1675 Phoenix St

Retail-Commercial for Sale
Catylist Listing ID: 30166369
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 28,925 SF
Gross Land Area: 4.28 Acres
Sale Price: $2,650,000
Unit Price: $91.62 PSF
Property Use Type: Investment
Building Name: Locker Plaza
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Average Occupancy Rate: 100
Last Updated: 2/12/2018

Overview / Comments

Excellent retail investment opportunity in South Haven, Michigan. This 28,925 SF fully leased retail strip is on a 4.28 acres of land. Strategically located in a high traffic count intersection, just off I-196. Great tenant mix with six (6) retail stores. 9% cap rate conservatively underwritten.

Attachments & Media

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Taxing Authority: South Haven
Tax ID/APN: 80-53-869-002-40
Tenancy: Multiple Tenants
Year Built: 2002
Heat Type: Natural Gas
Heat Source: Baseboard
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,276 8,562 12,971
Median Age: 36.4 44.83 42.97
Households: 961 3,683 5,353
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