Retail Strip Center with Pylon
For Sale
$4,700,000
5316 Clyde Park Ave SW, Wyoming, MI 49509
A coffee shop anchors the center, with surface parking and B-1 zoning.
Property Size32,280 SF
Lot Size3.80 Acres
Price / SF$145.60
Days on Market36
Property Features for 5316 Clyde Park Ave SW
General Information
Standard status
Active
Size
32,280 SF
Total Parking Spaces
175
Lot size
3.80 Acres
Property subtype
Retail
Zoning
B-1
Site & Location
Pylon Signage
Yes
Anchor Co-Tenants
Bagel Beanery Coffee Shop
Highway Access
Yes
Additional Details
Tenant in Place
Yes
Amenities
175 Parking Spaces
Building Details
Year Built
1998
Tenancy
Multi
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Paul Oosterbaan
(616) 575-7054
Source:
Carwm.resimplifi
Added: Sep 23
Changed: Oct 26
Last Checked: Oct 28 at 4:48AM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This retail strip center sits on approximately 3.8 acres and was built in 1998. The property has pylon and building signage, a surface parking lot, and B-1 Local Business District zoning. Bagel Beanery Coffee Shop is the center’s anchor tenant.
At 5316 Clyde Park Ave SW in Wyoming, Michigan, the property is west of US-131 and less than one mile from the Southwest medical district. Nearby retail and dining options include Target, Walmart, Aldi, Home Depot, Menards, Meijer, Chick-fil-A, Panera Bread, Sonic, Culver’s, Chili’s, Belle Tire, Discount Tire, and Starbucks.
At 5316 Clyde Park Ave SW in Wyoming, Michigan, the property is west of US-131 and less than one mile from the Southwest medical district. Nearby retail and dining options include Target, Walmart, Aldi, Home Depot, Menards, Meijer, Chick-fil-A, Panera Bread, Sonic, Culver’s, Chili’s, Belle Tire, Discount Tire, and Starbucks.
Key Highlights
- Approximately 3.8 acres
- Built in 1998
- B‑1 Local Business District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$335,095
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,701,900
$6.7M
Cap Rate 7%
$4,787,071
$4.8M
Cap Rate 9%
$3,723,278
$3.7M
Market Conditions
NOI Build-Up for 32,280 SF
Gross rent
$499.7K $15.48/SF
− Vacancy
−$21.0K −$0.65/SF
EGI
$478.7K $14.83/SF
− OpEx
−$143.6K −$4.45/SF
NOI
$335.1K $10.38/SF
Area
Kent 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%
$6,701,900
Cap Rate 7%
$4,787,071
Cap Rate 9%
$3,723,278
Alternative Uses
Best Use
Retail
$4.79M
$4.19M – $5.58M
NOI $335,095 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.74M
NOI $404,144 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 78%
Shops & Services 14%
Hotels & Casinos 8%
Gordon Food Service
Groceries
19,643 visits/mo
0.5 miles
Freightliner of Grand Rapids
Shops & Services
2,624 visits/mo
0.2 miles
Hampton Inn
Hotels & Casinos
2,065 visits/mo
0.1 miles
Public Storage
Shops & Services
784 visits/mo
0.4 miles
Demographics for 49509, MI
28,340
Population
10,611
Households
2.7
Avg Household Size
34
Median Age
19%
College-Educated
85%
High-School Grad
7.3 sq mi
ZIP Area
3,882
Density / Sq Mi
$64,981
Median Household Income
$38,356
Median Earnings
$983
Median Rent
$183,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - A coffee shop anchors the center, with surface parking and B-1 zoning.
Where is this strip mall located?
The property is located at 5316 Clyde Park Ave SW Wyoming, MI.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Approximately 3.8 acres; Built in 1998; B‑1 Local Business District zoning
