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Fully Leased Retail Investment
For Sale
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Pending

4965 Lake Michigan Dr, Allendale, MI 49401

Fully leased retail investment property with multiple tenants, including a restaurant, located near the GVSU campus.

Property SizeContact for details
Days on Market142

Property Features for 4965 Lake Michigan Dr

General Information

Standard status Pending
Property subtype Retail
Occupancy 100%

Building Details

Tenancy Multi
Listing Agency: Rietberg Companies
Listed By: Greg DeJong · License #MI
Source: Crexi
Added: Apr 12 Changed: Aug 28 Last Checked: Aug 29 at 12:34PM

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 Rietberg Companies

Investment Insights

Based on property information with market context.

This fully leased investment property is currently operating with multiple tenants, including Daily Deals, GV Party Store, Murphy's Restaurant, and GR ELiquid Vapor Lounge. The offering includes detailed lease and financial information available upon signing a confidentiality agreement.

The property is located within walking distance of the GVSU campus, supporting consistent neighborhood-serving retail and dining use.

As a fully leased asset, the property is presented as an income-producing investment with existing tenant occupancy in place.

Key Highlights

  • Fully leased retail investment property with multiple tenants
  • Tenant roster includes Murphy's Restaurant, Daily Deals, GV Party Store, and GR ELiquid Vapor Lounge
  • Located within walking distance of GVSU campus

Property Analytics

Current Use

Daily Deals Food ... Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Nail Salon Hair Salon Spa & Massage Center

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby
119k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 70% Shops & Services 21% Apparel 4% Beauty & Spa 3%
Culver's Dining
18,118 visits/mo 0.3 miles
Taco Bell Dining
17,001 visits/mo 0.1 miles
Speedway Shops & Services
12,006 visits/mo 0.4 miles
Wendy's Dining
11,975 visits/mo 0.2 miles
Burger King Dining
9,694 visits/mo 0.1 miles

Demographics for 49401, MI

29,598
Population
9,083
Households
3.3
Avg Household Size
24
Median Age
41%
College-Educated
98%
High-School Grad
31.9 sq mi
ZIP Area
928
Density / Sq Mi
$73,020
Median Household Income
$16,175
Median Earnings
$1,083
Median Rent
$298,700
Median Home Value

Market

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?
Retail space - Fully leased retail investment property with multiple tenants, including a restaurant, located near the GVSU campus.
Where is this retail space located?
The property is located at 4965 Lake Michigan Dr Allendale, MI.
What are key features of this property?
This property features: Fully leased retail investment property with multiple tenants; Tenant roster includes Murphy's Restaurant, Daily Deals, GV Party Store, and GR ELiquid Vapor Lounge; Located within walking distance of GVSU campus
More about this property
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