1830-1879 172Nd Ave Grand Haven, MI 49417
- Retail properties
- 31,034 SF
- 4.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1830-1879 172Nd Ave
- Year built
- 1996
- Lot size
- 4.03 lot acres
- Property size
- 31,034 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents South Village Plaza, a 31,034 square foot retail center located at 1830-1879 172nd Ave, Grand Haven, MI 49417 (Ottawa County). Built in 1996, this multi-tenant property sits on a 4.03-acre lot (APN 70-03-33-201-004) and boasts a 7.75% cap rate with a current NOI of $332,303. The property is currently 100% occupied with a diverse mix of national and local tenants, including Powerhouse Gym, Sherwin Williams, Nature's Envy, and Sweet Fire Tobacco (a recent new lease signing). Benefiting from a prime location in Grand Haven's commercial corridor, the center enjoys high visibility and traffic, shadowed by D&W Fresh Market and in close proximity to major retailers such as Meijer, Walmart, and Goodwill. This well-maintained property offers a strong operating history and presents a compelling investment opportunity in a thriving market. The asking price is $4,287,781. The lease type is modified.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Haven
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.214
- Latitude
- 43.0422
