Retail Space with Open
New
For Sale
$325,000
1399 Blue Star Hwy, South Haven, MI 49090
A separate room, newly installed roof and well, and paved customer parking complement the main retail area.
Property Size1,700 SF
Price / SF$191.18
Days on Market4
Property Features for 1399 Blue Star Hwy
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Building Details
Year Built
1935
Listing Agency:
Conklin Real Estate
Listed By:
Frank Terry Conklin · License #6502129283
(269) 227-3254
Source:
Metrodetroithomeguide
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:37AM
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 Conklin Real Estate
Investment Insights
Based on property information with market context.
Built in 1935, this retail property offers 1,700 square feet with an open main area, tall ceilings, and a separate room finished with a distinctive tin ceiling. The roof and well are new, and paved parking is available on site.
The property occupies a corner along Blue Star Hwy in Ganges Township, Michigan. Its layout includes both a broad primary space and a secondary room, with parking for customers and staff.
The property occupies a corner along Blue Star Hwy in Ganges Township, Michigan. Its layout includes both a broad primary space and a secondary room, with parking for customers and staff.
Key Highlights
- 1,700 SF retail building constructed in 1935
- Open main area with high ceilings and a separate room with a tin ceiling
- New roof and well
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,664
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,280
$393.3K
Cap Rate 7%
$280,914
$280.9K
Cap Rate 9%
$218,489
$218.5K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$28.6K $16.80/SF
− Vacancy
−$2.3K −$1.38/SF
EGI
$26.2K $15.42/SF
− OpEx
−$6.6K −$3.86/SF
NOI
$19.7K $11.57/SF
Area
Van Buren County, MI
Vacancy
8.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,280
Cap Rate 7%
$280,914
Cap Rate 9%
$218,489
Alternative Uses
Best Use
Specialty Retail
$280.9K
$245.8K – $327.7K
NOI $19,664 @ 7.0% cap · market cap 6.05%
Second Best
Retail
$252.1K
$220.6K – $294.1K
NOI $17,648 @ 7.0% cap · market cap 5.43%
Theoretical Best
Multifamily LT 5
$21.02M
$18.39M – $24.52M
NOI $1,471,415 @ 7.0% cap · market cap 452.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 49090, MI
13,286
Population
8,904
Households
1.5
Avg Household Size
49
Median Age
31%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
170
Density / Sq Mi
$64,643
Median Household Income
$40,067
Median Earnings
$914
Median Rent
$251,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - A separate room, newly installed roof and well, and paved customer parking complement the main retail area.
Where is this retail space located?
The property is located at 1399 Blue Star Hwy South Haven, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,700 SF retail building constructed in 1935; Open main area with high ceilings and a separate room with a tin ceiling; New roof and well
