Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4221 Grand Haven Rd Norton Shores, MI 49441

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,900

    Well-established family restaurant with high traffic location and endless opportunities.

    Lot size:
    0.73 Acres
    Added:
    May 9, 2025
    Days on Market:
    358
    Last Refresh:
    Jan 20 at 11:10 am

    Property Features for 4221 Grand Haven Rd

    General Information

    Standard status
    Active
    Lot size
    0.73 Acres

    We can help!

    Listing Contact
    Charlie Brown
    Charlie Brown

    Listing agent Charlie Brown License #6502127212

    Listing office Greenridge Realty White Lake

    Listing date May 9, 2025

    Source Exprealty

    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 Greenridge Realty White Lake

    Overview

    Established Restaurant in Norton Shores

    This is an opportunity to own a well-established, family-run restaurant located in Norton Shores. The restaurant has an old-time look and feel. It is situated in a prime location with high traffic and exposure. The restaurant offers indoor seating and drive-in spots. The sale includes all kitchen appliances and equipment. The seller is willing to train or help the buyer get started. The property is suitable for drive-through restaurants, restaurants, and turn-key restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Norton Shores
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.2682
    Latitude
    43.1806

    Nearby Similar for Sale

    • $479,900
      2,854 SF

      Norton Shores Office Property For Sale

      2.13 acre office property in prime Norton Shores location.
      4631 S Harvey Street, Norton Shores, MI 49444
      View Details
    • $371,000
      3,175 SF

      Established Restaurant in Norton Shores

      Well-established restaurant for sale in Norton Shores, Michigan.
      1971 W Sherman Boulevard, Norton Shores, MI 49441
      View Details
    • $399,900
      2,184 SF

      Norton Shores Restaurant Opportunity

      Established drive-in restaurant with high traffic location in Norton Shores.
      4221 Grand Haven Road, Norton Shores, MI 49441
      View Details
    • $1,750,000
      15,099 SF

      Industrial Building Near Muskegon Airport

      15,000 SqFt industrial building near major highways and airport.
      851 E Porter Road, Norton Shores, MI 49441
      View Details
    • $299,900
      560 SF

      Norton Shores Investment Opportunity

      Four residential properties with rental history in Norton Shores, MI.
      2844 Valley Street, Norton Shores, MI 49444
      View Details
    • $2,597,317
      3 SF

      McAlister's Deli Investment Opportunity

      3,450 SF building on 1.1-acre parcel leased to McAlister’s Deli.
      5081 Harvey Street | Norton Shores, MI 49444, MI 49444
      View Details
    • Contact for pricing
      349 SF

      Retail Center Near Major Mall

      Retail center shadow-anchored by Target and near The Lakes mall.
      5103-5363 Harvey Street | Norton Shores, MI 49444, MI 49444
      View Details
    • $1,195,000
      12,174 SF

      Norton Shores Professional Office Building

      Two-story medical/professional office building in desirable Henry Street corridor.
      3587 Henry St, Norton Shores, MI 49441
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Well-established family restaurant with high traffic location and endless opportunities.
    Where is this drive through restaurant located?
    The property is located at 4221 Grand Haven Rd Norton Shores, MI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Prime location in a high‑traffic area with tons of exposure.; All kitchen appliances and equipment are included.; Opportunity to continue existing business or implement a new concept.
    (231) 855-0296
    We can help!
    Listing Contact
    Charlie Brown
    Charlie Brown
    Real Estate License ID: 6502127212
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!