1675 Phoenix StSouth Haven, MI 49090
- Retail properties
- 28,700 SF
Property Details for 1675 Phoenix St
- Year built
- 2002
- Lot size
- 4.28 AC
- Property size (Sq ft)
- 28,700 SF
- Zone code
- B-4
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 80-53-869-002-40
- APU
- 805386900240
Description
This exceptional retail property, located at 1675 Phoenix St in South Haven, Michigan, presents a unique investment opportunity. The 28,925 square foot building, constructed in 2002, is classified as Class C and sits on a generous 4-acre lot. Currently, there are two available retail spaces, offering flexible options ranging from 2,000 to 12,000 contiguous square feet, with a total of 21,000 square feet currently vacant. The minimum divisible space is 9,000 square feet, ideal for larger tenants seeking significant presence. The property boasts ample parking with 180 spaces, ensuring convenient access for customers and employees. Situated in the Van Buren County submarket, this location benefits from high visibility and strong traffic flow, making it an attractive destination for businesses. The property's vehicle-related subtype suggests potential for businesses catering to automotive needs or related services. This is a rare opportunity to acquire a substantial retail space in a thriving Michigan community. The property's size and flexibility make it suitable for a variety of retail uses, offering significant potential for growth and return on investment. The zip code is 49090.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,414,800
- 6.5%
- $4,998,276
- 7%
- $4,641,256
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,420,201
- Geo Method
- $9,420,201
-
Alternative Use
- Use
- Valuation
- Residential
- $4,216,233
- Hospitality
- $3,862,047
- Educational
- $3,213,178
- Medical
- $3,323,684
- Retail
- $4,998,276
Location Insight
- City
- South Haven
- County
- Van Buren
- State
- Michigan
- Latitude
- 42.4046
- Longitude
- -86.2451
- CBSA code
- 28020
- CBSA name
- KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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