Turn-Key Retail Lounge
For Sale
Contact for pricing
1136 W Randall Street G, Coopersville, MI 49404
Fully operational lounge with retail display space, storefront glass, and dedicated rear exit in a busy plaza setting.
Property Size1,100 SF
Price / SF$272.73
Days on Market55
Property Features for 1136 W Randall Street G
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Business for Sale, Retail
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
2004
Listing Agency:
Keller Williams Professionals
(734) 459-4700
Listed By:
Jeff Glover · License #MI 6501317808
Source:
Crexi
Added: Jun 13
Changed: Jul 10
Last Checked: Aug 5 at 1:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Professionals
Investment Insights
Based on property information with market context.
This fully operational, turn-key retail lounge includes the existing in-place retail setup and inventory required to open immediately. The storefront features modern glass windows and ample display space, complemented by dedicated rear exit access for day-to-day operations. The offering is described as a diversified retail mix, with stocked shelves that include specialty accessories, glassware, and a selection of daily groceries.
The business is located within Skylar Plaza, positioned along a busy commercial corridor just moments from the Interstate 96 interchange. Customer access is supported by a massive, shared asphalt parking lot. Prominent pylon signage is visible from the main roadway, designed to capture attention from passing highway and local traffic.
This listing is for the business opportunity only and does not include the real estate. The buyer assumes the lease and becomes responsible for utilities under a triple net lease structure. Financials, lease terms, and a full asset inventory are available upon signing an NDA. Please note that the property tax amount is described as pending verification and will be updated once confirmed.
The business is located within Skylar Plaza, positioned along a busy commercial corridor just moments from the Interstate 96 interchange. Customer access is supported by a massive, shared asphalt parking lot. Prominent pylon signage is visible from the main roadway, designed to capture attention from passing highway and local traffic.
This listing is for the business opportunity only and does not include the real estate. The buyer assumes the lease and becomes responsible for utilities under a triple net lease structure. Financials, lease terms, and a full asset inventory are available upon signing an NDA. Please note that the property tax amount is described as pending verification and will be updated once confirmed.
Key Highlights
- Fully operational retail lounge/business opportunity at 1136 W Randall St in Coopersville, MI (Year built: 2004).
- Located in Skylar Plaza with storefront glass windows, ample retail display space, and dedicated rear exit access.
- Prominent pylon signage provides visibility from the main roadway.
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 | $17.0k | $15.48 |
| − Vacancy | −$715 | −$0.65 |
| EGI | $16.3k | $14.83 |
| − OpEx | −$4.1k | −$3.71 |
| NOI | $12.2k | $11.12 |
1,100 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$174.8K
$152.9K – $203.9K
NOI $12,235 @ 7.0% cap · market cap 4.08%
Second Best
Retail
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 3.81%
Theoretical Best
Multifamily LT 5
$13.68M
$11.97M – $15.96M
NOI $957,516 @ 7.0% cap · market cap 319.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
142k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 35%
Groceries 13%
Home Improvements & Furnishings 6%
McDonald's
Dining
29,253 visits/mo
0.1 miles
Speedway
Shops & Services
19,560 visits/mo
0.1 miles
Family Fare
Groceries
17,913 visits/mo
0.1 miles
Citgo
Shops & Services
12,433 visits/mo
Arby's
Dining
11,275 visits/mo
0.1 miles
Demographics for 49404, MI
8,913
Population
3,369
Households
2.6
Avg Household Size
36
Median Age
25%
College-Educated
93%
High-School Grad
62.4 sq mi
ZIP Area
143
Density / Sq Mi
$77,970
Median Household Income
$41,755
Median Earnings
$1,041
Median Rent
$271,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully operational lounge with retail display space, storefront glass, and dedicated rear exit in a busy plaza setting.
Where is this storefront property located?
The property is located at 1136 W Randall Street G Coopersville, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Fully operational retail lounge/business opportunity at 1136 W Randall St in Coopersville, MI (Year built: 2004).; Located in Skylar Plaza with storefront glass windows, ample retail display space, and dedicated rear exit access.; Prominent pylon signage provides visibility from the main roadway.
