercial district.; Large 2.31‑acre lot with redevelopment potential.; Includes active extra well, public water, sewer, and power.
