Retail Space with Storefront
New
For Sale
Contact for pricing
406 Eagle Street 3, South Haven, MI 49090
An accessible restroom, separately metered utilities, and one rear parking space serve the commercial suite.
Property Size1,309 SF
Price / SF$0.01
Days on Market3
Property Features for 406 Eagle Street 3
General Information
Standard status
Active
Size
1,309 SF
Total Parking Spaces
1
Additional Details
HOA Fee
$237.76
Utilities to Site
Yes
Amenities
accessible restroom
expansive storefront windows
Listing Agency:
Jaqua REALTORS
(269) 637-6537
Listed By:
Michael Dubbink · License #6501427937
(269) 767-0994
Source:
Corneliusteam
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:17AM
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 Jaqua REALTORS
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Investment Insights
Based on property information with market context.
This 1,309-square-foot retail suite at 406 Eagle Street, Suite 3, has broad storefront glazing and an accessible restroom. Utilities are separately metered, and the space includes one designated parking space at the rear. The layout is described for retail, professional office, conference, and reception functions, subject to permitted-use requirements.
The suite is in the Verano development in South Haven, a short walk from the downtown Riverwalk. The association maintains the building exterior, landscaping, shared parking areas, and snow removal.
The suite is in the Verano development in South Haven, a short walk from the downtown Riverwalk. The association maintains the building exterior, landscaping, shared parking areas, and snow removal.
Key Highlights
- 1,309 SF retail suite at 406 Eagle Street, Suite 3
- Storefront glazing and accessible restroom
- Separately metered utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,589
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,780
$271.8K
Cap Rate 7%
$194,129
$194.1K
Cap Rate 9%
$150,989
$151.0K
Market Conditions
NOI Build-Up for 1,309 SF
Gross rent
$20.3K $15.48/SF
− Vacancy
−$851 −$0.65/SF
EGI
$19.4K $14.83/SF
− OpEx
−$5.8K −$4.45/SF
NOI
$13.6K $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%
$271,780
Cap Rate 7%
$194,129
Cap Rate 9%
$150,989
Alternative Uses
Best Use
Retail
$194.1K
$169.9K – $226.5K
NOI $13,589 @ 7.0% cap · market cap 97,064.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.19M
$14.16M – $18.88M
NOI $1,132,989 @ 7.0% cap · market cap 8,092,778.57%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
22k
Monthly Visits Nearby
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
0.2 miles
Family Dollar
Shops & Services
4,092 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
3,251 visits/mo
0.2 miles
Marathon
Shops & Services
2,648 visits/mo
0.3 miles
Wolverine Ace Hardware
Home Improvements & Furnishings
2,414 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Retail space - An accessible restroom, separately metered utilities, and one rear parking space serve the commercial suite.
Where is this retail space located?
The property is located at 406 Eagle Street 3 South Haven, MI.
What are key features of this property?
This property features: 1,309 SF retail suite at 406 Eagle Street, Suite 3; Storefront glazing and accessible restroom; Separately metered utilities
