Retail Space Near Lakes
For Sale
$3,945,000
1720 E Sternberg Rd, Muskegon, MI 49444
12,000 SF retail space outparcel to Meijer.
Property Size12,000 SF
Price / SF$328.75
Days on Market125
Property Features for 1720 E Sternberg Rd
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Retail
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0298
Listed By:
Evan Lyons · License #6501400582
(248) 702-0298
Source:
Cpix.resimplifi
Added: Mar 30
Changed: Jul 10
Last Checked: Jul 31 at 2:48AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This 12,000 SF retail space features high-quality construction and is an outparcel to Meijer. It is adjacent to Lakes Mall and the Target Power Center, situated immediately off US-31 exit, minutes from I-96 and Muskegon County Airport. The location benefits from a high-traffic highway stop and is part of a massive retail corridor that includes Lakes Mall, Lakes Crossing, and Lakeshore Marketplace. The property attracts growth tenants and features service-based tenants tailored to highway traffic. The location sees 154,000 visitors annually.
Key Highlights
- High‑traffic location immediately off US‑31 exit.
- Outparcel to Meijer and adjacent to Lakes Mall and Target Power Center.
- 12,000 SF of high‑quality construction.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $227.5k | $18.96 |
| − Vacancy | −$5.9k | −$0.49 |
| EGI | $221.6k | $18.47 |
| − OpEx | −$66.5k | −$5.54 |
| NOI | $155.1k | $12.93 |
12,000 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.22M
$1.94M – $2.59M
NOI $155,123 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$112.69M
$98.61M – $131.47M
NOI $7,888,468 @ 7.0% cap · market cap 199.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 49444, MI
26,281
Population
11,635
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
1,064
Density / Sq Mi
$52,143
Median Household Income
$34,423
Median Earnings
$941
Median Rent
$159,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 12,000 SF retail space outparcel to Meijer.
Where is this retail space located?
The property is located at 1720 E Sternberg Rd Muskegon, MI.
What is the asking price?
The asking price for this property is $3,945,000.
What are key features of this property?
This property features: High‑traffic location immediately off US‑31 exit.; Outparcel to Meijer and adjacent to Lakes Mall and Target Power Center.; 12,000 SF of high‑quality construction.
