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Property profile & analytics
OFF-MARKET Estimated value $2,475,000
Retail space

603 Savidge St Spring Lake, MI 49456-1956

10,647 SF 1.35 ac lot Built 2005
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US43-2476148
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 10,647 SF
Lot 1.35 ac (58,850 SF)
Zoning code EED
APN 70-03-14-325-075
UPID US43-2476148
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
  • Rite Aid Pharmacy
  • Phillip A. Morse, RPH Pharmacy
  • Samantha M. Willick, Pharm Pharmacy
  • Rite Aid Photo (Bike/Boat/Book/etc) Store
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.47M
Blend (final) Blend
$2.48M
Owner & transaction history
East Savidge Real Estate LLC · 1 yrs held
East Savidge Real Estate LLC
since 2025
4 recorded transactions
2025
Price N/A
2016
Price N/A
2006
Price N/A
2006
Price N/A
Zoning & alternative use
EED · Spring Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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