1675 Phoenix St

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30166369
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 28,925 SF
Gross Land Area: 4.28 Acres
Sale Price: $2,250,000
Unit Price: $77.79 PSF
Property Use Type: Investment
Building Name: Locker Plaza
Sale Terms: Cash to Seller
Cap Rate: 10.5%
Average Occupancy Rate: 100
Last Updated: 7/3/2018

Overview / Comments

PRICE REDUCED - 10.5% CAP. Excellent retail investment opportunity in South Haven, Michigan. This 28,925 SF 100% occupied retail strip is on a 4.28 acres of land. Strategically located in a high traffic count intersection, just off I-196 in growing area. Great tenant mix with six (6) retail stores with long rental history at this location.

Attachments & Media

Current Tenants

Tenant Business Name Dollar General
SF of Space Occupied 7,500 SF
Tenant Business Name Admiral Tobacco
SF of Space Occupied 1,500 SF
Tenant Business Name Rent-A-Center
SF of Space Occupied 5,330 SF

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Taxing Authority: South Haven
Tax ID/APN: 80-53-869-002-40
Zoning: COMMERCIAL
Tenancy: Multiple Tenants
Year Built: 2002
Heat Type: Natural Gas
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
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.