Building Details

Building Size 1,382 SF

Year Built 1900

Units 1

Listing Agency: NAI Wisinski of West Michigan j***@naiwwm.com Show Phone

Listed By: Josh Jacobs

Source: Sabudarealty

Added: Jun 26 Changed: Aug 8 Last Checked: Aug 9 at 12:50PM

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Investment Insights

Based on property information with market context.

Suite 131 at 131 Main Street in Watervliet offers flexible space suitable for a restaurant, brew pub, retail use, or office. The property sits within a walkable downtown setting and is presented as a convenient option for tenants looking to locate in a lively, active retail and dining area.

The location is described as being in the heart of Southwest Michigan’s fruit belt, with the downtown characterized by historic buildings and ongoing community events. The center also emphasizes easy access for visitors, including free public parking next door.

The lease term is listed as up to 60 months.

Key Highlights

• Suite 131 on Main Street in downtown Watervliet
• Free public parking next door
• Historic building with year built 1900

Property Analytics

Current Use

Big Budz CBD Department Store

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage HVAC Service Auto Repair Shop

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

NNN (Triple Net)

Lease Type

$1.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

68k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 62% Dining 34% Home Improvements & Furnishings 4%

Casey's Shops & Services

25,670 visits/mo 0.5 miles

Wendy's Dining

12,683 visits/mo 0.4 miles

Taco Bell Dining

10,657 visits/mo 0.5 miles

Dollar Tree Shops & Services

8,769 visits/mo 0.2 miles

Marathon Petroleum Shops & Services

4,035 visits/mo 0.0 miles

Demographics for 49098, MI

5,739

Population

3,032

Households

1.9

Avg Household Size

44

Median Age

21%

College-Educated

88%

High-School Grad

32.6 sq mi

ZIP Area

176

Density / Sq Mi

$56,899

Median Household Income

$30,278

Median Earnings

$1,253

Median Rent

$150,500

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Suite 131 on Main Street with free public parking next door.

Where is this conventional restaurant located?

The property is located at 131 Main Street #Suite 131 Watervliet, MI.

What is the lease rate?

The lease rate is $9 SF/Yr.

What are key features of this property?

This property features: Suite 131 on Main Street in downtown Watervliet; Free public parking next door; Historic building with year built 1900