Retail Center on Major
518 North Beacon Boulevard, Grand Haven, MI 49417
40,428 SF shopping center with major-tenant mix and prominent US-31 corridor access in Grand Haven.
Type:Retail
Property size:
40,428 SFLot size:
4.12 AcresPrice / SF:
$172/SF- Added:
- Jun 16, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 20 at 3:38 am
Property Features for 518 North Beacon Boulevard
General Information
- Standard status
- Active
- Size
- 40,428 SF
- Lot size
- 4.12 Acres
- Property subtype
- Retail
Listing office APEX Commercial Real Estate Advisors
Listing date Jun 16, 2026
Source Crexi
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 APEX Commercial Real Estate Advisors
HighLights
- 40,428‑SF trophy retail center on 4.12 acres in Grand Haven, MI
- Strategically located along the US‑31/N Beacon Blvd corridor with access to a highly trafficked intersection
- Traffic counts exceeding 76,000 vehicles per day at the nearby intersection
- Major‑tenant mix includes Dollar Tree, O’Reilly Auto Parts, Wingstop, Jet’s Pizza, and Walgreens (not included in the sale)
- Anchored by a national and regional tenant roster with a proven operating history
- 6.75% cap rate reported in the remarks
Overview
This trophy retail center totals 40,428 square feet on 4.12 acres and is anchored by a mix of national and regional tenants. The center’s tenant roster includes Dollar Tree, O’Reilly Auto Parts, Wingstop, Jet’s Pizza, and Walgreens. Walgreens is not included in the sale. The property is positioned as a concentrated retail offering along an established commercial corridor.
The center is located on North Beacon Boulevard (US-31/N Beacon Boulevard) in Grand Haven, Michigan. The location is noted for visibility to a highly trafficked corridor, with traffic counts exceeding 76,000 vehicles per day at the nearby intersection. The site also benefits from proximity to a major tourist destination, with more than 2.1 million annual visitors reported for the area.
For buyers, this asset provides a professionally managed retail format with an existing in-place tenant mix and a referenced 6.75% cap rate. Its concentration of everyday retail and quick-service concepts may support continued consumer draw from both local shoppers and seasonal visitors. The offering is structured for long-term hold given the stated proven operating history and cash flow focus within a dynamic lakeshore market.
The center is located on North Beacon Boulevard (US-31/N Beacon Boulevard) in Grand Haven, Michigan. The location is noted for visibility to a highly trafficked corridor, with traffic counts exceeding 76,000 vehicles per day at the nearby intersection. The site also benefits from proximity to a major tourist destination, with more than 2.1 million annual visitors reported for the area.
For buyers, this asset provides a professionally managed retail format with an existing in-place tenant mix and a referenced 6.75% cap rate. Its concentration of everyday retail and quick-service concepts may support continued consumer draw from both local shoppers and seasonal visitors. The offering is structured for long-term hold given the stated proven operating history and cash flow focus within a dynamic lakeshore market.
Local 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 | $625.8k | $15.48 |
| − Vacancy | −$26.3k | −$0.65 |
| EGI | $599.5k | $14.83 |
| − OpEx | −$179.9k | −$4.45 |
| NOI | $419.7k | $10.38 |
40,428 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.00M
$5.25M – $6.99M
NOI $419,679 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$502.73M
$439.89M – $586.52M
NOI $35,191,320 @ 7.0% cap · market cap 505.41%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Dr. Sid Disbrow, ...
Alternative Medicine Practice
Similar Places Nearby
- Coin Cloud Bitcoin ATM — 601 S Beacon Blvd Ste 101, Grand Haven, MI 49417
Location Insight
- Map
- Local Demand
- City
- Grand Haven
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.2202162
- Latitude
- 43.0558521
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 40,428 SF shopping center with major-tenant mix and prominent US-31 corridor access in Grand Haven.
Where is this shopping center located?
The property is located at 518 North Beacon Boulevard Grand Haven, MI.
What is the asking price?
The asking price for this property is $6,962,963.
What are key features of this property?
This property features: 40,428‑SF trophy retail center on 4.12 acres in Grand Haven, MI; Strategically located along the US‑31/N Beacon Blvd corridor with access to a highly trafficked intersection; Traffic counts exceeding 76,000 vehicles per day at the nearby intersection
