Property profile

1675 Phoenix St A South Haven, MI 49090

FOR LEASE
Strip malls
Property ID
US43-2252241
28,700 SF 4.28 ac lot Built 2002
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 1675 Phoenix St in South Haven, Michigan, presents a unique investment opportunity. The 28,925 square foot building, constructed in 2002, is classified as Class C and sits on a generous 4-acre lot. Currently, there are two available retail spaces, offering flexible options ranging from 2,000 to 12,000 contiguous square feet, with a total of 21,000 square feet currently vacant. The minimum divisible space is 9,000 square feet, ideal for larger tenants seeking significant presence. The property boasts ample parking with 180 spaces, ensuring convenient access for customers and employees. Situated in the Van Buren County submarket, this location benefits from high visibility and strong traffic flow, making it an attractive destination for businesses. The property's vehicle-related subtype suggests potential for businesses catering to automotive needs or related services. This is a rare opportunity to acquire a substantial retail space in a thriving Michigan community. The property's size and flexibility make it suitable for a variety of retail uses, offering significant potential for growth and return on investment. The zip code is 49090.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Total area 28,700 SF
Lot 4.28 ac (186,437 SF)
Zoning code B-4
APN 80-53-869-002-40
UPID US43-2252241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon
  • Alternative Medicine Practice
  • Mobile Phone Store Electronics & Wireless Store
  • Furniture & Home Goods Home Decor Store
  • Bank Credit Union

Location

1675 Phoenix St, Unit A South Haven, MI 49090
South Haven metro Census 10500 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$595k

Owner & transaction history

since 2018
2 recorded transactions
2020
Price N/A
2018
Price N/A

Zoning & alternative use

B-4 · South Haven, MI
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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