Property profile

0 Grand Hvn Rd And Sternberg Rd Norton Shores, MI 49441

OFF-MARKET
Lifestyle centers
56,587 SF 1.3 ac lot
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Property summary

AI-generated overview

This exceptional 1.3-acre retail outlot, part of the Pointes Shopping Center in Norton Shores, Michigan, offers 56,587 square feet of space at $375,000 ($6.62/sq ft). Located at the northeast corner of Grand Haven Road and Sternberg Road, this property benefits from a high-traffic location with excellent ingress/egress. Sternberg Road, a major off-ramp from US 31, boasts an average daily traffic count of 40,824 vehicles, intersecting with Grand Haven Road (ADT 25,187) at a lighted, traffic-controlled intersection. This strategic location provides access to a substantial daytime workforce exceeding 17,013, situated within a diverse trade area encompassing industrial, residential, and significant national and regional retail and medical office developments. The Muskegon County Airport and Business Park are conveniently located nearby. The property is one of four outlots along Sternberg Road, each approximately 1.23+ acres, with the westernmost two parcels combinable. This presents a unique opportunity for retail development in a high-demand area. The property's size and location make it ideal for a variety of retail uses, capitalizing on the significant traffic volume and strong surrounding demographics. The asking price is $375,000.

Property profile

Verified
Property type Lifestyle centers
Total area 56,587 SF
Lot 1.3 ac (56,628 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Grand Hvn Rd And Sternberg Rd Norton Shores, MI 49441
Norton Shores metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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