Renovated Storefront with Glass
For Sale
$150,000
Pending
6998 114th Ave, South Haven, MI 49090
An open retail layout, accessible restroom, and separate secondary room support a range of commercial uses.
Property Size565 SF
Days on Market8
Property Features for 6998 114th Ave
General Information
Standard status
Pending
Size
565 SF
Property subtype
Commercial
Amenities
ceramic tiled bathroom
handicap accessible
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Conklin Real Estate
Listed By:
Frank Terry Conklin · License #6502129283
(269) 227-3254
Source:
Metrodetroithomeguide
Added: Oct 7
Changed: Oct 14
Last Checked: Oct 12 at 8:22PM
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 Conklin Real Estate
Investment Insights
Based on property information with market context.
This historic storefront contains 565 square feet, with a broad open interior and a high ceiling. A full glass frontage faces the street. The building has been renovated and includes a ceramic-tile restroom with handicap access, plus a separate small room suited to office or storage use. A new roof and well are in place, and the property is available for immediate occupancy.
Built in 1950, the storefront is at 6998 114th Ave in Ganges Township, Michigan. Parking is available in front of the building and along the street.
Built in 1950, the storefront is at 6998 114th Ave in Ganges Township, Michigan. Parking is available in front of the building and along the street.
Key Highlights
- 565‑square‑foot storefront with an open interior and high ceiling
- Full glass frontage
- Renovated historic building; built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,865
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,300
$117.3K
Cap Rate 7%
$83,786
$83.8K
Cap Rate 9%
$65,167
$65.2K
Market Conditions
NOI Build-Up for 565 SF
Gross rent
$8.7K $15.48/SF
− Vacancy
−$367 −$0.65/SF
EGI
$8.4K $14.83/SF
− OpEx
−$2.5K −$4.45/SF
NOI
$5.9K $10.38/SF
Area
Van Buren 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%
$117,300
Cap Rate 7%
$83,786
Cap Rate 9%
$65,167
Alternative Uses
Best Use
Retail
$83.8K
$73.3K – $97.8K
NOI $5,865 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.99M
$6.11M – $8.15M
NOI $489,029 @ 7.0% cap · market cap 326.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49090, MI
13,286
Population
8,904
Households
1.5
Avg Household Size
49
Median Age
31%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
170
Density / Sq Mi
$64,643
Median Household Income
$40,067
Median Earnings
$914
Median Rent
$251,500
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
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Frequently Asked Questions
What type of property is this?
Storefront property - An open retail layout, accessible restroom, and separate secondary room support a range of commercial uses.
Where is this storefront property located?
The property is located at 6998 114th Ave South Haven, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 565‑square‑foot storefront with an open interior and high ceiling; Full glass frontage; Renovated historic building; built in 1950
