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Property profile & analytics
FOR LEASE
Strip malls

1675 Phoenix St South Haven, MI 49090

28,700 SF 4.28 ac lot Built 2002
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US43-2252241
Property summary
AI-generated overview

This exceptional retail property, located at 1675 Phoenix St in South Haven, Michigan, presents a unique investment opportunity. The 28,925 square foot building, constructed in 2002, is classified as Class C and sits on a generous 4-acre lot. Currently, there are two available retail spaces, offering flexible options ranging from 2,000 to 12,000 contiguous square feet, with a total of 21,000 square feet currently vacant. The minimum divisible space is 9,000 square feet, ideal for larger tenants seeking significant presence. The property boasts ample parking with 180 spaces, ensuring convenient access for customers and employees. Situated in the Van Buren County submarket, this location benefits from high visibility and strong traffic flow, making it an attractive destination for businesses. The property's vehicle-related subtype suggests potential for businesses catering to automotive needs or related services. This is a rare opportunity to acquire a substantial retail space in a thriving Michigan community. The property's size and flexibility make it suitable for a variety of retail uses, offering significant potential for growth and return on investment. The zip code is 49090.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Total area 28,700 SF
Lot 4.28 ac (186,437 SF)
Zoning code B-4
APN 80-53-869-002-40
UPID US43-2252241
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
Current use
Occupant on record · Public records
  • Tom and Amy Nails Nail Salon
  • Masters Chiropractic & Rehabilitation Alternative Medicine Practice
  • T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Rent-A-Center Furniture & Home Goods Home Decor Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Warraich Brothers Properties INC · 7 yrs held
Warraich Brothers Properties INC
since 2018
2 recorded transactions
2020
Price N/A
2018
Price N/A
Zoning & alternative use
B-4 · South Haven, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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