Property profile

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

OFF-MARKET
Lifestyle centers
56,587 SF 1.23 ac lot
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Property summary

AI-generated overview

This exceptional 1.23-acre retail outlot, part of the Pointes Shopping Center in Norton Shores, Michigan, presents a compelling investment opportunity. Priced at $375,000, this property boasts 56,587 square feet and is ideally situated at the northeast corner of Grand Haven Road and Sternberg Road, a high-traffic area with excellent visibility. The location benefits from easy ingress and egress via multiple driveways on both roads, minimizing traffic congestion. Sternberg Road, a major off-ramp from US-31, boasts an impressive Average Daily Traffic (ADT) count of 40,824 vehicles, while the intersection with Grand Haven Road sees an ADT of 25,187. This strategic location places the property within a vibrant trade area featuring a daytime workforce exceeding 17,013, a mix of industrial, residential, and significant national and regional retail and medical office developments nearby. The proximity to Muskegon County Airport and a business park further enhances its appeal. This outlot is one of four available, with the possibility of combining adjacent parcels for expanded development. The property's size and location make it suitable for a variety of retail uses. This is a rare opportunity to acquire a prime retail outlot in a thriving Michigan community.

Property profile

Verified
Property type Lifestyle centers
Total area 56,587 SF
Lot 1.23 ac (53,579 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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