Listing Agency: Coldwell Banker Commercial - Woodland Schmidt

Listed By: James Edewaard · License #MI

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 5:55AM

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Investment Insights

Based on property information with market context.

This large-format retail building previously operated as a grocery store and offers over 40,000 square feet of space. The property is positioned within the Hudsonville Shopping District and was scheduled for vacancy at the end of March 2021.

Key Highlights

• Over 40,000 square feet of retail space
• Former grocery store building
• Located in the Hudsonville Shopping District

Property Analytics

Property Profile

Current Use

Betty Kaye's Smokehouse Restaurant ATM Atm Andrew Howells Pharmacy Anchest Auto Glass ... Auto Repair Shop Spartannash Company Health

Suggested Use

Top Pick Restaurant Law Firm Spa & Massage Center Real Estate Agency Auto Parts Store Hair 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.

Location Intelligence

Trade Area within ½ mile

429

Businesses Nearby

14k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 48%

Pizza Ranch Dining

7,167 visits/mo 0.2 miles

Mobil Shops & Services

3,541 visits/mo 0.2 miles

Macatawa Bank Shops & Services

2,547 visits/mo 0.2 miles

Muffler Man Shops & Services

474 visits/mo 0.5 miles

Demographics for 49426, MI

40,467

Population

14,020

Households

2.9

Avg Household Size

36

Median Age

44%

College-Educated

98%

High-School Grad

60.3 sq mi

ZIP Area

671

Density / Sq Mi

$106,981

Median Household Income

$53,620

Median Earnings

$1,199

Median Rent

$338,100

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?

Grocery and convenience store - Large-format retail space in the Hudsonville Shopping District, available following the prior grocery operation.

Where is this grocery and convenience store located?

The property is located at 5221 Cherry Avenue Hudsonville, MI.

What are key features of this property?

This property features: Over 40,000 square feet of retail space; Former grocery store building; Located in the Hudsonville Shopping District