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    Property profile & analytics
    OFF-MARKET Estimated value $2,025,000
    Drug stores

    2775 Prt Sheldon St, Jenison, MI 49428-9359

    11,287 SF 2.41 ac lot Built 1997
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-2502778
    Property summary
    AI-generated overview

    This exceptional 1-square-foot retail property, located at 2775 Port Sheldon Street in Georgetown Township, Michigan, presents a unique investment opportunity. Previously occupied by a Rite Aid pharmacy, this strategically positioned space boasts high visibility at the intersection of Port Sheldon and Main Streets, ensuring excellent accessibility for Jenison residents. The property sits on a 2.41-acre lot (APN 70-14-21-400-097) and is zoned Commercial NS, offering potential for diverse commercial uses. Its prime location within the thriving Jenison community, a growing suburb of Grand Rapids, benefits from a strong residential market and limited commercial vacancy. The area's dense housing population and proximity to a large Family Fare grocery store across the street further enhance its appeal. The asking price is $1,625,000. This property offers significant potential for investors seeking a high-traffic location in a rapidly developing area. The property's previous use as a pharmacy suggests a history of successful retail operations, and its size and location make it suitable for a variety of commercial ventures. The property's location in Ottawa County, Michigan, zip code 49428, provides easy access to major transportation routes and a strong local economy. This is an exceptional opportunity to acquire a well-situated retail property in a desirable and growing market.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 1997
    Total area 11,287 SF
    Lot 2.41 ac (104,980 SF)
    Zoning code NS
    APN 70-14-21-400-097
    UPID US43-2502778
    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
    • CDReload - Online Bitcoin ATM Crypto Atm Atm
    • Huong D. Nguyen, RPh Pharmacy
    • higi Physician
    • Kate Bosscher, PharmD Pharmacy
    • Rite Aid Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.02M
    Blend (final) Blend
    $2.03M
    Owner & transaction history
    Ottawa Area Intermediate School Dis · 1 yrs held
    Ottawa Area Intermediate School Dis
    since 2024
    4 recorded transactions
    2024
    2019
    2014
    2007
    $2.0M
    Zoning & alternative use
    NS · Jenison, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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