Former Pizza Hut Redevelopment
4318 Grand Haven Road Unit SourceFi Muskegon, MI 49441
New
For Sale
$349,900
Approximately 2,165 SF former Pizza Hut on a highly visible C-2 site with frontage along Grand Haven Road.
Property Size2,165 SF
Lot Size0.54 Acres
Price / SF$161.62
Days on Market7
Property Features for 4318 Grand Haven Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,165 SF
- Lot size
- 0.54 Acres
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1972
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Josh Frazee
Source:
Xome
Added: Jul 19
Changed: Jul 24
Last Checked: Jul 25 at 2:38AM
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 The Shore Real Estate Group
Investment Insights
Based on property information with market context.
This former Pizza Hut presents a redevelopment opportunity featuring approximately 2,165 square feet of space on a 0.54-acre C-2 commercially zoned site. The property is positioned for storefront visibility and includes existing utilities and ample on-site parking, supporting a range of potential commercial reuses subject to municipal approval.
Located at 4318 Grand Haven Road in Norton Shores, the site is described as highly visible with excellent frontage along Grand Haven Road. The offering also notes strong daily traffic counts and accessibility to major connections, including proximity to the US-31 freeway and the I-96 interchange.
With its established commercial corridor setting, this property may appeal to both investors and owner-users looking to reposition a recognizable location with flexible future use options.
Located at 4318 Grand Haven Road in Norton Shores, the site is described as highly visible with excellent frontage along Grand Haven Road. The offering also notes strong daily traffic counts and accessibility to major connections, including proximity to the US-31 freeway and the I-96 interchange.
With its established commercial corridor setting, this property may appeal to both investors and owner-users looking to reposition a recognizable location with flexible future use options.
Key Highlights
- Approximately 2,165 SF former Pizza Hut building
- 0.54‑acre C‑2 commercially zoned site with frontage along Grand Haven Road
- Highly visible location with strong daily traffic counts (as stated)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $18.96 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $40.0k | $18.47 |
| − OpEx | −$12.0k | −$5.54 |
| NOI | $28.0k | $12.93 |
2,165 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Approximately 2,165 SF former Pizza Hut on a highly visible C-2 site with frontage along Grand Haven Road.
Where is this conventional restaurant located?
The property is located at 4318 Grand Haven Road Unit SourceFi 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: Approximately 2,165 SF former Pizza Hut building; 0.54‑acre C‑2 commercially zoned site with frontage along Grand Haven Road; Highly visible location with strong daily traffic counts (as stated)
