Restaurant Property with C-2
For Sale
Under Contract
$349,900
4318 Grand Haven Road, Muskegon, MI 49441
Commercial Sale, Muskegon, MI
Property Size2,165 SF
Lot Size0.54 Acres
Price / SF$161.62
Days on Market102
Property Features for 4318 Grand Haven Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Misc Com Svcs
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Subdivision
Mccombs
Elementary school district
Mona Shores
Middle school district
Mona Shores
High school district
Mona Shores
Directions
Airport Rd to Grand Haven Rd to listing
Standard status
Active Under Contract
APN
27-601-000-0063-00
Size
2,165 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF NORTON SHORES MC CO MBS NO 1 LOTS 63 AND 65
Tax Annual Amount
6754
Legal Description
CITY OF NORTON SHORES MC CO MBS NO 1 LOTS 63 AND 65
Utilities
Utilities
Electricity Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
on-site parking
Building Details
Year built
1972
Number of units
1
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Josh Frazee
(269) 757-2769
Added: Jul 21
Changed: Oct 23
Last Checked: Oct 30 at 9:06AM
MLS# 26037532
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 former Pizza Hut property includes approximately 2,165 square feet on a 0.54-acre commercially zoned site. The building was constructed in 1972 and includes two bathrooms, forced-air heating, and central air conditioning. Existing restaurant improvements provide a foundation for continued food-service use or another approved commercial application.
Located on Grand Haven Road, the property offers frontage along a visible commercial corridor with on-site parking and electricity available. The site is positioned minutes from the US-31 freeway and the I-96 interchange, providing access for customers and operators. C-2 zoning supports a range of commercial possibilities, subject to municipal approval.
Located on Grand Haven Road, the property offers frontage along a visible commercial corridor with on-site parking and electricity available. The site is positioned minutes from the US-31 freeway and the I-96 interchange, providing access for customers and operators. C-2 zoning supports a range of commercial possibilities, subject to municipal approval.
Key Highlights
- 2,165‑square‑foot former Pizza Hut restaurant building
- 0.54‑acre C‑2 commercially zoned site
- Frontage along Grand Haven Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,987
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,740
$559.7K
Cap Rate 7%
$399,814
$399.8K
Cap Rate 9%
$310,967
$311.0K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$41.0K $18.96/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$40.0K $18.47/SF
− OpEx
−$12.0K −$5.54/SF
NOI
$28.0K $12.93/SF
Area
Muskegon County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,740
Cap Rate 7%
$399,814
Cap Rate 9%
$310,967
Alternative Uses
Best Use
Retail
$399.8K
$349.8K – $466.5K
NOI $27,987 @ 7.0% cap · market cap 8.00%
Second Best
Specialty Retail
$344.0K
$301.0K – $401.3K
NOI $24,080 @ 7.0% cap · market cap 6.88%
Theoretical Best
Hotel Hospitality
$20.33M
$17.79M – $23.72M
NOI $1,423,211 @ 7.0% cap · market cap 406.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
BP
Shops & Services
7,450 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,100 visits/mo
0.1 miles
Pizza Hut
Dining
4,392 visits/mo
0.1 miles
Shell
Shops & Services
3,738 visits/mo
0.1 miles
SUBWAY
Dining
1,626 visits/mo
0.1 miles
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant facility with commercial zoning, on-site parking, and access to existing electrical service.
Where is this conventional restaurant located?
The property is located at 4318 Grand Haven Road Muskegon, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,165‑square‑foot former Pizza Hut restaurant building; 0.54‑acre C‑2 commercially zoned site; Frontage along Grand Haven Road
