1136 W Randall Street G, Coopersville, MI 49404

Building Details

Year Built 2004 More

Buildings 1 More

Units 1 More

Listing Agency: Keller Williams Professionals

Listed By: Jeff Glover · License #MI 6501317808 Show Phone

Source: Crexi

Added: Jun 13 Changed: Nov 3 Last Checked: Nov 6 at 6:44AM

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$11,419

Cap Rate

3.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,380 $228.4K

Cap Rate 7%

$163,129 $163.1K

Cap Rate 9%

$126,878 $126.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$17.0K $15.48/SF

− Vacancy

−$715 −$0.65/SF

EGI

$16.3K $14.83/SF

− OpEx

−$4.9K −$4.45/SF

NOI

$11.4K $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 Rate 5%

$228,380

Cap Rate 7%

$163,129

Cap Rate 9%

$126,878

Alternative Uses

Best Use

Retail

$163.1K

$142.7K – $190.3K (±1% cap)

NOI $11,419 @ 7.0% cap · market cap 3.81%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$13.68M

$11.97M – $15.96M (±1% cap)

NOI $957,516 @ 7.0% cap · market cap 319.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service Furniture & Home Goods Parking Lot & Garage Law Firm Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Average Price Trend$/SF for Storefront properties in Ottawa County, MI

$214 Jul

$188 Aug

$181 Sep

$159 Oct

Properties on Market for Storefront properties in Ottawa County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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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.