Storefront
For Sale
$399,900
17176 W Spring Lake Road, Spring Lake, MI 49456
The existing commercial use may continue under RG-1 zoning.
Property Size1,738 SF
Price / SF$230.09
Days on Market9
Property Features for 17176 W Spring Lake Road
General Information
Standard status
Active
Size
1,738 SF
Zoning
RG - 1
Taxes and HOA fees
Annual Taxes
$4,022
Amenities
true
1
1738
Real Estate, Licenses, Equipment
0.1
85 x 50
false
Paved
Building Details
Building Size
1,738 SF
Year Built
1946
Stories
1738
Listing Agency:
RE/MAX Lakeshore
(616) 396-1400
Listed By:
Leslie Baker · License #6502416607
(616) 218-0650
Source:
Ensleyteam
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:57PM
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 RE/MAX Lakeshore
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Investment Insights
Based on property information with market context.
This 1,738-square-foot storefront property was built in 1946. The property is zoned RG-1, and commercial use may continue despite that designation.
Key Highlights
- 1,738 square feet of storefront space
- Built in 1946
- RG‑1 zoning with continued commercial use permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,042
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,840
$360.8K
Cap Rate 7%
$257,743
$257.7K
Cap Rate 9%
$200,467
$200.5K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$26.9K $15.48/SF
− Vacancy
−$1.1K −$0.65/SF
EGI
$25.8K $14.83/SF
− OpEx
−$7.7K −$4.45/SF
NOI
$18.0K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,840
Cap Rate 7%
$257,743
Cap Rate 9%
$200,467
Alternative Uses
Best Use
Retail
$257.7K
$225.5K – $300.7K
NOI $18,042 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$21.61M
$18.91M – $25.21M
NOI $1,512,875 @ 7.0% cap · market cap 378.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49456, MI
19,727
Population
9,776
Households
2
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
780
Density / Sq Mi
$85,807
Median Household Income
$50,887
Median Earnings
$1,184
Median Rent
$294,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The existing commercial use may continue under RG-1 zoning.
Where is this storefront property located?
The property is located at 17176 W Spring Lake Road Spring Lake, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,738 square feet of storefront space; Built in 1946; RG‑1 zoning with continued commercial use permitted
