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    880 Sherman Blvd Muskegon, MI 49441

    Sponsored
    For Lease
    $11 SF/Yr

    Muskegon retail center, high visibility, strong tenants.

    Lot size:
    29,182 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    West Sherman Plaza, a 29,182 square foot retail center in Muskegon, MI, presents a compelling investment opportunity. Situated on a 2.51-acre lot at the highly visible northwest corner of Sherman Boulevard and Henry Street, this multi-tenant property boasts excellent street frontage and ample parking. The center benefits from a strong tenant mix, including anchor tenants Supermercado San Jose and Family Dollar, and enjoys close proximity to major retailers such as Betten Baker Honda and Chevrolet, Home Depot, West Marine, Sherwin Williams, Walgreens, Rite Aid, Gordon Food Service, and Aldi. This prime location ensures high traffic volume and excellent visibility for all tenants. Built in 1979, the property has been meticulously maintained, with recent improvements including a new roof (2016), new downspouts, and a resealed asphalt parking lot (2018). The building is currently 93% occupied, with 2,070 square feet of vacant space available. An end-cap suite offers the potential for a drive-thru option, further enhancing its appeal. This well-located, well-maintained retail center offers a unique opportunity for investors seeking strong returns in a thriving retail corridor. The property's strategic location near US-31 provides easy access for customers and employees.

    Property Features for 880 Sherman Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,182 SF
    Total Rate
    26750.17

    Building Details

    Year Built
    1979

    Unit(s) available at that property

    Space
    Suite 1
    Size
    2,070 SF
    Rate per SF
    $11

    HighLights

    • 29,182 square foot retail strip center in Muskegon, MI.
    • 2,070 square feet of vacant space available.
    • Located on a high‑visibility corner at Sherman Blvd. and Henry St., Muskegon County.
    • Strong tenant mix including Supermercado San Jose and Family Dollar.
    • Recent improvements include new roof (2016), repainted exterior, new downspouts, and resealed parking lot (2018).
    • 2.51‑acre lot with ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2653373
    Latitude
    43.2062102

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    FAQs

    What type of property is this?
    Neighborhood center - Muskegon retail center, high visibility, strong tenants.
    Where is this neighborhood center located?
    The property is located at 880 Sherman Blvd Muskegon, MI.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 29,182 square foot retail strip center in Muskegon, MI.; 2,070 square feet of vacant space available.; Located on a high-visibility corner at Sherman Blvd. and Henry St., Muskegon County.
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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
    880 Sherman Blvd Muskegon, MI 49441
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