Muskegon Retail Property For
2703 Henry St, Muskegon, MI 49441
Net-leased retail asset with long-term tenant and growth potential.
Type:Retail
Property size:
7,000 SFLot size:
0.68 AcresPrice / SF:
$128/SF- Added:
- Feb 25, 2026
- Days on Market:
- 77
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2703 Henry St
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.68 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing agent Asher Wenig License #10301219652
Listing office SAB Capital
Listing date Feb 25, 2026
Source Crexi
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 SAB Capital
HighLights
- Long‑term tenant (Advance Auto Parts) with 27 years of operating history, demonstrating the site's strategic importance.
- Passive net lease to Advance Auto Parts with lease expiration in May 2032, plus two five‑year renewal options with contractual rent increases.
- Below‑market rent ($9/SF) provides significant mark‑to‑market upside potential.
- Located in a strong retail corridor with high visibility, access, and traffic count (15,700 vehicles per day).
- Low retail vacancy rate (2.6%) and increasing market rents in the surrounding submarket.
- Freestanding building with fee‑simple ownership and C‑1 zoning, offering flexibility and exit optionality.
Overview
The property at 2703 Henry Street in Muskegon, Michigan, is a single-tenant, net-leased retail asset occupied by Advance Auto Parts. Constructed in 1999, the building features masonry and concrete block construction and a functional layout. The property includes approximately 7,000 square feet of rentable area on a 0.68-acre parcel. Advance Auto Parts has been operating at this location for 27 years and is currently under a passive net lease expiring in May 2032, with two five-year renewal options. These options include contractual rent increases of 19% and 8%, respectively. The current rent is $9 per square foot. The property is located within the Muskegon Heights retail corridor, with traffic exposure of approximately 15,700 vehicles per day, and proximity to US-31. The surrounding submarket has a retail vacancy rate near 2.6%. The property has C-1 zoning.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Muskegon
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.2637079
- Latitude
- 43.203334
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Net-leased retail asset with long-term tenant and growth potential.
Where is this automotive property located?
The property is located at 2703 Henry St Muskegon, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Long‑term tenant (Advance Auto Parts) with 27 years of operating history, demonstrating the site's strategic importance.; Passive net lease to Advance Auto Parts with lease expiration in May 2032, plus two five‑year renewal options with contractual rent increases.; Below‑market rent ($9/SF) provides significant mark‑to‑market upside potential.
