Commercial Land with Existing
New
For Sale
$349,900
4318 Grand Haven Road, Muskegon, MI 49441
An existing commercial structure with on-site parking and utilities supports a range of business plans, subject to municipal approval.
Property Size2,165 SF
Price / SF$161.62
Days on Market3
Property Features for 4318 Grand Haven Road
General Information
Standard status
Active
Size
2,165 SF
Property subtype
Commercial
Zoning
Misc Com Svcs
Taxes and HOA fees
Annual Taxes
$6,754
Building Details
Building Size
2,165 SF
Year Built
1972
Buildings
1
Stories
2165
Units
1
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Josh Frazee
(269) 757-2769
Source:
61houses
Added: Nov 1
Last Checked: Nov 2 at 7:16PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 0.54-acre commercial property includes a 2,165-square-foot building constructed in 1972. On-site parking and existing utilities are also present. The site is located on Grand Haven Road in Norton Shores, within a commercial corridor that includes national retailers and local businesses.
US-31 and the I-96 interchange are a few minutes away. The property is identified for potential restaurant, retail, office, medical, or service business use, subject to municipal approval.
US-31 and the I-96 interchange are a few minutes away. The property is identified for potential restaurant, retail, office, medical, or service business use, subject to municipal approval.
Key Highlights
- 0.54‑acre commercial site with a 2,165‑square‑foot building
- Building constructed in 1972
- Frontage on Grand Haven Road in Norton Shores
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,080
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,600
$481.6K
Cap Rate 7%
$344,000
$344.0K
Cap Rate 9%
$267,556
$267.6K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$33.5K $15.48/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$32.1K $14.83/SF
− OpEx
−$8.0K −$3.71/SF
NOI
$24.1K $11.12/SF
Area
Muskegon County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,600
Cap Rate 7%
$344,000
Cap Rate 9%
$267,556
Alternative Uses
Best Use
Specialty Retail
$344.0K
$301.0K – $401.3K
NOI $24,080 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
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
Current Use
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
24k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - An existing commercial structure with on-site parking and utilities supports a range of business plans, subject to municipal approval.
Where is this commercial land 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: 0.54‑acre commercial site with a 2,165‑square‑foot building; Building constructed in 1972; Frontage on Grand Haven Road in Norton Shores
