Storefront with Scooter Rental
For Sale
$695,000
311 Broadway Street, South Haven, MI 49090
Commercial Sale, South Haven, MI
Property Size3,160 SF
Lot Size0.14 Acres
Price / SF$219.94
Days on Market65
Property Features for 311 Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
South Haven
Middle school district
South Haven
High school district
South Haven
Directions
I-196 or Blue Star Highway to Phoenix Street (exit #20 from I-196). West on Phoenix to Broadway. Left (south) on Broadway. Property is on the immediate left.
Standard status
Active
APN
80-53-502-004-50
Size
3,160 SF
Lot size
0.14 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
Legal description on file.
Tax Annual Amount
2379
Legal Description
Legal description on file.
Utilities
Utilities
Cable Available
Building Details
Year built
1932
Number of units
1
Building materials
Block, Brick
Roof type
Rubber
Buildings
1
Listing Agency:
Michigan Lifestyle Properties · United Real Estate
(800) 413-1016
Listed By:
David S Kreager
(269) 352-1381
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 28 at 5:06PM
MLS# 26044872
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,160-square-foot storefront at 311 Broadway Street includes South Haven Scooter Rentals, an established seasonal business that opened in 2015. The business inventory includes 12 scooters and 14 golf carts, along with equipment, inventory, goodwill, and customer data. The building dates to 1932 and has a rubber roof, block and brick construction, and broadband access. Recent work included electrical and plumbing upgrades and roof replacement.
The property sits on a 0.14-acre lot along one of South Haven’s main corridors, where daily traffic is close to 8,000 vehicles. The rental season generally runs from May 1 through mid-October, with timing affected by shoulder-season weather.
The property sits on a 0.14-acre lot along one of South Haven’s main corridors, where daily traffic is close to 8,000 vehicles. The rental season generally runs from May 1 through mid-October, with timing affected by shoulder-season weather.
Key Highlights
- 3,160‑square‑foot storefront on a 0.14‑acre lot
- Sale includes South Haven Scooter Rentals, which has operated since 2015
- Business 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
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 11%
Home Improvements & Furnishings 11%
Apparel 7%
Shell
Shops & Services
5,494 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,092 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
3,251 visits/mo
0.0 miles
Marathon
Shops & Services
2,648 visits/mo
0.4 miles
Wolverine Ace Hardware
Home Improvements & Furnishings
2,414 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 - The offering combines a commercial building with an operating seasonal rental business and its equipment and inventory.
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 storefront on a 0.14‑acre lot; Sale includes South Haven Scooter Rentals, which has operated since 2015; Business inventory includes 12 scooters and 14 golf carts
