Property profile

1036-5300 Sternberg Rd Norton Shores, MI 49444

OFF-MARKET
Lifestyle centers
56,587 SF
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Property summary

AI-generated overview

This exceptional 56,587 square foot community retail center, situated on nearly 14 acres in Norton Shores, MI, presents a prime leasing opportunity. Located at the northeast corner of Grand Haven Road and Sternberg Road, this high-visibility location benefits from a major US-31 off-ramp and boasts an impressive average daily traffic count exceeding 25,187 vehicles (2022). A 2,062 square foot suite is immediately available, with additional spaces ranging from 1,200 to 4,756 square feet, including a ready-to-occupy 2,400 square foot restaurant space. The center enjoys a strong tenant mix, including AOH Appliance Outlet, Rec-Room, Egg Roll House, and many others, creating significant foot traffic. The surrounding area features a robust daytime workforce exceeding 17,013, with projected positive growth across all sectors. This thriving location is surrounded by residential areas, numerous national and regional retailers, medical offices, and the Muskegon County Airport and Business Park, ensuring a consistent flow of customers. The property's strategic location and established tenant base make it an ideal investment for businesses seeking high visibility and strong potential for success.

Property profile

Verified
Property type Lifestyle centers
Total area 56,587 SF

Cap rate & NOI

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

Location

1036-5300 Sternberg Rd Norton Shores, MI 49444
Norton Shores metro
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Value estimations

Realmo proprietary · 4 methods
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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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