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    570 Seminole Rd Norton Shores, MI 49444

    For Sale
    $1,872,258

    Class A Office & Retail Center, High ROI

    Property size:
    18,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A commercial property, the Rehmann Building, presents a compelling investment opportunity in the thriving Greater Muskegon area. Located at 570 Seminole Rd, Norton Shores, MI 49444, this 18,650 square foot building boasts a desirable blend of retail and executive office space, perfect for owner-users or investors. Built in 1991 and renovated in 2009, the property features a high degree of architectural design, making it ideal for financial, legal, IT, or medical businesses. Currently operating at 86% occupancy, the building generates a strong NOI of $191,967.78, resulting in an attractive 10.25% cap rate. The asking price is $1,872,258, translating to $100.39 per square foot. Situated on a 1.11-acre lot with convenient C-2 zoning, the property offers 50 free parking spaces and two curb cuts. Its prime location just west of Business 31 (Seaway Drive) benefits from high visibility and an average daily two-way traffic count of 9,368 cars. The building's multi-tenancy structure and modified lease type provide flexibility and potential for future growth. This is a rare opportunity to acquire a well-maintained, high-performing asset in a dynamic market.

    Property Features for 570 Seminole Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    18,650 SF
    Class
    A
    Lot Size
    48,352 SF

    Building Details

    Year Built/Renovated
    1991/2009

    HighLights

    • High daily traffic count: 9,368 vehicles.
    • C‑2 zoning.
    • Two curb cuts provide excellent access.
    • Built in 1991, renovated in 2009.
    • 50 free parking spaces available.
    • Norton Shores location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Norton Shores
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2581176
    Latitude
    43.1874668

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    FAQs

    What type of property is this?
    Lifestyle center - Class A Office & Retail Center, High ROI
    Where is this lifestyle center located?
    The property is located at 570 Seminole Rd Norton Shores, MI.
    What is the asking price?
    The asking price for this property is $1,872,258.
    What are key features of this property?
    This property features: High daily traffic count: 9,368 vehicles.; C-2 zoning.; Two curb cuts provide excellent access.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    570 Seminole Rd Norton Shores, MI 49444
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