112 Dyckman AveSouth Haven, MI 49090

Property Details for 112 Dyckman Ave

Year built

1930

Lot size

0.06 AC

Property size (Sq ft)

3,705 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Retail space

APN

80-53-720-017-50

APU

805372001750

Description

This exceptional commercial property at 112 Dyckman Avenue in South Haven, Michigan, presents a unique investment opportunity. Listed at $1,200,000, this 0.06-acre lot features a successful, established deli and convenience store. The property includes a Class C liquor license, adding significant value and potential revenue streams. Above the commercial space is a two-bedroom apartment (potentially three bedrooms), offering additional income potential or owner occupancy. The apartment boasts stunning Lake Michigan views and a wrap-around deck. A full, usable basement provides ample storage space for the business. The property is zoned commercial and enjoys a prime location as the only convenience store north of the bridge, ensuring high visibility and consistent customer traffic. This landmark building offers a blend of commercial and residential space, making it an ideal investment for a savvy buyer looking for a turnkey operation with significant upside. The property's existing infrastructure and established clientele provide a solid foundation for continued success and future growth. This is a rare opportunity to acquire a profitable business with significant real estate assets in a desirable location. The property is located in Van Buren County, Michigan, with the address 112 Dyckman Avenue, South Haven, MI 49090.

• CAP approach

  CAP return

  Valuation

  6%

  $699,019

  6.5%

  $645,248

  7%

  $599,159

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,216,092

  Geo Method

  $1,216,092

• Alternative Use

  Use

  Valuation

  Residential

  $544,291

  Hospitality

  $498,567

  Educational

  $414,802

  Medical

  $429,068

  Retail

  $645,248

Location Insight

City

South Haven

County

Van Buren

State

Michigan

Latitude

42.4076

Longitude

-86.2774

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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