Scooter Rental
For Sale
$695,000
311 Broadway Street, South Haven, MI 49090
An operating seasonal rental business is offered with its equipment and inventory in a commercially zoned building.
Property Size3,160 SF
Price / SF$219.94
Days on Market11
Property Features for 311 Broadway Street
General Information
Standard status
Active
Size
3,160 SF
Zoning
Commercial
Site & Location
Traffic Count
8,000 vehicles/day
Utilities to Site
Yes
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$2,379
Amenities
false
1
3160
Broadband
Real Estate, Licenses, Inventory, Furniture, Equipment
0.14
52 x 115
Paved
Building Details
Building Size
3,160 SF
Year Built
1932
Buildings
1
Stories
3160
Listing Agency:
(616) 402-4115
Listed By:
Dan Hendrick
(616) 842-5970
Source:
Danhendrick.clydehendrickrealtors
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:58PM
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 Dan Hendrick
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,160-square-foot storefront in South Haven is offered with South Haven Scooter Rentals, an operating seasonal business established in 2015. The sale includes equipment and inventory, including 12 scooters and 14 golf carts, along with the business goodwill and past customer data. The building has a new roof and updated electrical service and plumbing.
Located at 311 Broadway Street, the property occupies a 0.14-acre site with a 52 x 115-foot lot. The corridor carries close to 8,000 vehicles per day. The rental season generally runs from May 1 to mid-October, with shoulder-season timing affected by weather.
Located at 311 Broadway Street, the property occupies a 0.14-acre site with a 52 x 115-foot lot. The corridor carries close to 8,000 vehicles per day. The rental season generally runs from May 1 to mid-October, with shoulder-season timing affected by weather.
Key Highlights
- 3,160‑square‑foot building on a 0.14‑acre site
- Operating rental business established in 2015
- Inventory includes 12 scooters and 14 golf carts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,804
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,080
$656.1K
Cap Rate 7%
$468,629
$468.6K
Cap Rate 9%
$364,489
$364.5K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$48.9K $15.48/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$46.9K $14.83/SF
− OpEx
−$14.1K −$4.45/SF
NOI
$32.8K $10.38/SF
Area
Van Buren 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%
$656,080
Cap Rate 7%
$468,629
Cap Rate 9%
$364,489
Alternative Uses
Best Use
Retail
$468.6K
$410.1K – $546.7K
NOI $32,804 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$39.07M
$34.19M – $45.59M
NOI $2,735,100 @ 7.0% cap · market cap 393.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
8,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 34%
Home Improvements & Furnishings 8%
Apparel 5%
Burger King
Dining
7,810 visits/mo
0.4 miles
Shell
Shops & Services
5,494 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,092 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
3,251 visits/mo
0.1 miles
Marathon
Shops & Services
2,648 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Flower Girl Events — 330 Kalamazoo St, South Haven, MI 49090
Frequently Asked Questions
What type of property is this?
Storefront property - An operating seasonal rental business is offered with its equipment and inventory in a commercially zoned building.
Where is this storefront property located?
The property is located at 311 Broadway Street South Haven, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,160‑square‑foot building on a 0.14‑acre site; Operating rental business established in 2015; Inventory includes 12 scooters and 14 golf carts
