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    OFF-MARKET
    Lifestyle centers

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

    56,587 SF 1.3 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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