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

    13040 Us Highway 31, Unit H Grand Haven, MI 49417

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr

    1,360 SF suite in a high-traffic retail center.

    Lot size:
    2.25 Acres

    Property Features for 13040 Us Highway 31

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    2.25 Acres

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    David Ten Cate
    Source: Elliman

    Listing Agency: Capstone Real Estate LLC Listing Agent: David Ten Cate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail-Office Space on US-31

    This 1,360 square foot suite is located in a retail-office space center along US-31, situated between Lincon and Ferris Street. The space features an industrial aesthetic, characterized by high ceilings, exposed ductwork, and commercial floor coverings. It includes an ADA-compliant restroom. A doorway provides connection to the adjacent Suite G, potentially creating a combined space of 2,544 square feet. The center hosts a diverse mix of occupants, including Mancino's, Mugs Party Store, and Rockin' Thai. The location is just two doors south of a new Wesco in Grand Haven Township. The property benefits from a highly visible pylon sign, easy access, and ample paved parking. It is offered as a modified gross lease with terms of 60 to 120 months, making it suitable for a community operator.
    Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Haven
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.202249
    Latitude
    43.005128

    Nearby Similar for Lease

    • $22 SF/Yr
      10,980 SF

      New Professional Office Space

      New professional office space in Grand Haven's vibrant East side.
      811 S Beechtree St, Grand Haven, MI 49417
      View Details
    • $26 SF/Yr
      2,360 SF

      Turn-Key Office Suite in Grand Haven

      Professionally finished office suite in a prime Grand Haven location.
      16986 Robbins Rd, Grand Haven, MI 49417
      View Details
    • $15 SF/Yr
      1,500 SF

      Grand Haven Commercial Space For Lease

      Prime retail or office space on Grand Haven's Beacon Boulevard.
      601 S Beacon Blvd, Grand Haven, MI 49417
      View Details
    • $14 SF/Yr
      1,360 SF

      Retail Space with Drive-Up Window

      1,360 SF retail space with drive-up window in Grand Haven.
      13040 Unit, Grand Haven, MI 49417
      View Details
    • $14 SF/Yr
      1,360 SF

      Retail Space in Grand Haven

      Retail space with industrial vibe, high ceilings, and ample parking.
      13040 Us-31 Unit, Grand Haven, MI 49417
      View Details
    • $15 SF/Yr
      1,100 SF

      Grand Haven Retail/Office Space

      High-visibility retail or office space on Beacon Blvd in Grand Haven.
      601 S Beacon Blvd, Grand Haven, MI 49417
      View Details
    • $13 SF/Yr
      Pending

      Grand Haven Office Space Available

      Private office space with great visibility and ample parking.
      16930 Robbins Rd, Grand Haven, MI 49417
      View Details
    • $26 SF/Yr

      Turn-Key Office Suite in Grand Haven

      Professional office suite with high-end finishes and prime location.
      16986 Robbins Rd, Grand Haven, MI 49417
      View Details
    • $22 SF/Yr

      New Professional Office Space Available

      New office suites available for lease in Grand Haven.
      811 S Beechtree St, Grand Haven, MI 49417
      View Details
    • $14 SF/Yr

      Retail Space with Drive-Up Window

      End-cap suite with drive-up in a busy power center.
      13040 Us Highway 31, Grand Haven, MI 49417
      View Details
    • $14 SF/Yr

      Retail Space with Industrial Vibe

      Retail suite with high ceilings and ample parking available.
      13040 Us Highway 31, Grand Haven, MI 49417
      View Details
    • Contact for pricing
      2,385 SF

      Grand Haven Retail Space Available

      Prime retail space in Grand Haven business district for lease.
      805-809 S Beacon Blvd, Grand Haven, MI 49417
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,360 SF suite in a high-traffic retail center.
    Where is this retail space located?
    The property is located at 13040 Us Highway 31, Unit H Grand Haven, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on US-31 with pylon sign.; - Option to combine with adjacent Suite G for a total of 2,544 SF.; - Located in a retail-office center with a mix of established businesses.
    (616) 847-1031
    Request Owner's contact information
    13040 Us Highway 31, Unit H Grand Haven, MI 49417
    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.
    13040 Us Highway 31, Unit H
    Grand Haven, MI 49417
    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
    13040 Us Highway 31, Unit H Grand Haven, MI 49417
    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

    We can help!
    Listing Contact
    David Ten Cate
    Real Estate License ID: 6502325769
    (616) 847-1031 (616) 502-1155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!