Multi-Tenant Retail
New
For Sale
$1,300,000
1125 S Beacon Boulevard, Grand Haven, MI 49417
Commercial Sale, Grand Haven, MI
Property Size6,000 SF
Lot Size0.69 Acres
Price / SF$216.67
Days on Market3
Property Features for 1125 S Beacon Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 1, Bathroom 4
Interior features
Broadband
Elementary school district
Grand Haven
Middle school district
Grand Haven
High school district
Grand Haven
Standard status
Active
APN
70-03-28-302-022
Size
6,000 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF SE 1/4 OF NW 1/4 OF SW 1/4 COM NE COR, TH S 01D 47M W 120 FT, N 89D 46M 56S W 33 FT, S 01D 47M W 25.1 FT, N 87D
Tax Annual Amount
18969
Legal Description
PART OF SE 1/4 OF NW 1/4 OF SW 1/4 COM NE COR, TH S 01D 47M W 120 FT, N 89D 46M 56S W 33 FT, S 01D 47M W 25.1 FT, N 87D
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
1
Number of units
4
Building materials
Vinyl Siding, Brick, Metal Siding
Roof type
Rubber
Listing Agency:
Greenridge - Nexes
(231) 739-3501
Listed By:
Michael J Lonnee · License #6501290296
(231) 578-0580
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 24 at 11:06PM
MLS# 26050625
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.
The retail property at 1125 S Beacon Boulevard contains 6,000 square feet on a 0.69-acre parcel. Its tenant roster includes two national businesses and one local operator, with all three leases structured as NNN and substantial terms remaining. The building dates to 1980 and has undergone recent updates.
Vinyl, brick, and metal siding complement a rubber roof. The property has forced-air heating, central air conditioning, broadband, and cable availability.
Vinyl, brick, and metal siding complement a rubber roof. The property has forced-air heating, central air conditioning, broadband, and cable availability.
Key Highlights
- 6,000‑square‑foot retail building on 0.69 acres
- Two national tenants and one local tenant
- All leases are NNN, with many years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,700
$1.2M
Cap Rate 7%
$889,786
$889.8K
Cap Rate 9%
$692,056
$692.1K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$92.9K $15.48/SF
− Vacancy
−$3.9K −$0.65/SF
EGI
$89.0K $14.83/SF
− OpEx
−$26.7K −$4.45/SF
NOI
$62.3K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,700
Cap Rate 7%
$889,786
Cap Rate 9%
$692,056
Alternative Uses
Best Use
Retail
$889.8K
$778.6K – $1.04M
NOI $62,285 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$74.61M
$65.29M – $87.05M
NOI $5,222,814 @ 7.0% cap · market cap 401.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 25%
Apparel 7%
Hotels & Casinos 4%
McDonald's
Dining
26,127 visits/mo
0.2 miles
Taco Bell
Dining
18,131 visits/mo
0.2 miles
Burger King
Dining
12,899 visits/mo
0.3 miles
Goodwill
Apparel
8,420 visits/mo
0.5 miles
KFC
Dining
7,705 visits/mo
0.2 miles
Demographics for 49417, MI
32,406
Population
14,709
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
95%
High-School Grad
46.9 sq mi
ZIP Area
691
Density / Sq Mi
$84,476
Median Household Income
$45,392
Median Earnings
$1,101
Median Rent
$287,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Three occupants operate under triple-net leases, including two national businesses and one local tenant.
Where is this strip mall located?
The property is located at 1125 S Beacon Boulevard Grand Haven, 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: 6,000‑square‑foot retail building on 0.69 acres; Two national tenants and one local tenant; All leases are NNN, with many years remaining
