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 retail outlot, designated as Outlot 'C', presents a compelling investment opportunity in the thriving Norton Shores, Michigan market. Part of the Pointes (PNTS) Shopping Center, this 1.3-acre parcel offers 56,587 square feet of space, priced at $375,000 ($6.62/sq ft). Strategically located at the northeast corner of Grand Haven Road and Sternberg Road, the property benefits from exceptional visibility and accessibility. Sternberg Road, a major off-ramp from US-31, boasts an impressive Average Daily Traffic (ADT) of 40,824 vehicles, while the intersection with Grand Haven Road sees an ADT of 25,187. This high-traffic location ensures significant exposure for any business. The property features multiple driveways on both roads, providing safe and convenient ingress/egress. The surrounding area offers a diverse mix of residential, industrial, and commercial properties, including a substantial daytime workforce exceeding 17,013. The proximity to Muskegon County Airport and a business park further enhances the location's appeal. This outlot is one of four available along the north side of Sternberg Road, with the westernmost two parcels potentially combinable for larger-scale development. This presents a rare opportunity to establish a presence in a dynamic and high-demand retail corridor.

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

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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