603 Savidge St Spring Lake, MI 49456-1956
This exceptional 10,647-square-foot retail building, formerly a pharmacy, is available for sale or lease. Situated on a 1.35-acre lot in Spring Lake, Michigan, at the signalized intersection of E Savidge St and Lake Ave, this property boasts a prime location with strong traffic counts (23,500 vehicles per day). Built in 2006, the building features high-image all-brick construction and a convenient drive-thru. The property offers excellent access with multiple points of ingress and egress. Its strategic location benefits from a growing demographic, with an average household income exceeding $96,000 within a one-mile radius. The property's zoning is EED. The asking price is $2,100,000, representing a price per square foot of $197.24. Currently vacant, this single-tenancy building presents a unique opportunity for investors or businesses seeking a high-visibility location in a thriving community. The building's size and features make it suitable for a variety of retail uses. Minimal comparable hard corner real estate is available in the surrounding area, highlighting the property's strong intrinsic value. Spring Lake is conveniently located minutes from Grand Haven, Holland, Muskegon, and Grand Rapids. The lease type is Net.
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Rite Aid Pharmacy
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Phillip A. Morse, RPH Pharmacy
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Samantha M. Willick, Pharm Pharmacy
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Rite Aid Photo (Bike/Boat/Book/etc) Store
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Redbox Cinema (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
EED · Spring Lake, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.